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Dec 31, 2022
DMC Global Q4 2022 Earnings Report
Reported financial results for the fourth quarter ended December 31, 2022.
Key Takeaways
DMC Global reported fourth quarter sales of $175.1 million, a 144% increase compared to Q4 2021. Net income attributable to DMC was $3.3 million. The company's adjusted EBITDA was $19.6 million.
Fourth quarter sales were $175.1 million, flat sequentially and up 144% versus Q4 2021
Fourth quarter sales were up 36% versus pro forma fourth quarter 2021 sales, inclusive of Arcadia
Fourth quarter consolidated gross margin was 26% versus 29% in Q3 2022 and 18% in Q4 2021
Fourth quarter net income attributable to DMC was $3.3 million
Forward Guidance
DMC Global expects first quarter 2023 consolidated sales to be in the range of $168 million to $178 million. Consolidated gross margin is expected to be in the range of 27% to 28%.
Positive Outlook
- Arcadia is expected to report sales of $70 million to $75 million.
- Sales at DynaEnergetics are expected in a range of $78 million to $82 million.
- Consolidated gross margin is expected in a range of 27% to 28%
- First quarter gross margin is expected to improve sequentially at both DynaEnergetics and Arcadia
- First quarter adjusted EBITDA attributable to DMC is expected in a range of $17 million to $21 million
Challenges Ahead
- NobelClad’s sales are expected in a range of $20 million to $21 million
- First quarter selling, general and administrative expense is expected in a range of $32 million to $33 million
- First quarter amortization expense is expected to be $5.8 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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