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Mar 31, 2021
DMC Global Q1 2021 Earnings Report
DMC Global reported a decrease in sales and net income compared to the same quarter last year, but an increase in cash and marketable securities.
Key Takeaways
DMC Global's first quarter sales were $55.7 million, a 24% decrease from Q1 2020. Net income was $432,000, or $0.03 per diluted share, compared to $4.2 million, or $0.28 per diluted share, in the prior year. The company ended the quarter with $66.8 million in cash and marketable securities.
First quarter sales were $55.7 million, down 24% from Q1 2020.
Net income was $432,000, or $0.03 per diluted share.
Adjusted EBITDA was $4.0 million versus $11.3 million in Q1 2020.
Cash and marketable securities were $66.8 million, up from $53.9 million at the end of the previous quarter.
Forward Guidance
Second quarter 2021 sales are expected to be in a range of $67 million to $72 million.
Positive Outlook
- DynaEnergetics is expected to report sales in a range of $44 million to $47 million.
- NobelClad’s sales are expected in a range of $23 million to $25 million.
- Consolidated gross margin is expected in a range of 25% to 26%.
- Adjusted EBITDA is expected in a range of $6 million to $8 million.
- Second quarter capital expenditures are expected in a range of $2 million to $4 million.
Challenges Ahead
- Second quarter selling, general and administrative (SG&A) expense is expected to be in a range of $14 million to $15 million.
- SG&A reflects an anticipated $1.5 million in litigation expense at DynaEnergetics.
- SG&A reflects continued investments in digital transformation.
- SG&A reflects the resumption of business- related travel.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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