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

Dow Jones

22 Oct 2024

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.

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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. 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