Dynamic Materials Corporation (BOOM) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Dynamic Materials Corporation (BOOM) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.04. The company posted revenue of $41.30 million in the period, compared to analysts expectations of $41.29 million. The company’s revenue was down -7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on Dynamic Materials Corporation. Dynamic Materials Corporation was Downgraded by Sidoti to ” Neutral” on Jun 10, 2016.

Dynamic Materials Corporation closed down -0.19 points or -1.85% at $10.06 with 33,848 shares getting traded on Thursday. Post opening the session at $10.2, the shares hit an intraday low of $10.06 and an intraday high of $10.36 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 6, 2016, Kevin T Longe (President and CEO) sold 6,624 shares at $10.49 per share price. According to the SEC, on May 25, 2016, Richard P Graff (director) sold 800 shares at $10.57 per share price. On May 20, 2016, Yvon Pierre Cariou (director) sold 12,500 shares at $10.15 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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