BOOM - DMC Global Announces Financial Results for Second Quarter

DMC Global Inc. (NASDAQ:BOOM) announced financial results for today’s second quarter ended June 30, 2022. Second-quarter sales were $165.8 million, up 20% sequentially and 153% compared to last year’s period. Arcadia, a leading provider of architectural building goods, contributed to this year’s first and second quarter results. On December 23, 2021, DMC bought a 60% stake in Arcadia.

Excluding Arcadia sales of $76.5 million, second quarter revenues were $89.4 million, up 26% sequentially and 37% compared to the second quarter of 2021. The prices reflect increased demand for well-perforating products from DynaEnergetics, DMC’s energy products division. ...