Energy, Utilities & Water  October 26, 2018

DMC Global records $4.9M profit, soaring revenue in Q3

BOULDER — DMC Global Inc. (Nasdaq: BOOM) recorded net income of $4.9 million in the third quarter ended Sept. 30, compared with a loss of $14.1 million during the same period last year. The profit amounted to 33 cents per diluted share, versus net loss 98 cents  per diluted share in last year’s third quarter.

Revenue totaled $87.9 million, up 68 percent from the third quarter of 2017.

Kevin Longe, DMC’s president and CEO, attributed the strong performance to demand at its DynaEnergetics unit, which services the oilfield-services sector.

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“DynaEnergetics has sold more than 500,000 DynaStage units since launching the product into North America’s unconventional onshore oil and gas industry approximately two years ago,” Longe said in a prepared statement. “It is gratifying to see the transformative impact the system is having on our customers’ well-completion programs.”

BOULDER — DMC Global Inc. (Nasdaq: BOOM) recorded net income of $4.9 million in the third quarter ended Sept. 30, compared with a loss of $14.1 million during the same period last year. The profit amounted to 33 cents per diluted share, versus net loss 98 cents  per diluted share in last year’s third quarter.

Revenue totaled $87.9 million, up 68 percent from the third quarter of 2017.

Kevin Longe, DMC’s president and CEO, attributed the strong performance to demand at its DynaEnergetics unit, which services the oilfield-services sector.

“DynaEnergetics has sold more than 500,000…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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