DMC Global’s sales steady but short of forecasts

BROOMFIELD – Oilfield services provider DMC Global Inc. (Nasdaq: BOOM) on Friday reported third-quarter sales that were similar to those of the same period last year but fell short of what the company had predicted.

“Our third quarter sales of $172.1 million were comparable to the third quarter of 2022, but below our forecasts,” said Michael Kuta, president and CEO, in a prepared statement. While DMC Global’s adjusted earnings before taxes, interest, depreciation and amortization “was within our forecasted range and we delivered solid free cash flow,” he added, “our sales shortfall was disappointing and was principally due to lower-than-expected top-line…