Brief: Dmc Global Reports First Quarter Financial Results

Dmc Global

23/04/2020 22:18

April 23 (Reuters) - DMC Global Inc  BOOM.O :
    * DMC GLOBAL REPORTS FIRST QUARTER FINANCIAL RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $0.35
    * Q1 EARNINGS PER SHARE $0.28
    * Q1 SALES $73.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$73.7
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES
DATA
    * QTRLY ADJUSTED OPERATING INCOME WAS $7.5 MILLION, AND
EXCLUDES
$1.1 MILLION IN RESTRUCTURING EXPENSE
    * $1.1 MILLION IN QTRLY RESTRUCTURING EXPENSE PRIMARILY
RELATES TO
SEVERANCE COSTS ASSOCIATED WITH A WORKFORCE REDUCTION AT
DYNAENERGETICS
    * NOW ANTICIPATE Q2 WELL COMPLETIONS COULD BE DOWN BY MORE
THAN
60%
    * VOLATILITY HAS MADE IT VERY DIFFICULT TO FORECAST
NEAR-TERM
PERFORMANCE
    * NOT ISSUING FINANCIAL GUIDANCE FOR Q2 OR FULL YEAR

Source text for Eikon:  ID:nGNX9HP9g4 
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