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Dec 23, 2023
Dynamic Materials Up 21.08% To $21.25 After Earnings Beat
Dynamic Materials (BOOM) said after close Tuesday that it earned $0.72 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to
Dynamic Materials (BOOM) said after close Tuesday that it earned $0.72 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $188.7 million, beating estimates by $9.1 million.In the same quarter a year ago, the company earned $0.29 per share on revenue of $165.8 million. The stock is up 21.08% to $21.25 after the report.Dynamic Materials's earnings expanded faster than revenues, signaling widening profit margins.The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.Dynamic Materials has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 9, putting Dynamic Materials in the bottom 25% of stocks. The firm set a 52-week high on February 28, 2023 at $28.01 and set a 52-week low on September 29, 2022 at $13.95.DMC Global Inc operates a diversified family of technical product and process businesses serving the energy, industrial and infrastructure markets. Its business is organized into three segments: Arcadia, DynaEnergetics, and NobelClad.Arcadia is a provider of architectural building products and operates in two divisions - Commercial and Residential. NobelClad is involved in the production of explosion-welded clad metal plates for use in the construction of corrosion-resistant industrial processing equipment and specialized transition joints. DynaEnergetics, which is the key revenue driver, designs manufactures and distributes products utilized by the oil and gas industry principally for the perforation of oil and gas wells.