DMC Global Revises Fourth Quarter Sales Forecast
DMC Global Inc. (BOOM)
Last dmc global inc. earnings: 4/23 04:05 pm
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Source: GlobeNewswire
BROOMFIELD, Colo., Dec. 17, 2019 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced that fourth quarter 2019 sales are expected in a range of $82 million to $86 million versus a previously forecasted range of $92 million to $97 million. The revision is due to a sharp decline in North American well completion activity and significant pricing pressure affecting DynaEnergetics, DMC’s oilfield products business. Fourth quarter sales at DynaEnergetics are expected in a range of $62 million to $64 million versus a previously forecasted range of $72 million to $75 million. Anticipated fourth quarter sales at NobelClad, DMC’s composite metals business, remain in the previously forecasted range of $20 million to $22 million. Management expects fourth quarter adjusted EBITDA to be $14.0 million to $15.0 million versus its prior guidance range of $17.5 million to $20 million, and its consolidated full-year adjusted earnings per share are expected to be in a range of $3.50 t
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