DMC Global Reports Strong Q2 Performance with Sales and Earnings Above Guidance
DMC Global (NASDAQ:BOOM) reported second-quarter sales of $157 million, reaching the high end of its guidance range. Adjusted EBITDA came in at $10.7 million, surpassing expectations. Arcadia, DMC's architectural building products segment, led the improvement with a 9% year-over-year increase in sales and an adjusted EBITDA margin of 13.6%, up from 10.9% last year. DynaEnergetics saw sequential growth but faced profitability challenges due to pricing pressure and input costs. NobelClad's sales declined by 17% year over year, though a large petrochemical order helped offset the drop. The company expects third-quarter sales between $158 million and $168 million with adjusted EBITDA of $10 million to $13 million. DMC also mentioned potential volatility in aluminum prices, supply chain risks, and uncertain demand as challenges ahead. Additionally, it is nearing a possible acquisition for the remaining 40% ownership interest in Arcadia.
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