DMC GLOBAL REDUCES WORKFORCE BY APPROXIMATELY ONE THIRD TO ADDRESS ECONOMIC DOWNTURN AND CONTRACTION OF CORE MARKET
DMC Global Inc. (BOOM)
Last dmc global inc. earnings: 4/23 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
dmcglobal.com/investors
Company Research
Source: GlobeNewswire
BROOMFIELD, Colo., April 01, 2020 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today reported it has reduced its workforce by 264 positions, 97 of which were temporary workers. The reduction, which eliminated approximately one third of DMC’s workforce, was taken primarily to address sharply lower activity levels in the Company’s core oil and gas end market. The workforce reduction principally impacted full-time, part-time and temporary direct-labor roles in manufacturing and assembly at DynaEnergetics, DMC’s oilfield products business. Several general and administrative positions also were eliminated at DynaEnergetics, as well as at DMC’s corporate office, and at NobelClad, DMC’s composite metals business. Additionally, DynaEnergetics’ manufacturing facilities in the United States and Europe have transitioned to reduced work weeks. DMC expects to incur related cash severance costs of approximately $820,000 during the first quarter. A steep decline in energy demand has resu
Show less
Read more
Impact Snapshot
Event Time:
BOOM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BOOM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BOOM alerts
High impacting DMC Global Inc. news events
Weekly update
A roundup of the hottest topics
BOOM
News
- DMC Global Inc. (NASDAQ: BOOM) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $8.00 price target on the stock, down previously from $16.00.MarketBeat
- DMC Global Inc. (NASDAQ: BOOM) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $8.00 price target on the stock, down previously from $16.00.MarketBeat
- DMC Global Inc. (NASDAQ: BOOM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- DMC Global Announces Michael Kuta to Retire as President, CEO and Director; Executive Chairman James O’Leary Will Serve as Interim President & CEOGlobeNewswire
- DMC Global Inc. (NASDAQ: BOOM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
BOOM
Earnings
- 11/4/24 - Miss
BOOM
Sec Filings
- 11/19/24 - Form 8-K
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- BOOM's page on the SEC website