- **Balance Sheet Strength**: Net debt reduced 47% to $30.1 million, reflecting disciplined deleveraging.
- **Operational Turnaround**: Arcadia EBITDA doubles YoY to $5.1 million, while NobelClad secures record $25 million order for 2026.
- **Challenges Ahead**: DynaEnergetics faces 1% YoY sales decline and tariff costs, with Q4 EBITDA guidance of $5-8 million.
- **Strategic Focus**: Prioritizing international growth, cost control, and market stabilization amid macroeconomic headwinds.

**【CEO Opening Remarks】**
- **Net Debt Reduction**: Reduced to $30.1 million, down 47% year-over-year, reflecting strong balance sheet management.
- **Consolidated Sales**: $151.5 million (down 1% YoY), with adjusted EBITDA of $8.6 million (up 51% YoY).
- **Arcadia Performance**: Sales $61.7 million (up 7% YoY), EBITDA $5.1 million (double YoY), benefiting from improved operational efficiency.
- **DynaEnergetics Challenges**: Sales $68.9 million (down 1% YoY), EBITDA $4.9 million (up from breakeven YoY), impacted by lower pricing and tariffs.
- **NobelClad Recovery**: Secured $25 million order for 2026 shipment, largest in company history, with backlog up 53% to $57 million.

**【CFO Financial Commentary】**
- **EBITDA Margins**: 7.9% of sales (up from 4.6% YoY), driven by cost control and operational improvements.
- **Liquidity**: $26.4 million cash, total debt $56.5 million (down 20% YoY).
- **Q4 Guidance**: Sales $140-150 million, EBITDA $5-8 million, reflecting headwinds in Dyna and NobelClad.

**【Q&A Highlights】**
- **Tariff Impact**: DynaEnergetics incurred $3 million tariff costs, pricing pushback constrained due to market competition.
- **Order Visibility**: NobelClad's $25 million order to ship in 2H2026, with no near-term U.S. bookings due to policy uncertainty.
- **Market Recovery**: Arcadia expects stabilization with interest rate cuts; DynaEnergetics faces North American market decline (active frac crews down 20% YoY).
- **Self-Help Measures**: Focus on cost containment, international diversification, and operational efficiency across all divisions.

DMC Global Inc. (BOOM) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

BOOM

BOOM fundamentals

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