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Dec 31, 2020
DMC Global Q4 2020 Earnings Report
Reported financial results for the fourth quarter and fiscal year ended December 31, 2020.
Key Takeaways
DMC Global reported fourth-quarter sales of $57.1 million, a 3% sequential increase, but a 34% decrease compared to Q4 2019. The company's net loss for the quarter was $927,000, or $0.06 per diluted share.
Fourth quarter sales were $57.1 million, up 3% sequentially and down 34% versus Q4 2019
DynaEnergetics reports 24% sequential increase in North America sales, offsetting soft international demand; NobelClad sales up 3% sequentially
Fourth quarter gross margin was 21% versus 25% in Q3 2020 and 35% in Q4 2019
Fourth quarter net loss was $927,000, or $0.06 per diluted share
Revenue by Segment
Forward Guidance
DMC Global expects first quarter 2021 sales to be in a range of $55 million to $62 million versus the $57.1 million reported in the 2020 fourth quarter. Consolidated gross margin is expected to be in a range of 22% to 24% versus 21% in last year’s fourth quarter. Adjusted EBITDA is expected in a range of $3.5 million to $5 million versus $3.6 million in the fourth quarter of 2020.
Positive Outlook
- DynaEnergetics is expected to report sales in a range of $37 million to $42 million versus the $35.3 million reported in last year’s fourth quarter.
- Consolidated gross margin is expected to be in a range of 22% to 24% versus 21% in last year’s fourth quarter.
- First quarter selling, general and administrative (SG&A) expense is expected in a range of $12.5 million to $13 million versus the $12.5 million reported in the 2020 fourth quarter
- Adjusted EBITDA is expected in a range of $3.5 million to $5 million versus $3.6 million in the fourth quarter of 2020.
Challenges Ahead
- NobelClad’s sales are expected in a range of $18 million to $20 million versus the $21.8 million reported in the 2020 fourth quarter.
- The wide forecasted range reflects uncertainty regarding the timing of order deliveries following this week’s severe winter weather in Texas, DynaEnergetics’ largest geographic market.
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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