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Jun 30, 2023
DMC Global Q2 2023 Earnings Report
Reported record sales and earnings driven by healthy demand and improved operating efficiencies across all DMC businesses.
Key Takeaways
DMC Global reported record second-quarter sales of $188.7 million, reflecting the resiliency of industrial end markets and strong demand for differentiated products. All three businesses achieved adjusted EBITDA margins exceeding 20%, driven by initiatives to streamline costs and improve operating efficiencies.
Second quarter sales increased to $188.7 million, up 2% sequentially and 14% vs. Q2 2022.
Consolidated gross margin improved to 33% from 28% in prior quarter and 31% in Q2 2022.
Adjusted EBITDA attributable to DMC was a record $31.8 million, up 58% sequentially and 42% vs. Q2 2022.
Total adjusted EBITDA, inclusive of non-controlling interest (NCI), was $38.4 million, or 20% of sales.
Forward Guidance
DMC Global anticipates that pricing pressure associated with declining raw material costs in some of Arcadia’s commercial construction markets, as well as a recent slowdown in North American well completion activity, will likely taper adjusted EBITDA versus the record results reported in the second quarter. Nevertheless, 2023 should represent a year of solid sales and earnings growth for DMC.
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