Dynamic Materials Down 3.93% To $16.76 After Earnings Miss

Dynamic Materials (BOOM) said after close Thursday that it earned $0.26 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $174 million, beating estimates by $2.4 million.

In the same quarter a year ago, the company earned $0.22 per share on revenue of $175.1 million.

The stock is down 3.93% to $16.76 after the report.

Despite Dynamic Materials reporting a decline in revenues, earnings increased signaling a rise in profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Dynamic Materials a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 30. Meanwhile, the average Wall Street analyst rated the stock a Buy.

DMC Global Inc operates a diversified family of technical product and process businesses serving the energy, industrial and infrastructure markets. Its business is organized into three segments: Arcadia, DynaEnergetics, and NobelClad.Arcadia is a provider of architectural building products and operates in two divisions - Commercial and Residential. NobelClad is involved 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, which is the key revenue driver, designs manufactures and distributes products utilized by the oil and gas industry principally for the perforation of oil and gas wells.