DMC Global Reports $137.8M In Q1 Revenue ... - Broomfield Enterprise

Skip to content By Tommy Wood | BizWest Media/Prairie Mountain PublishingPUBLISHED: May 6, 2022 at 4:41 PM MDT | UPDATED: May 9, 2022 at 11:13 AM MDTGetting your Trinity Audio player ready...

DMC Global Inc. (Nasdaq: BOOM), which operates in the explosive welding and oil well perforation sectors, reported Friday that it brought it $137.8 million in revenue for the first quarter of 2022.

That represents a 147% year-over-year increase from the first quarter of 2021.

DMC also reported a $3.3 million net loss for the quarter, up 364% year-over-year. Net loss per share was 47 cents.

“DMC’s businesses delivered a solid start to 2022, despite a variety of macro-economic challenges,” said Kevin Longe, DMC president and CEO, in a statement. “We now operate three differentiated and innovative businesses that have built leading positions in their respective industries. I am confident DMC’s prospects for long-term growth and improved returns for our stakeholders have never been stronger.”

DMC expects between $142 million and $152 million in revenue for the full 2022 fiscal year.

This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2022 BizWest Media LLC.

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