DMC Global Q3 sales beat expectations

Reuters11-05
<a href="https://laohu8.com/S/BOOM">DMC Global</a> Q3 sales beat expectations

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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