Boulder-based DMC Global posts record sales in second quarter
BOULDER — DMC Global Inc. (Nasdaq: BOOM) on Thursday reported a record for quarterly sales, posting revenue of $80.9 million for its second quarter that ended June 30, up 71 percent compared with the same period a year ago.
The Boulder-based firm manufactures explosion-welded clad metal plates, which are used to make equipment used in a variety of industries, including oil and gas.
The improvement was due to better-than-expected results at DynaEnergetics, DMC’s oilfield products business, which continues to benefit from increased well completion activity in North America’s oil and gas sector, and strong demand…
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