Dynamic Materials Forms Resurrection Cross On Rising Volume

  • Post category:Energy
  • Reading time:3 mins read
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Dynamic Materials BOOM stock formed a Resurrection Cross on September 6, 2023, with rising volume into the upward move. BOOM stock is in a technical strong uptrend.

BOOM stock on September 6, 2023, with a Resurrection Cross and rising volume into the upward move.

Dynamic Materials Corporation, also known as DMC Global Inc., is a company that operates in two segments – NobelClad and DynaEnergetics. NobelClad is a global leader in the production of explosion-welded clad metal plates, which are used in various industries such as oil and gas, petrochemical, and power generation. These plates are designed to enhance the performance and reliability of equipment by combining different metals together. DynaEnergetics, on the other hand, is a manufacturer of advanced explosive components and systems used in oil and gas well completion. They specialize in products like perforating systems, shaped charges, detonating cords, and detonators, which help in the efficient extraction of oil and gas from wells. Overall, Dynamic Materials Corporation provides innovative solutions for critical applications in industries that require high-performance materials and explosive devices.

DMC Global Reports Beats For Q2

On August 8, 2023, DMC Global reported adjusted EPS of 72c versus the consensus estimate of 41c. The company reported Q2 revenue of $188.66M versus the consensus estimate of $179M.

“Our consolidated sales were a quarterly record $188.7 million and reflect the resiliency of our industrial end markets, strong demand for our differentiated products, and outstanding execution by our employees,” said Michael Kuta, who was appointed DMC’s president and CEO yesterday.

“All three of our businesses delivered adjusted EBITDA margins in excess of 20%, illustrating that the initiatives we implemented in early 2023 to streamline our cost structure, improve operating efficiencies and strengthen DMC’s profitability are delivering the desired results.”

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