DMC Global announces executive resignation

Published 11/03/2025, 11:10
DMC Global announces executive resignation

DMC Global Inc. (NASDAQ:BOOM), a manufacturer of miscellaneous primary metal products, has reported the upcoming departure of a key executive. Michelle Shepston, the company’s Executive Vice President, Chief Legal Officer, and Secretary, has announced her resignation effective March 28, 2025. According to InvestingPro data, this announcement comes as the company faces challenges, with its stock down over 54% in the past year and currently trading below its Fair Value.

Ms. Shepston informed the company of her decision on March 6, 2025, and plans to ensure a smooth transition of her responsibilities until her departure. She is leaving to pursue a new professional opportunity in Denver, Colorado.

This executive movement comes as DMC Global continues to operate within the miscellaneous primary metal products industry under the SIC code 3390. The company, formerly known as Dynamic Materials Corp and Explosive Fabricators Inc, is based in Broomfield, Colorado, with its fiscal year ending on December 31.

The company has not yet announced a successor for Ms. Shepston or detailed any further changes to its executive team following this announcement. The information regarding this organizational change is based on the latest 8-K filing with the Securities and Exchange Commission.

Investors and stakeholders of DMC Global may be attentive to the company’s next steps in filling the executive role and maintaining leadership stability. The company’s stock, listed on The Nasdaq Global Select Market under the trading symbol BOOM, along with its Stock Purchase Rights, may be watched closely in the coming days for any market reactions to this news.

The details of this executive change have been made public as per regulatory requirements, ensuring transparency for investors and the market. DMC Global has fulfilled its obligation to report significant corporate events through the SEC filing, which serves as the source for this update. The company maintains a healthy liquidity position with a current ratio of 2.53, indicating strong ability to meet short-term obligations.

In other recent news, DMC Global Inc. reported a notable earnings beat for the fourth quarter of 2024. The company achieved an adjusted earnings per share (EPS) of $0.09, surpassing the anticipated loss of $0.19, and reported revenue of $152.4 million, exceeding forecasts of $146.87 million. DMC Global’s adjusted EBITDA for the quarter was $10.4 million, significantly outperforming Stifel’s estimate of $7.0 million. Analysts at Stifel maintained a Hold rating for DMC Global stock with a price target of $8.00, acknowledging the company’s strong performance and guidance alignment for the first quarter of 2025.

DynaEnergetics, a division of DMC Global, announced a tariff surcharge on its perforating systems sold in North America, ranging from 7% to 9%, due to increased raw material costs from U.S. tariffs. This move reflects the company’s effort to maintain transparency in pricing amid shifting trade policies. Additionally, DMC Global has deferred the put option for the remaining 40% stake in Arcadia until September 2026, addressing immediate financial concerns.

The company introduced new innovations, including the next-generation DynaStage system, and is focusing on operational efficiency and debt reduction strategies. DynaEnergetics also completed the first phase of automating product assembly operations at its manufacturing center in Texas. These developments indicate the company’s ongoing efforts to enhance margins and improve competitiveness in its business segments.

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

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