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Jun 30, 2024
DMC Global Q2 2024 Earnings Report
Reported financial results for the second quarter of 2024.
Key Takeaways
DMC Global reported second-quarter sales of $171.2 million, a 3% sequential increase but a 9% decrease compared to Q2 2023. Net income was $6.3 million, with net income attributable to DMC at $4.0 million. Adjusted EBITDA attributable to DMC was $19.4 million, up 16% sequentially but down 39% year-over-year. The company's performance was driven by solid execution across all three business segments, leading to consolidated sales and adjusted EBITDA exceeding the high end of guidance.
Second quarter sales were $171.2 million, up 3% sequentially and down 9% vs. Q2 2023.
Net income was $6.3 million, while net income attributable to DMC was $4.0 million.
Adjusted EBITDA attributable to DMC was $19.4 million, up 16% sequentially and down 39% vs. Q2 2023.
NobelClad's order backlog increased to $64 million from $52 million at the end of the first quarter, reflecting the impact of a record order from the petrochemical industry.
Revenue by Segment
Forward Guidance
DMC Global provided guidance for the third quarter of 2024, with consolidated sales expected to be between $158 million and $168 million. Arcadia's sales are projected to be $64 million to $68 million, DynaEnergetics' sales between $70 million and $74 million, and NobelClad's sales between $24 million and $26 million.
Positive Outlook
- Arcadia before NCI allocation: $10M - $12M
- Arcadia after NCI allocation: $6M - $7M
- DynaEnergetics: $9M - $10M
- NobelClad: $3M - $4M
- Corporate Unallocated: ~$ (3M)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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