- DMC Global ( NASDAQ: BOOM ) said Kevin Longe has stepped down as president and CEO, effective immediately.
- CFO Michael Kuta and Chairman David Aldous have been named interim co-CEOs.
- Kuta will postpone a previously-announced retirement.
- Director Richard Graff has been appointed interim chairman.
- Additionally, the energy company has updated its Q4 guidance, with revenue now expected in a range of $173M to $175M, vs. prior guidance of $158M to $168M. The consensus revenue estimate is $164.5M.
- The company expects Q4 adjusted EBITDA to be at or slightly above the high end of its previously guided range of $15M to $18M.
- BOOM shares were trading ~2% higher pre-market.
- Source: Press Release
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DMC Global CEO steps down, company updates Q4 revenue guidance