BROOMFIELD, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (NASDAQ:BOOM) today announced it has closed a $300 million, five-year senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed draw term loan. The facility replaces DMC's prior $200 million credit facility. "This new credit agreement strengthens our balance sheet and improves our near-term financial flexibility as we pursue strategic alternatives for our DynaEn ...

BROOMFIELD, Colo., Jan. 29, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (NASDAQ:BOOM) today announced its board of directors ("the Board") has initiated a review of strategic alternatives for its DynaEnergetics and NobelClad businesses. The strategic review process formalizes DMC's ongoing efforts over the past several months to consider opportunities for unlocking shareholder value. The Board has retained a financial advisor and may retain other advisors to assist the Board in evaluating DMC's current strateg ...

DMC Global Inc. (NASDAQ:BOOM) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Geoff High - VP, IR Mike Kuta - President and CEO Eric Walter - CFO Conference Call Participants Gerry Sweeney - ROTH Capital Partners Stephen Gengaro - Stifel Katie Fleischer - KeyBanc Capital Markets Sean Mitchell - Daniel Energy Partners Operator Greetings and welcome to the DMC Global Third Quarter Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-an ...

• Adjusted EBITDA attributable to DMC up 13% Y-O-Y • Total adjusted EBITDA of $30.0 million up 13% Y-O-Y • Consolidated adjusted EBITDA margin of 17.4% 2023 Third Quarter Earnings Presentation 5 THIRD QUARTER 2023 BUSINESS-LEVEL FINANCIAL PERFORMANCE $81 $79 $72 $0 $5 0 $1 00 Q3 22 Q2 23 Q3 23 Sales $ In Millions Arcadia DynaEnergetics NobelClad USE OF NON-GAAP FINANCIAL MEASURES & SAFE HARBOR LANGUAGE *Use of Non-GAAP Financial Measures Adjusted net income (loss), adjusted EBITDA and net debt are non-GAAP ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.05 Par Value BOOM The Nasdaq Global Select Market (Mark One) For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 Commission file number 001-14775 (303) 665-5700 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant has submitted ele ...

DMC Global Inc. (NASDAQ:BOOM) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Geoff High - Vice President, Investor Relations Kevin Longe - President and CEO Mike Kuta - Chief Financial Officer Conference Call Participants Cameron Lochridge - Stephens Stephen Gengaro - Stifel Gerry Sweeney - ROTH Capital Jim Brilliant - Century Management Operator Good day, ladies and gentlemen. And welcome to the DMC Global Second Quarter Earnings Call. At this time, all participants have be ...

In connection with the vesting of Company restricted common stock under our equity incentive plans or distributions of shares of common stock pursuant to our Amended and Restated Non-Qualified Deferred Compensation Plan ("deferred compensation plan") during the second quarter of 2023, we retained shares of common stock in satisfaction of withholding tax obligations. We also retained shares of common stock as the result of participants' diversification of equity awards held in the deferred compensation plan ...

DMC Global Inc. (NASDAQ:BOOM) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Geoff High – Vice President-Investor Relations David Aldous – Director & Interim Co-Chief Executive Officer Mike Kuta – Interim Co-Chief Executive Officer Eric Walter – Chief Financial Officer Conference Call Participants Gerry Sweeney – ROTH Capital Patrick Ouellette – Stifel Ken Newman – Keybanc Capital Markets Operator Greetings. Welcome to the DMC Global First Quarter Earnings Call. [Operator Instr ...

Financial Performance - For the three months ended March 31, 2023, DMC Global Inc. reported a net income of $2,139,000, compared to a net loss of $4,280,000 for the same period in 2022, representing a significant turnaround[26]. - DMC Global Inc. reported a comprehensive income attributable to stockholders of $1,678,000 for the three months ended March 31, 2023, compared to a loss of $4,492,000 in the same period of 2022[26]. - Net income attributable to DMC Global Inc. stockholders for the three months ended March 31, 2023, was $909,000, compared to a net loss of $3,288,000 for the same period in 2022[79]. - Basic and diluted net loss per share attributable to DMC Global Inc. stockholders was $(0.01) for the three months ended March 31, 2023, compared to $(0.47) for the same period in 2022[79]. - Segment operating income for the three months ended March 31, 2023, was $18,922,000, significantly up from $1,560,000 in the same period of 2022[105]. Balance Sheet and Liabilities - Total current liabilities increased to $161,951,000 as of March 31, 2023, up from $128,050,000 at the end of 2022, reflecting a 26.5% increase[22]. - The company's total liabilities reached $334,204,000 as of March 31, 2023, compared to $310,809,000 at the end of 2022, indicating an increase of 7.5%[22]. - The company’s long-term debt decreased to $111,686,000 as of March 31, 2023, down from $117,798,000 at the end of 2022, reflecting a reduction of 5.0%[22]. - Total debt as of March 31, 2023, was $126,686,000, down from $132,798,000 as of December 31, 2022[93]. - Deferred compensation obligations that will be settled in cash amounted to $17,222,000 as of March 31, 2023, down from $15,292,000 as of December 31, 2022[83]. Cash Flow and Operating Activities - Cash and cash equivalents at the end of the period were $19,647,000, up from $15,376,000 at the end of March 31, 2022, showing a year-over-year increase of 27.5%[31]. - The company experienced a net cash provided by operating activities of $7,065,000 for the three months ended March 31, 2023, compared to a net cash used of $4,584,000 in the same period of 2022[31]. Equity and Stockholder Information - Stockholders' equity as of March 31, 2023, was $382,277,000, a slight increase from $380,647,000 at the end of 2022[22]. - DMC Global Inc. had a total of 20,399,461 common shares issued as of March 31, 2023, an increase from 20,140,654 shares at the end of 2022[28]. - The company incurred $5,027,000 in stock-based compensation for the three months ended March 31, 2023, compared to $2,358,000 in the same period of 2022, indicating a rise of approximately 112%[31]. Inventory and Receivables - Total inventories as of March 31, 2023, amounted to $179,545 million, with raw materials accounting for $42,502 million[61]. - As of March 31, 2023, the allowance for doubtful accounts decreased to $772 million from $925 million on December 31, 2022, reflecting a provision for expected credit losses of $32 million[41]. - During the three months ended March 31, 2023, net recoveries of accounts receivable amounted to $154 million[40]. Future Plans and Strategies - The company plans to continue focusing on operational efficiency and market expansion strategies to drive future growth[37]. - DMC Global Inc. plans to continue its focus on market expansion and product development, although specific new products or technologies were not detailed in the report[37]. Compliance and Financial Covenants - As of March 31, 2023, the company was in compliance with all financial covenants and other provisions of its debt agreements[97]. - The maximum leverage ratio permitted by the credit facility is 3.25 to 1.0 through the quarter ended March 31, 2023, and will decrease to 3.0 to 1.0 from the quarter ended June 30, 2023[96]. - The minimum debt service coverage ratio permitted under the credit facility is 1.35 to 1.0[125]. Miscellaneous - The company has established a Non-Qualified Deferred Compensation Plan, allowing participants to defer a portion of their salary and bonuses on a tax-deferred basis[50]. - The company recognizes deferred tax assets and liabilities for expected future income tax consequences, with a valuation allowance recorded when realization is not likely[46]. - The company continues to permanently reinvest the earnings of its international subsidiaries, avoiding U.S. income taxes on undistributed foreign income[129].

NobelClad revenues are affected both by the demand for NobelClad's explosion-welded cladding services and the base price of metal used in explosion-welded cladding operations. The explosion-welded cladding market is dependent upon sales of products for use by customers in a limited number of heavy industries, including oil and gas, chemicals and petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, rail car manufacturing, power generation, and industrial refrigeration. Thes ...