DMC Global Inc. (BOOM) Form 10-Q — Oct 27, 2026
DMC Global (BOOM) posted a strong Q3 2026 turnaround: net sales rose 14% YoY to $172.8M, net income swung to $12.1M from a $2.1M loss, and diluted EPS was $0.59 vs $(0.10) a year earlier. Gross margin expanded to 26.9% from 21.7%, helped by $5.4M of tariff refunds at DynaEnergetics, with Arcadia Products sales +25% and NobelClad +38%. The central open risk is the Arcadia Products Put Option, exercisable since September 6, 2026 and not yet exercised, under which the 40% minority holder can sell its stake (carrying value $187.1M; Floor Value $467.7M for 100%).
Key figures
- Eps
- 0.59
- Revenue
- 172825000
- Net Income
- 12071000
- Total Debt
- 51674000
- Revenue Yoy
- 14%
- Total Assets
- 660787000
- Cash Position
- 37957000
- Shares Outstanding
- 20540949
- Net debt
- 13717000
- Leverage ratio
- 1.41x vs 3.0x max
- Q3 gross margin
- 26.9% vs 21.7% prior year
- Nobelclad backlog
- 72361000
- Q3 2025 net sales
- 151532000
- Nine month revenue
- 465373000
- German tax expense Q3
- 543000
- Nine month net income
- 7278000
- Arcadia floor value 100pct
- 467700000
- Put option promissory note
- 24902000
- Tariff refunds Dyna Energetics
- 5425000
- Adjusted EBITDA attributable Q3
- 19014000
- Operating cash flow nine months
- 7170000
- Redeemable noncontrolling interest
- 187080000
- Dyna Energetics customer concentration
- 20% of Q3 consolidated net sales
AI analysis
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