DMC Global appoints Jay Doubman as independent director

BROOMFIELD, Colo. - DMC Global Inc. (NASDAQ:BOOM), a $157 million market cap industrial company currently trading at $7.65 per share, has appointed John R. "Jay" Doubman to its board of directors as an independent director, according to a company press release issued Thursday. According to InvestingPro analysis, the company shows strong liquidity with a current ratio of 2.66.

Doubman brings over 30 years of global leadership experience in industrial, building products, and specialty chemicals sectors. He currently serves as chief executive officer and board member at ICP Group, a manufacturer of specialty coatings, adhesives, and sealants for the construction industry.

Prior to joining ICP Group, Doubman held senior executive positions at several companies including Ecore International, Cabot Corporation, and CertainTeed Corporation. His background includes experience in corporate strategy, mergers and acquisitions, international operations, and corporate governance.

James O’Leary, executive chairman, president and CEO of DMC Global, said Doubman’s "operational expertise, strategic insight, and proven ability to lead complex, global businesses" would be valuable to the board.

Doubman holds an MBA from the Wharton School of the University of Pennsylvania and a Bachelor of Science in Mechanical Engineering from Bucknell University.

DMC Global describes itself as an owner and operator of manufacturing businesses that provide engineered products and solutions. The company’s portfolio includes Arcadia (architectural building products), DynaEnergetics (energy industry), and NobelClad (industrial infrastructure and transportation sectors).

The company is based in Broomfield, Colorado, and is publicly traded on the Nasdaq exchange.

In other recent news, DMC Global Inc. reported robust financial results for the first quarter of 2025, with earnings per share (EPS) reaching $0.04, surpassing the forecasted -$0.02. The company’s revenue also exceeded expectations, totaling $159.3 million against a predicted $148.35 million. Following this announcement, Stifel analysts adjusted their price target for DMC Global to $8.50 from $9.00, while maintaining a Hold rating, citing potential challenges due to tariff policies and macroeconomic conditions. Additionally, DMC Global announced that James O’Leary has been appointed as the permanent CEO, continuing his role as executive chairman. The company is also considering acquiring the remaining 40% stake in Arcadia Products, LLC. At the 2025 Annual Meeting of Stockholders, several corporate developments were approved, including the DMC Global Inc. 2025 Omnibus Incentive Plan and the appointment of Ernst & Young LLP as the independent auditor for the fiscal year. These recent developments reflect DMC Global’s ongoing strategic initiatives and adjustments in response to market conditions.

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