Dynamic Materials Corp. (NASDAQ:BOOM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.78%.
Dynamic Materials Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 22.22% to $0.21 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Decreased 3.24% to $52.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dynamic Materials Corp. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.2. It beat the average revenue estimate of $52.02 million.
Quoting Management: Yvon Cariou, president and CEO, said, “Although global economic conditions during 2012 slowed capital investment activity in our end markets, the year was marked by several strategic achievements that have further strengthened DMC’s structural foundation, as well as its prospects for long-range growth. We enhanced the management teams of all three business segments, established a much stronger foothold in Asia, initiated the construction of major oilfield-product production facilities in Russia and North America, and expanded our customer base and end markets at AMK Welding. Most importantly, the recent selection of Kevin Longe as my successor has ensured that DMC is supported by very strong leadership. I am proud of the selection and transition process we executed during the past year, and could not be more confident in Kevin’s vision for the Company and his skill as a leader. As I’ve said previously, I look forward to working closely with him from my position on the board of directors.”
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