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Dec 31, 2019
DMC Global Q4 2019 Earnings Report
DMC Global's financial performance decreased due to a sharp decline in North American well completion activity.
Key Takeaways
DMC Global reported a decrease in fourth-quarter sales by 4% compared to the previous year, primarily due to reduced demand at DynaEnergetics. The company's net loss was $5.3 million, or $0.36 loss per diluted share.
Fourth quarter sales were $86.4 million, down 4% versus Q4 2018
Fourth quarter gross margin was 35%, the same as in Q4 2018
Fourth quarter net loss was $5.3 million, or $0.36 loss per diluted share
DynaEnergetics completes exit of Siberian manufacturing facility
Revenue by Segment
Forward Guidance
First quarter 2020 sales are expected to be in a range of $80 million to $84 million.
Positive Outlook
- Sales will begin to improve during the second quarter as new products from DynaEnergetics take hold in the market
- Full-year sales in a range of $370 million to $400 million
- Full-year gross margin is expected in a range of 34% to 35%
- Full-year SG&A is anticipated in a range of $62 million to $64 million
- Full-year net income per share is expected in a range of $3.00 to $3.30
Challenges Ahead
- First quarter 2020 sales are expected to be in a range of $80 million to $84 million
- DynaEnergetics is expected to report sales in a range of $62 million to $65 million
- NobelClad’s sales are expected in a range of $18 million to $19 million
- Consolidated gross margin is expected to be in a range of 34% to 35%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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