Dmc Global Inc (BOOM)

Shares of DMC Global (BOOM) dropped by 9.95% from $18.99 to $17.10 in the trading on Friday, November 3, 2023. The reason why BOOM down is due to the company's weaker-than-expected quarterly results.

• Earnings and Revenue Miss: For the quarter ending in September 2023, DMC Global reported revenue of $172.15 million, marking a 1.3% decrease compared to the same period the previous year. Earnings per share (EPS) came in at $0.50, compared to $0.35 in the year-ago quarter. Both revenue and EPS results missed Wall Street expectations, with revenue showing a -6.43% surprise and EPS falling short by -7.41%.
• Key Metrics and Analyst Projections: Investors often focus on key metrics and analyst projections to assess a company's financial health. In this quarter, DMC Global reported net sales for its business segments:
• DynaEnergetics: $73 million, exceeding the $76.85 million estimated by two analysts on average, representing a +243.7% change year-over-year.
• NobelClad: $27.69 million, falling short of the two-analyst average estimate of $30.15 million but showing an +18.4% year-over-year change.
• Arcadia: $71.46 million, below the $75.10 million average estimate based on two analysts, indicating a -11.5% change compared to the previous year.