DMC Global Shares Fall Below 52-Week Lows After Guidance Cut

Dow Jones

2024-10-22

By Stephen Nakrosis

Shares of DMC Global were trading below recent 52-week lows in the after-hours market following cuts to third-quarter sales guidance.

The company also said Monday as part of its strategic review process it is no longer actively marketing its DynaEnergetics and NobelClad businesses.

After the bell, the company's shares were trading 21% lower, at $10.18. The stock hit a 52-week low of $10.45 on Sept. 11.

Shares ended the day's regular session basically flat, at $12.93.

DMC said third-quarter sales are now expected to be about $152 million, below prior guidance of a range between $158 million and $168 million. The results reflect weaker-than-expected results at Arcadia Products and DynaEnergetics, DMC said.

Third-quarter results will include about $5 million in inventory and bad debt charges at DynaEnergetics and lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics, according to DMC.

Also on Monday, DMC said David Aldous has stepped down as independent chairman and has left the board. Director James O'Leary was named as executive chairman.

DMC Global owns and operates asset-light manufacturing businesses that serve the architectural building products, global energy, and global industrial infrastructure and transportation sectors.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 21, 2024 18:04 ET (22:04 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2477971810"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2477971810\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2477971810?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-22 06:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477971810","market":"sh","top_or_hot":-1,"title":"DMC Global Shares Fall Below 52-Week Lows After Guidance Cut","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/BOOM\">DMC Global</a> were trading below recent 52-week lows in the after-hours market following cuts to third-quarter sales guidance. \n</p>\n<p>\n  The company also said Monday as part of its strategic review process it is no longer actively marketing its DynaEnergetics and NobelClad businesses. \n</p>\n<p>\n  After the bell, the company's shares were trading 21% lower, at $10.18. The stock hit a 52-week low of $10.45 on Sept. 11. \n</p>\n<p>\n  Shares ended the day's regular session basically flat, at $12.93. \n</p>\n<p>\n  DMC said third-quarter sales are now expected to be about $152 million, below prior guidance of a range between $158 million and $168 million. The results reflect weaker-than-expected results at Arcadia Products and DynaEnergetics, DMC said. \n</p>\n<p>\n  Third-quarter results will include about $5 million in inventory and bad debt charges at DynaEnergetics and lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics, according to DMC. \n</p>\n<p>\n  Also on Monday, DMC said David Aldous has stepped down as independent chairman and has left the board. Director James O'Leary was named as executive chairman. \n</p>\n<p>\n  DMC Global owns and operates asset-light manufacturing businesses that serve the architectural building products, global energy, and global industrial infrastructure and transportation sectors. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 21, 2024 18:04 ET (22:04 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DMC Global Shares Fall Below 52-Week Lows After Guidance Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDMC Global Shares Fall Below 52-Week Lows After Guidance Cut\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-10-22 06:04</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/BOOM\">DMC Global</a> were trading below recent 52-week lows in the after-hours market following cuts to third-quarter sales guidance. \n</p>\n<p>\n  The company also said Monday as part of its strategic review process it is no longer actively marketing its DynaEnergetics and NobelClad businesses. \n</p>\n<p>\n  After the bell, the company's shares were trading 21% lower, at $10.18. The stock hit a 52-week low of $10.45 on Sept. 11. \n</p>\n<p>\n  Shares ended the day's regular session basically flat, at $12.93. \n</p>\n<p>\n  DMC said third-quarter sales are now expected to be about $152 million, below prior guidance of a range between $158 million and $168 million. The results reflect weaker-than-expected results at Arcadia Products and DynaEnergetics, DMC said. \n</p>\n<p>\n  Third-quarter results will include about $5 million in inventory and bad debt charges at DynaEnergetics and lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics, according to DMC. \n</p>\n<p>\n  Also on Monday, DMC said David Aldous has stepped down as independent chairman and has left the board. Director James O'Leary was named as executive chairman. \n</p>\n<p>\n  DMC Global owns and operates asset-light manufacturing businesses that serve the architectural building products, global energy, and global industrial infrastructure and transportation sectors. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 21, 2024 18:04 ET (22:04 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然氣設備與服務","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477971810","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477971810","pubTimestamp":1729548240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of DMC Global were trading below recent 52-week lows in the after-hours market following cuts to third-quarter sales guidance.The company also said Monday as part of its strategic review process it is no longer actively marketing its DynaEnergetics and NobelClad businesses.After the bell, the company's shares were trading 21% lower, at $10.18. The stock hit a 52-week low of $10.45 on Sept. 11.Shares ended the day's regular session basically flat, at $12.93.DMC said third-quarter sales are now expected to be about $152 million, below prior guidance of a range between $158 million and $168 million. The results reflect weaker-than-expected results at Arcadia Products and DynaEnergetics, DMC said.Third-quarter results will include about $5 million in inventory and bad debt charges at DynaEnergetics and lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics, according to DMC.Also on Monday, DMC said David Aldous has stepped down as independent chairman an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4179":"石油天然气设备与服务","BOOM":"DMC Global"},"translate_title":"指引下调后DMC Global股价跌破52周低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOOM":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Shares of DMC Global were trading below recent 52-week lows in the after-hours market following cuts to third-quarter sales guidance. \n\n\n  The company also said Monday as part of its strategic review process it is no longer actively marketing its DynaEnergetics and NobelClad businesses. \n\n\n  After the bell, the company's shares were trading 21% lower, at $10.18. The stock hit a 52-week low of $10.45 on Sept. 11. \n\n\n  Shares ended the day's regular session basically flat, at $12.93. \n\n\n  DMC said third-quarter sales are now expected to be about $152 million, below prior guidance of a range between $158 million and $168 million. The results reflect weaker-than-expected results at Arcadia Products and DynaEnergetics, DMC said. \n\n\n  Third-quarter results will include about $5 million in inventory and bad debt charges at DynaEnergetics and lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics, according to DMC. \n\n\n  Also on Monday, DMC said David Aldous has stepped down as independent chairman and has left the board. Director James O'Leary was named as executive chairman. \n\n\n  DMC Global owns and operates asset-light manufacturing businesses that serve the architectural building products, global energy, and global industrial infrastructure and transportation sectors. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 21, 2024 18:04 ET (22:04 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}