Procore signs multi-year strategic collaboration agreement with AWS
BROOMFIELD, Colo. - DMC Global Inc. (NASDAQ:BOOM) reported fourth-quarter earnings that surpassed analyst expectations, sending its shares up 8% in after-hours trading on Monday. The company’s revenue and guidance also topped Wall Street estimates, signaling potential stabilization across its business segments.
The manufacturing company posted adjusted earnings per share of $0.09 for the quarter, beating the analyst consensus of -$0.19 by $0.28. Revenue came in at $152.37 million, exceeding expectations of $146.87 million and remaining flat sequentially but down 12% YoY.
DMC Global’s fourth-quarter sales outperformed management’s forecast range of $138 million to $148 million. Adjusted EBITDA attributable to DMC reached $10.4 million, surpassing guidance of $5 million to $8 million.
Looking ahead, the company provided an optimistic outlook for the first quarter of 2025. DMC Global expects revenue between $146 million and $154 million, above the consensus estimate of $145.6 million. Adjusted EBITDA is projected to range from $8 million to $11 million.
"Our focus prospectively is on margin expansion, EBITDA growth and debt reduction," said Jim Schladen, who recently rejoined as president of Arcadia, the company’s architectural building products business.
The company reported progress across its three manufacturing businesses. Arcadia saw a 4% sequential increase in sales, while NobelClad, DMC’s composite metals business, achieved its second-best quarterly sales performance in over a decade. DynaEnergetics, the energy products division, faced a seasonal slowdown but introduced a next-generation perforating system.
DMC Global’s strong performance and positive guidance suggest the company may be turning a corner after facing challenges in various end markets. Investors will be watching closely to see if this momentum can be sustained in the coming quarters.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.