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Stock impact report

DMC Global Raises First Quarter Sales Forecast

DMC Global Inc. (BOOM) 
Last dmc global inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: dmcglobal.com/investors
Company Research Source: GlobeNewswire
BOULDER, Colo., April 03, 2019 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced that consolidated first quarter sales are expected to be approximately $100 million, up from a previously forecasted range of $82 million to $85 million.  Gross margin is expected to be consistent with the company’s prior forecast of 34%. Management said the better-than-expected results were principally due to strong sequential growth at DynaEnergetics, DMC’s oilfield products business, which now is expected to report sales of approximately $80 million, up from a forecasted range of $64 million to $67 million.  Sales at NobelClad, DMC’s composite metals business, are expected to be approximately $20 million, above forecasted sales of $18 million. “As the first quarter progressed, DynaEnergetics’ experienced a sharp increase in demand for its advanced well perforating systems,” said Kevin Longe, DMC’s president and CEO.  “This growth coincided with improved industry conditions, includi Show less Read more
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