BOOM - DMC GlobalEPS of $0.22 revenue of $175.07M beats by $3.84M

• DMC Global press release ( NASDAQ: BOOM ): Q4 EPS of $0.22 may not be comparable to consensus of $0.30.
• Fourth quarter adjusted net income attributable to DMC, inclusive of $2.2 million in non-cash amortization expense for Arcadia purchased intangible assets, was $4.3 million, or $0.22 per diluted share
• Revenue of $175.07M (+143.8% Y/Y) beats by $3.84M .
• Shares +2.2% .
• Fourth quarter sales were up 36% versus pro forma fourth quarter 2021 sales, inclusive of Arcadia
• Kuta said first quarter 2023 consolidated sales are expected in a range of $168 million to $178 million versus the $175.1 million reported in the fourth quarter.
• At the business level, Arcadia is expected to report sales of $70 million to $75 million versus the $74.4 million reported in the fourth quarter.
• Sales at DynaEnergetics are expected in a range of $78 million to $82 million versus the $77.6 million reported in the fourth quarter.
• NobelClad’s sales are expected in a range of $20 million to $21 million versus the $23.1 million reported in the fourth quarter.
• Consolidated gross margin is expected in a range of 27% to 28% versus the 26% reported in the fourth quarter.
• First quarter selling, general and administrative expense is expected in a range of $32 million to $33 million versus the $30.6 million reported in the fourth quarter
• First quarter amortization expense is expected to be $5.8 million versus the $3.8 million reported in the fourth quarter.
• First quarter depreciation expense is expected to be $3.8 million and interest expense is expected to be $2.2 million.
• Annualized effective tax rate is forecasted to be between 28% and 30%.

• First quarter adjusted EBITDA attributable to DMC, after deducting the 40% noncontrolling interest, is expected in a range of $17 million to $21 million versus $19.6 million in the fourth quarter.

  First quarter capital expenditures are expected to be $4 million to $6 million,

• Full-year capital expenditures are expected to be approximately $20 million and will include investments in Arcadia’s ERP system and painting capacity.

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