Key Takeaways:
- DMC Global reported Q2 revenue of $156.95 million, beating the $149.12 million consensus.
- EPS came in at $0.04, well above the -$0.13 estimate.
- The company swung to profitability from a year-ago loss.
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DMC Global beats Q2 estimates as EPS swings to $0.04 profit
DMC Global reported Q2 revenue of $156.95 million and earnings per share of $0.04, both topping consensus estimates for the period ended June 30.
The company did not provide executive commentary in the earnings release.
Revenue of $156.95 million exceeded the $149.12 million consensus by 5.3 percent. Earnings per share of $0.04 compared with the analyst estimate of a loss of $0.1275, a beat of $0.1675 per share. The results mark a swing to profitability from the prior-year period, though year-ago comparisons and segment-level details were not yet disclosed.
DMC Global, which trades on the Nasdaq under the ticker BOOM, supplies engineered products to the energy, industrial and infrastructure markets through its DynaEnergetics and Arcadia businesses. The company did not disclose guidance for the current quarter.
The earnings beat suggests improving conditions across DMC Global's end markets. Investors will watch for forward guidance and segment margin details on the company's next earnings call.
This article is for informational purposes only and does not constitute investment advice.
