Arcadia Products names Jim Schladen as new president

BROOMFIELD, Colo. - DMC Global Inc. (NASDAQ:BOOM), currently valued at approximately $170 million in market capitalization, announced the return of Jim Schladen as president of its subsidiary Arcadia Products, LLC, effective February 3, 2025. The announcement comes as the company’s stock shows strong momentum with a 13% return over the past week. Schladen, who previously led Arcadia from 2000 until his retirement in January 2023, is credited with the company’s significant growth, including double-digit annual sales increases and leading profitability during his tenure.

Arcadia, known for supplying architectural building products to commercial and high-end residential construction sectors, expanded under Schladen’s previous leadership. The company now boasts a network of sales locations and manufacturing facilities across the western and southwestern United States, specializing in aluminum framing solutions for both exterior and interior applications.

James O’Leary, interim CEO of DMC Global, expressed enthusiasm for Schladen’s return, noting his deep understanding of Arcadia’s market and historical success. O’Leary also acknowledged Chris Scocos for his contributions as interim president since November and his ongoing role in operational improvements. Scocos will continue with the company as interim vice president of operations to facilitate a smooth leadership transition.

Schladen’s career at Arcadia began in 1986, and after a period away co-founding Wilson Partitions, he returned to Arcadia following its acquisition of Wilson in 1998. His roles have included head of sales for Arcadia Commercial Exteriors and president of Commercial Interiors. Schladen is a University of California, Los Angeles alumnus with a bachelor’s degree in business economics.

DMC Global operates a portfolio of manufacturing businesses, including Arcadia, DynaEnergetics in the energy sector, and NobelClad for industrial infrastructure and transportation. The company aims to drive returns through strategic management and capital allocation. According to InvestingPro analysis, the company maintains healthy liquidity with a current ratio of 2.37, though profitability remains a challenge with negative earnings in the last twelve months.For investors seeking deeper insights, InvestingPro offers comprehensive analysis with over 30 additional financial metrics and exclusive ProTips for DMC Global.

This leadership announcement is based on a press release statement and contains forward-looking statements subject to risks and uncertainties. DMC Global advises that actual results could materially differ due to various factors, as detailed in their regulatory filings. InvestingPro data indicates the company’s next earnings report is due on February 20, 2025, which may provide further clarity on the company’s trajectory under new leadership. Currently, DMC Global appears undervalued based on InvestingPro’s Fair Value analysis, with analysts setting price targets ranging from $8 to $17 per share.

In other recent news, DMC Global has seen significant changes in leadership, with the appointment of James O’Leary as Interim President and CEO, following the retirement of Michael Kuta. O’Leary’s term will extend through June 2025, with incentives contingent on the achievement of specific targets. In other executive changes, DMC Global has approved special retention grants for CFO Eric Walter and Executive Vice President Michelle Shepston.

The company has also delayed its potential stake buyout of Arcadia to 2026, a move that provides relief from potential equity dilution and increased leverage. DMC Global has reported a decrease in Q3 sales, totaling $152.4 million, with adjusted EBITDA standing at $5.7 million.

Stifel has downgraded DMC Global stock from ’Buy’ to ’Hold,’ reducing the price target to $8 due to concerns over near-term growth prospects and recent executive changes. These are recent developments in DMC Global’s ongoing efforts to navigate its operational and fiscal challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.