DMC Global Reports First Quarter Revenue of $137.8M, Net Loss of $3.3M – BizWest

BROOMFIELD – DMC Global Inc. (Nasdaq:BOOM), which operates in the explosive welding and oil well drilling businesses, said Friday it earned $137.8 million in revenue for the first quarter of 2022.

This represents a 147% year-over-year increase from the first quarter of 2021.

DMC also reported a net loss of $3.3 million for the quarter, up 364% year-over-year. Net loss per share was 47 cents.

“DMC’s business is off to a strong start in 2022, despite a variety of macro-economic challenges,” said Kevin Longe, President and CEO of DMC, in a prepared statement. “We now operate three differentiated and innovative businesses that have built leading positions in their respective industries. I am confident that DMC’s prospects for long-term growth and improved returns for our stakeholders have never been stronger. »

DMC forecasts between $142 million and $152 million in revenue for the full fiscal year 2022.

BROOMFIELD – DMC Global Inc. (Nasdaq:BOOM), which operates in the explosive welding and oil well drilling businesses, said Friday it earned $137.8 million in revenue for the first quarter of 2022.

This represents a 147% year-over-year increase from the first quarter of 2021.

DMC also reported a net loss of $3.3 million for the quarter, up 364% year-over-year. Net loss per share was 47 cents.

“DMC’s business is off to a strong start in 2022, despite a variety of macro-economic challenges,” said Kevin Longe, President and CEO of DMC, in a prepared statement. “We now operate three differentiated and innovative businesses that have built leading positions in their respective industries. I am confident that DMC’s prospects for long-term growth and improved returns for our stakeholders have never been stronger. »

DMC forecasts between $142 million and $152 million in revenue for the full fiscal year 2022.