Dynamic Materials Earnings: Everything You Must Know Now

Dynamic Materials Corp. (NASDAQ:BOOM) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Dynamic Materials Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 88.89% to $0.02 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Decreased 7.79% to $46.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dynamic Materials Corp. reported adjusted EPS income of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.09. It beat the average revenue estimate of $45.93 million.

Quoting Management: “First quarter sales came in near the high end of our forecast range, and we made important progress on many of our operational objectives during the quarter,” said Kevin Longe, president and CEO. “Our Nobelclad team recently secured two large explosion welding orders it had been pursuing during the past several quarters. The first came from the chemical industry, and relates to crystallizers and evaporating equipment that will be used in a large potash project in Saskatchewan. The order was valued at $7.4 million and was included in our March 31, 2013 backlog. The second, valued at more than $6.0 million, was received in April and involves upstream equipment for the Wheatstone natural gas project in Australia.”

Key Stats (on next page)…

Revenue decreased 11.84% from $52.52 million in the previous quarter. EPS decreased 90.48% from $0.21 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.29 to a profit $0.21. For the current year, the average estimate has moved down from a profit of $1.09 to a profit of $0.93 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)