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.
SPONSORED CONTENT
Solar Operations and Maintenance for Commercial Properties
One key qualification to consider when selecting a solar partner to install your system is whether they have an Operations and Maintenance (O&M) or service department. Since solar is a long-term asset with an expected lifecycle of 30 plus years, ongoing O&M should be considered up front. A trusted O&M partner will maximize your system’s energy output and therefor the return on your investment.
“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…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!