DMC Global Inc. (BOOM) Market Cap
DMC Global Inc. has a market capitalization of $106.1M.
Financials based on reported quarter end 2025-12-31
Price: $5.18
▼ -0.17 (-3.18%)
Market Cap: 106.12M
NASDAQ · time unavailable
CEO: James O'Leary
Sector: Energy
Industry: Oil & Gas Equipment & Services
IPO Date: 1989-01-05
Website: https://www.dmcglobal.com
DMC Global Inc. (BOOM) - Company Information
Market Cap: 106.12M · Sector: Energy
DMC Global Inc. provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems. It sells its products through a national in-house sales force for buildings, such as office towers, hotels, education and athletic facilities, health care facilities, government buildings, retail centers, luxury homes, mixed use, and multi-family residential buildings. The DynaEnergetics segment designs, manufactures, markets, and sells perforating systems, including initiation systems, shaped charges, detonating cords, gun hardware, and control panels; and associated hardware for the oil and gas industry. It sells its products through direct selling, distributors, and independent sales representatives. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, and industrial refrigeration industries. It sells its products through direct sales personnel, program managers, and independent sales representatives. The company was formerly known as Dynamic Materials Corporation and changed its name to DMC Global Inc. in November 2016. DMC Global Inc. was founded in 1965 and is headquartered in Broomfield, Colorado.
Analyst Sentiment
Based on 3 ratings
Analyst 1Y Forecast: $8.50
Average target (based on 2 sources)
Consensus Price Target
Low
$9
Median
$9
High
$9
Average
$9
Potential Upside: 64.1%
Price & Moving Averages
Related Companies in Energy
So What?: Management’s tone is mixed—balance sheet progress (net debt down 67% to $18.7M) is repeatedly contrasted with structurally weak operating performance across the portfolio. The hard problem is margins, not volume: Dyna’s unit volume was “as expected,” yet adjusted EBITDA margin was negative 4% and Q4 included ~$7M discrete A/R/inventory write-offs. Arcadia’s gross profitability remains pressured as aluminum costs accelerate (up 55% YoY, +12% sequentially; another +10% QoQ cited in Q&A) while project deferrals and 12-month ABI contraction keep pricing competitive. In guidance, Q1 sales of $132M–$138M and adjusted EBITDA of $2M–$4M signal continued drawdown despite operating leverage efforts; NobelClad is flagged for a “slow start” due to tariff-driven demand erosion. Analyst pressure in Q&A zeroed in on (1) how much is cyclical vs structural and (2) what specifically can be done. Management answered: margins are tariff-and-pricing driven, cost actions are ongoing (“everything is on the table” only for another step-down), and meaningful demand recovery is expected later in 2026, not immediately.
Growth Catalysts
- DynaEnergetics: Enhanced geothermal (EGS) using the same product/sales channels as fracking equipment; teams working with multiple industry players
- DynaEnergetics: Expansion of international shale efforts (South America—Vaca Muerta/Argentina; plus Saudi Arabia and other regions)
- NobelClad: Beneficiary of U.S. Naval Readiness acceleration; potential uplift from increased submarine volume and other naval platforms (pressure vessels/battleships)
Business Development
- NobelClad: Sole-sourced components for nuclear submarines (stated as a key positioning point for naval readiness demand)
- Geothermal: “Number of industry players” working with in EGS (no named counterparties provided)
- International shale: Vaca Muerta (Argentina) cited specifically; Saudi Arabia also cited
Financial Highlights
- Consolidated Q4 sales: $143.5M, down 6% YoY
- Q4 adjusted EBITDA attributable to DMC: negative $1.6M, including ~$7M in discrete accounts receivable and inventory write-offs at DynaEnergetics
- Arcadia (building products) Q4 sales: $57M, down 5% YoY and down 8% sequentially; Q4 adjusted EBITDA margin (pre noncontrolling interest): 7.1% vs 6.2% YoY and 13.8% in Q3
- DynaEnergetics Q4 sales: $68.9M, up 8% YoY and flat sequentially; adjusted EBITDA margin: negative 4% vs 8% YoY and 7.1% in Q3; adjusted EBITDA including ~$7M write-offs: negative $2.7M
- NobelClad Q4 sales: $17.7M, down 38% YoY and down 15% sequentially; adjusted EBITDA margin: ~12% vs 20.6% YoY and ~10% in Q3
- Q4 adjusted net loss attributable to DMC: $9.9M; adjusted loss per share: $0.50
- Liquidity/debt: cash & equivalents ~$32M; total debt $52M (down 28% vs year-end 2024); net debt $18.7M (down 67% vs end of 2024, lowest since 2021 Arcadia acquisition)
- Q4 SG&A: $29.6M (20.6% of sales) vs $25.1M (16.5% of sales) YoY; increase driven by discrete A/R write-offs at Dyna
Capital Funding
- Reduced total debt to $52M (28% decrease vs year-end 2024)
- Reduced net debt to $18.7M (down 67% vs end of 2024)
- Ended Q4 with ~$32M cash & cash equivalents
- No buyback/debt-issuance amounts mentioned in the transcript
Strategy & Ops
- Cost actions: management reiterated “everything is on the table” including potential headcount reductions/spending cuts if another step-down occurs, while emphasizing variable cost optimization already underway
- Tariff operational friction: “reengineering everything a couple of times a year” creating cost impact (explicitly discussed as margin pressure driver)
- Automation: referenced ongoing/previous discussion of automation at DynaEnergetics (no new capex figure disclosed)
Market Outlook
- Q1 2026 guidance: sales expected $132M to $138M
- Q1 2026 guidance: adjusted EBITDA attributable to DMC expected $2M to $4M
- Management expects first quarter to reflect severe weather impacts from first half of the quarter
- Arcadia: project deferrals and lower activity in core West Coast markets expected to continue through at least beginning of the year
- DynaEnergetics: margin pressure from fewer frac crews/pricing environment and higher input costs inflated by tariffs expected to continue into Q1
- NobelClad: slow start to the year; demand erosion post early-2025 tariffs and impact on major orders expected to weigh in early 2026
- Potential recovery timing: recovery/pickup expected back half of the year, possibly as early as Q2 (but not certain)
Risks & Headwinds
- Tariffs/macro uncertainty: explicitly cited tariffs (pre and post “Friday’s turbulence”), Supreme Court ruling review, and White House response; management states Section 232 steel and aluminum tariffs “will remain in place”
- Tariff cash impact: Dyna paid >$3M in tariffs/duties during Q4; paid >$10M since tariffs imposed in February of last year
- Potential tariff relief/refund uncertainty: Supreme Court silent on refunds; company evaluating refunds it may be entitled to
- Price/input squeeze at Arcadia: aluminum input costs up 55% YoY and 12% sequentially; in Q&A, aluminum cost up another 10% QoQ (passed through poorly due to customer pricing power)
- Arcadia competitive bidding environment: Architectural Billing Index in Acadia core Western U.S. region contracted for 12 months; leads to acute price competition and delayed large projects
- Dyna margin compression: unit volume okay but pricing pressure significant; rig count/frac spreads/frac crews down (volumes fine but margins down)
- Dyna A/R/credit risk: Q4 included ~$7M in accounts receivable reserves/write-offs; SG&A increase driven by discrete A/R write-offs
- NobelClad demand erosion: reduced bookings earlier in 2025 due to evolving tariff policies; fixed overhead absorption hit (lower sales)
- Severe weather: stated to affect businesses in first half of Q1
- Interest rate stickiness: persistent high interest rates expected to continue; management described environment as “gloomiest since 2010 and 2011” and noted Los Angeles rebuilding taking longer than anticipated
Sentiment: CAUTIOUS
Note: This summary was synthesized by AI from the BOOM Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"For the year ending December 31, 2025, BOOM reported a revenue of $143.53M with a net loss of $11.80M, resulting in an EPS of -$0.59. The company maintains a robust balance sheet, with total assets of $635.83M and total liabilities of $206.70M, translating to total equity of $429.13M and minimal net debt of $18.75M. Despite posting positive operating cash flow of $15.19M, BOOM does not currently pay dividends and has seen a sharp decline in its market performance, with a 1-year change of -45.36%. The stock price stands at $4.89, significantly below the consensus price target of $8.50, suggesting market skepticism about the company's growth potential and profitability. Given these factors, while BOOM exhibits good cash flow metrics, its current negative earnings and poor market performance indicate challenges ahead. Investors may view the outlook with caution due to ongoing losses and declining share price."
Revenue Growth
Revenue of $143.53M indicates a solid base, but growth trends need to be evaluated.
Profitability
Net loss of $11.80M signifies ongoing challenges in achieving profitability.
Cash Flow Quality
Positive operating cash flow of $15.19M shows resilience despite net losses.
Leverage & Balance Sheet
Strong balance sheet with low net debt and ample equity enhances financial stability.
Shareholder Returns
Significant price decline and no dividends pose negative returns for shareholders.
Analyst Sentiment & Valuation
Market price well below target suggests uncertainty in future performance.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.