Energy, Utilities & Water  August 5, 2022

DMC Global posts 222% earnings growth in Q2

BROOMFIELD — DMC Global Inc. (Nasdaq: BOOM) grew its earnings by 222% year-over-year in the second quarter of 2022, the company reported Friday.

DMC increased its earnings to $5.55 million from $1.72 million in the second quarter of 2021.

DMC, which provides niche construction services to energy companies, increased its revenue by 153%, to $165.8 million from $65.4 million a year ago.

Operating expenses were also up 109%, to $29.3 million from $14 million. 

BROOMFIELD — DMC Global Inc. (Nasdaq: BOOM) grew its earnings by 222% year-over-year in the second quarter of 2022, the company reported Friday.

DMC increased its earnings to $5.55 million from $1.72 million in the second quarter of 2021.

DMC, which provides niche construction services to energy companies, increased its revenue by 153%, to $165.8 million from $65.4 million a year ago.

Operating expenses were also up 109%, to $29.3 million from $14 million.