Dynamic Materials Corporation (BOOM) Releases Earnings Results, Beats Expectations By $0.15 EPS

Dynamic Materials Corporation (BOOM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $-0.18. The company posted revenue of $40.50 million in the period, compared to analysts expectations of $36.25 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Dynamic Materials Corporation opened for trading at $8.42 and hit $8.64 on the upside on Wednesday, eventually ending the session at $8.51, with a gain of 1.19% or 0.1 points. The heightened volatility saw the trading volume jump to 28,696 shares. Company has a market cap of $122 M.

In a different news, on Mar 23, 2016, Jeff Nicol (SVP & Gen. Manager, Nobleclad) sold 3,000 shares at $6.59 per share price. According to the SEC, on Dec 22, 2015, Richard P Graff (director) sold 1,200 shares at $6.12 per share price. On Dec 9, 2015, Robert A Cohen (director) purchased 6,900 shares at $7.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Dynamic Materials Corporation (DMC) operates a family of technical product and process businesses serving the energy industrial and infrastructure markets. The Company’s businesses operate globally through an international network of manufacturing distribution and sales facilities. The Company’s business segments consist of NobelClad and DynaEnergetics. NobelClad is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. DynaEnergetics manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. The Company owns explosive metalworking and metallic processes and also registered trademarks including Detaclad Detacouple EFTEK ETJ 2000 and NOBELCLAD.

Dynamic Materials Corporation

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