Overview
DMC Global Q3 sales beat analyst expectations despite a 1% yr/yr decline
Adjusted EPS for Q3 missed analyst expectations
NobelClad secured a record $20 mln order, boosting future backlog
Outlook
DMC expects Q4 sales between $140 mln and $150 mln
Adjusted EBITDA for Q4 anticipated between $5 mln and $8 mln
Result Drivers
ARCADIA SALES GROWTH - Arcadia Products sales rose 7% yr/yr, benefiting from improved overhead absorption despite high interest rates
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $151.50 mln | $145.03 mln (3 Analysts) |
Q3 Adjusted EPS | Miss | -$0.08 | $0.02 (2 Analysts) |
Q3 Adjusted Net Income | Miss | -$1.6 mln | $2 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy."
Wall Street's median 12-month price target for DMC Global Inc is $10.25, about 21.9% above its November 3 closing price of $8.01
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nGNXbYF6jp
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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