Boulder, CO, United States
Boulder, CO, United States

Dynamic Materials Corporation is a metalworking business. The company operates in two segments, explosive metalworking and aerospace. The explosive metalworking segment utilizes explosives to perform metal cladding and shock synthesis. Its principal product is an explosion welded clad metal plate, which is used in the construction of heavy, corrosion-resistant pressure vessels, and heat exchangers for petrochemical, refining, and hydrometallurgy industries. The Aerospace segment provides welding services principally to the commercial and military aircraft engine markets, and to the power generation industry. Dynamic Materials Corporation was incorporated in Colorado in 1971. It was formerly known as Explosive Fabricators Inc. The company is headquartered in Boulder, Colorado. Wikipedia.


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News Article | December 1, 2016
Site: www.24-7pressrelease.com

GREENWICH, CT, December 01, 2016-- Gerard E. Munera has been included in Marquis Who's Who. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.Drawing upon some 50 years of experience in business and finance, Mr. Munera is widely regarded for his ability to lead companies to continued success. Since the 1960s, Mr. Munera has enjoyed a variety of positions in Latin America, the United States, France, Belgium, and England. He began his career upon graduating in 1956 from the French premiere Ecole Polytechnique in Paris, and then went on to receive a CE degree from Ecole des Ponts et Chaussees, also in Paris. Within two short decades, he rose to the position of president and chief executive officer with Howmet Aluminum Corporation in Greenwich, and then to corporate vice president of nuclear fuels and electrothermal industries with Pechiney. He relocated to Belgium in 1984 as chief executive officer of Union Miniere. He recently celebrated 20 years as the managing director of the Synergex Group, a diversified company with investments in securities, mining and high tech. In addition, he also served as a member of the board of directors with Nevsun Resources Ltd., a chairman with Dynamic Materials Corporation., Inc. and an executive chairman with Arcadia Inc.Throughout the course of his career, Mr. Munera has been featured in a wide variety of honors publications in recognition of his business acumen. Since 1985, he has been selected for inclusion in Who's Who in Finance and Business, Who's Who in America, Who's Who in France and Who's Who in the World. Mr. Munera has been awarded the Cross of Officer of the French Legion of Honor and the Veterans Medal.About Marquis Who's Who :Since 1899, when A. N. Marquis printed the First Edition of Who's Who in America , Marquis Who's Who has chronicled the lives of the most accomplished individuals and innovators from every significant field of endeavor, including politics, business, medicine, law, education, art, religion and entertainment. Today, Who's Who in America remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms around the world. Marquis now publishes many Who's Who titles, including Who's Who in America , Who's Who in the World , Who's Who in American Law , Who's Who in Medicine and Healthcare , Who's Who in Science and Engineering , and Who's Who in Asia . Marquis publications may be visited at the official Marquis Who's Who website at www.marquiswhoswho.com


News Article | November 16, 2016
Site: www.marketwired.com

BOULDER, CO--(Marketwired - Nov 16, 2016) - DMC Global Inc. (formerly Dynamic Materials Corporation) ( : BOOM), today announced John E. Scheatzle Jr. has been appointed president of the Company's NobelClad explosion welding business. Mr. Scheatzle joins NobelClad after 19 years with Materion, an integrated manufacturer of advanced materials for the industrial and consumer products sectors. Mr. Scheatzle spent eight years with Materion's Performance Alloys division, and most recently was its vice president and general manager. He was responsible for North American production facilities and the company's international sales and distribution centers. Mr. Scheatzle also had oversight of the business' sales and marketing; research and development; manufacturing; quality; and environmental, health and safety functions. While leading Performance Alloys, he directed a series of research and development initiatives that strengthened the division's product-development pipeline. He also reorganized the sales and marketing team to enhance its business development effectiveness. Before his tenure with Performance Alloys, Mr. Scheatzle was general manager of Materion's Ceramic Products division. He also spent seven years with consulting firm Accenture, where he was senior manager and worked with clients in the consumer products, chemicals manufacturing, and metals industries. Kevin Longe, president and CEO of DMC Global, said, "John's industry expertise and proven track record running a global performance metals business make him ideally suited to lead our NobelClad business. NobelClad has established very talented sales and marketing, operations, and finance teams, and I am confident John's leadership skills will prove highly complementary as the organization pursues a range of geographic growth opportunities and expands the industrial applications for NobelClad's specialized products." Mr. Scheatzle received a master of business administration with a concentration in marketing and manufacturing from Case Western Reserve University. He earned a bachelor of science in business administration from the University of Akron. About DMC Global Based in Boulder, Colorado, DMC operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com.


News Article | February 22, 2017
Site: www.marketwired.com

BOULDER, CO--(Marketwired - Feb 22, 2017) - DMC Global Inc. (formerly Dynamic Materials Corporation) ( : BOOM) will announce its 2016 fourth quarter financial results after the stock market closes on Thursday, March 9, 2017. Following the earnings release, executive management will host a conference call and simultaneous webcast. The conference call will begin at 5 p.m. Eastern (3 p.m. Mountain) and will be accessible by dialing 877-407-0778 (201-689-8565 for international callers). No passcode is necessary. A telephonic replay will be available through March 16, 2017, by calling 877-481-4010 (919-882-2331 for international callers) and entering the Conference ID #10249. Investors are invited to listen to the webcast live via the Internet at: http://www.investorcalendar.com/IC/CEPage.asp?ID=175652 The webcast also will be available on the Investor page of DMC's website, located at: www.dmcglobal.com/investors. A replay of the webcast will be available for 90 days. For additional information, please contact Geoff High at 303-604-3924. About DMC Global Inc. Based in Boulder, Colorado, DMC operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com.


News Article | December 19, 2016
Site: www.marketwired.com

BOULDER, CO--(Marketwired - Dec 19, 2016) - DMC Global Inc. (formerly Dynamic Materials Corporation) ( : BOOM), today announced its board of directors has declared a quarterly cash dividend of $0.02 per share. The dividend is payable on January 16, 2016, to shareholders of record as of December 31, 2016. About DMC Based in Boulder, Colorado, DMC operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com.


News Article | December 23, 2016
Site: www.marketwired.com

BOULDER, CO--(Marketwired - Dec 23, 2016) - DMC Global Inc. (formerly Dynamic Materials Corporation) ( : BOOM) reported the correct payment date of its recently declared quarterly cash dividend of $0.02 per share is January 16, 2017, to shareholders of record as of December 31, 2016. A previous announcement cited the payment date as January 16, 2016. About DMC Based in Boulder, Colorado, DMC operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com.


News Article | November 17, 2016
Site: www.marketwired.com

BOULDER, CO--(Marketwired - Nov 17, 2016) - DMC Global (formerly "Dynamic Materials Corporation") ( : BOOM), today announced its board of directors has elected Peter Rose as an independent director. Mr. Rose is a senior advisor to Blackstone, the world's largest alternative asset manager. From 2007 to 2016, he was a senior managing director with Blackstone, and served as its global head of public affairs. Mr. Rose also spent 20 years with Goldman Sachs, where he was a managing director and held a variety of senior positions in government relations and media relations in Washington, DC, New York and Hong Kong. Mr. Rose currently is vice chairman of Sard Verbinnen, one of the leading strategic communications firms in the United States. From 1983 to 1987 he was chief of staff to Congressman Mike Synar (D-Okla) and a partner with the law firm of Williams and Jensen in Washington, DC. Gerard Munera, DMC's chairman, said, "Peter's extensive experience with world-leading financial, investment banking and strategic communications firms will prove extremely valuable to DMC's board. We are pleased to welcome him as an independent director, and look forward to his perspectives and contributions as DMC pursues its global growth initiatives." Mr. Rose is a graduate of the George Washington University and the Yale Law School. He serves on the national board of the NAACP, where he also was on the search committee for its current CEO. He is married to Alicia Kershaw, CEO of GALLOP NYC, which provides therapeutic horsemanship to people with disabilities. They have three children and live in New York City. About DMC Global Based in Boulder, Colorado, DMC Global operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com


News Article | October 28, 2016
Site: www.marketwired.com

Dynamic Materials Corporation (DMC) ( : BOOM) today reported financial results for its third quarter ended September 30, 2016. Third quarter sales were $36.6 million, down 7% from the third quarter of 2015, and a decline of 12% versus the 2016-second quarter. Sales were 2% below management's forecast due to delivery delays by a subcontractor to DMC's NobelClad business. The delays pushed $2.1 million in NobelClad shipments out of the third quarter. The shortfall was partially offset by a large recurring order from India for oilfield products from DMC's DynaEnergetics business. In 2015, the order was shipped during the second quarter. Third quarter gross margin was 23%, down from 26% in last year's third quarter and 24% in the second quarter. The decline was largely due to widespread pricing pressure within DynaEnergetics' oil and gas end markets. Gross margin was above management's forecasted range of 20% to 22%, reflecting the impact of record sales volumes of the DynaSelect integrated switch detonator, a high-value initiation system from DynaEnergetics. Loss from operations was $2.4 million versus an operating loss of $941,000 in the year-ago third quarter. This year's operating loss included restructuring expense of approximately $373,000, which is primarily related to the termination of a lease for DynaEnergetics' former offices in Austin, Texas. Restructuring charges in the 2015-third quarter were $285,000. Third quarter net loss was $3.1 million, or $0.22 per diluted share, versus a net loss of $4.2 million, or $0.30 per diluted share, in the year-ago third quarter. Adjusted EBITDA* was $1.2 million versus $2.5 million in last year's third quarter. DynaEnergetics Sales at DynaEnergetics were $19.6 million, up 8% from last year's third quarter and up 32% sequentially. Excluding the impact of the recurring India order, sales were down 12% versus the 2015 third quarter and up 8% sequentially. Operating loss was $1.0 million versus operating loss of $655,000 in the comparable year-ago quarter. Adjusted EBITDA was $1.2 million versus $1.1 million in the comparable 2015 quarter. NobelClad NobelClad reported third quarter sales of $16.9 million, down 21% versus last year's third quarter and a 36% decline versus the second quarter. Operating income was $701,000 versus $1.7 million in the 2015 third quarter. Adjusted EBITDA was $1.7 million versus $2.7 million in the third quarter of 2015. NobelClad ended the quarter with an order backlog of $32.9 million versus $34.5 million at the end of the second quarter. Nine-Month Results Consolidated sales for the nine-month period were $118.4 million, down 5% from $125.1 million in the 2015 nine-month period. Gross margin was 24% versus 27% in the same period a year ago. The decline reflects widespread pricing pressure in DynaEnergetics' oil and gas end markets. Operating loss was $3.3 million, which included approximately $1.2 million in restructuring expense, versus a loss from operations of $4.2 million in the comparable year-ago period, which included $3.4 million in restructuring expense. Adjusted EBITDA was $7.5 million versus $9.1 million in last year's nine-month period. DynaEnergetics Nine-month sales at DynaEnergetics were $50.0 million, down 14% from $58.4 million, in last year's nine-month period. Operating loss was $3.0 million versus an operating loss of $201,000 in the comparable year-ago period. Adjusted EBITDA was $3.2 million versus $5.6 million in last year's nine-month period. NobelClad NobelClad reported nine-month sales of $68.4 million, up 3% from $66.7 million at the nine-month mark last year. Operating income was $6.3 million, up from $4.5 million in the comparable year-ago period. Adjusted EBITDA was $9.3 million versus $8.2 million. Management Commentary "After nearly two years of declining well completion activity, the third quarter brought signs of improving demand from customers in DynaEnergetics' North American and international oil and gas markets," said Kevin Longe, president and CEO. "Demand during the quarter was particularly strong for the newest generation of the DynaSelect integrated switch detonator, an intrinsically safe initiating system that is improving customers' well-completion efficiencies and lowering their overall cost of operations. DynaSelect unit sales reached a quarterly record during the third period, increasing 34% sequentially and 19% versus the third quarter of 2015. "DynaEnergetics also saw increased adoption of its DynaStage factory-assembled perforating system. Six wireline companies in the United States and Canada are using DynaStage -- up from four customers at the end of the second quarter -- and several additional service companies are evaluating the system. DynaStage is built around the DynaSelect detonator, which means the factory-assembled perforating system incorporates the same safety and reliability benefits inherent in the initiating system. Additionally, since DynaStage is delivered to the well site pre-assembled, it reduces our customers' reliance on field assembly crews. As the market recovery takes hold, we believe DynaStage will enable wireline companies to quickly address customer demand without having to hire and train full teams of perforating personnel." Longe said despite the upturn in oilfield services activity, pricing remains a challenge across the industry. "We believe the current pricing environment will begin to improve during the first half of 2017, provided the recent recovery in crude oil prices is sustainable and demand for well completion services and products continues to improve. As pricing pressures ease and our new technologies are more broadly adopted, we believe DynaEnergetics is positioned to deliver much improved operating income." Longe continued, "While a recovery in NobelClad's industrial infrastructure markets has yet to take hold, the business continued to advance its global sales and marketing initiatives during the quarter. The improvement in quoting activity we discussed in July continued during the third quarter, but the release of projects by end users has remained sluggish. Many of the recent inquiries relate to projects in the chemical and aluminum markets. We believe NobelClad is well positioned to capture a meaningful share of these prospective orders when they are ultimately released for construction. "We have remained focused on strengthening DMC's balance sheet and positioning the Company for improved free cash flow generation. During the third quarter, we reduced our net debt position (lines of credit less cash and cash equivalents) by 47% sequentially, and by 65% versus the end of 2015. "Despite a very challenging environment, we have made significant progress on our primary strategic objectives, which include strengthening our financial position, increasing our market share, and investing aggressively in new products, technologies and market development initiatives that will improve our profitability and competitive strength over the long term." Guidance Michael Kuta, chief financial officer, said, "We are forecasting that 2016 full-year sales will be down 7% to 9% versus the $166.9 million we reported in 2015. Our prior forecast was for a decline of 5% to 7%. The revision relates to expected weaker sales at NobelClad, and anticipated slower than normal customer activity during the holiday season at DynaEnergetics. Expectations for full-year gross margin are unchanged at 22% to 24% versus the 25% reported in 2015." "Fourth quarter sales are expected to be down approximately 15% from the 2015 fourth quarter. Gross margin is expected in a range of 20% to 22% versus the 23% we reported in last year's fourth quarter. The $9.5 million in selling, general and administrative expense we reported in the third quarter was above our $9.0 million forecast, due primarily to higher outside legal fees. During the fourth quarter, SG&A is expected to total approximately $9.5 million, while amortization expense is anticipated to be approximately $1.0 million." Conference call information Management will hold a conference call to discuss these results today at 5:00 p.m. Eastern (3:00 p.m. Mountain). Investors are invited to listen to the call live via the Internet at: http://www.investorcalendar.com/IC/CEPage.asp?ID=175389, or by dialing 877-407-0778 (201-689-8565 for international callers). No passcode is necessary. Webcast participants should access the website at least 15 minutes early to register and download any necessary audio software. A replay of the webcast will be available for 90 days and a telephonic replay will be available through November 4, 2016, by calling 877-481-4010 (919-882-2331 for international callers) and entering the Conference ID #10114. *Use of Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP (generally accepted accounting principles) financial measure used by management to measure operating performance. Non-GAAP results are presented only as a supplement to the financial statements based on U.S. generally accepted accounting principles (GAAP). The non-GAAP financial information is provided to enhance the reader's understanding of DMC's financial performance, but no non-GAAP measure should be considered in isolation or as a substitute for financial measures calculated in accordance with GAAP. Reconciliations of the most directly comparable GAAP measures to non-GAAP measures are provided within the schedules attached to this release. EBITDA is defined as net income plus or minus net interest plus taxes, depreciation and amortization. Adjusted EBITDA excludes from EBITDA stock-based compensation, restructuring and impairment charges and, when appropriate, other items that management does not utilize in assessing DMC's operating performance (as further described in the attached financial schedules). None of these non-GAAP financial measures are recognized terms under GAAP and do not purport to be an alternative to net income as an indicator of operating performance or any other GAAP measure. Management uses these non-GAAP measures in its operational and financial decision-making, believing that it is useful to eliminate certain items in order to focus on what it deems to be a more reliable indicator of ongoing operating performance. As a result, internal management reports used during monthly operating reviews feature the adjusted EBITDA. In addition, during 2014 DMC management incentive awards were based, in part, on the amount of adjusted EBITDA achieved during the year. Management also believes that investors may find non-GAAP financial measures useful for the same reasons, although investors are cautioned that non-GAAP financial measures are not a substitute for GAAP disclosures. EBITDA and adjusted EBITDA are also used by research analysts, investment bankers and lenders to assess operating performance. For example, a measure similar to EBITDA is required by the lenders under DMC's credit facility. Because not all companies use identical calculations, DMC's presentation of non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. However, these measures can still be useful in evaluating the company's performance against its peer companies because management believes the measures provide users with valuable insight into key components of GAAP financial disclosures. For example, a company with greater GAAP net income may not be as appealing to investors if its net income is more heavily comprised of gains on asset sales. Likewise, eliminating the effects of interest income and expense moderates the impact of a company's capital structure on its performance. All of the items included in the reconciliation from net income to EBITDA and adjusted EBITDA are either (i) non-cash items (e.g., depreciation, amortization of purchased intangibles and stock-based compensation) or (ii) items that management does not consider to be useful in assessing DMC's operating performance (e.g., income taxes, restructuring and impairment charges). In the case of the non-cash items, management believes that investors can better assess the company's operating performance if the measures are presented without such items because, unlike cash expenses, these adjustments do not affect DMC's ability to generate free cash flow or invest in its business. For example, by adjusting for depreciation and amortization in computing EBITDA, users can compare operating performance without regard to different accounting determinations such as useful life. In the case of the other items, management believes that investors can better assess operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance. About DMC Based in Boulder, Colorado, DMC operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com. Safe Harbor Language Except for the historical information contained herein, this news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including fourth quarter and full-year 2016 guidance on sales and gross margin, guidance on SG&A and amortization expense for the fourth quarter, the benefits of DynaStage to our customers and expectations about DynaStage's future market position, expectations regarding price improvements during 2017 and impacts on operating income, NobelClad's ability to capitalize on quoting activity and our progress towards long-term improved profitability and competitive strength. Such statements and information are based on numerous assumptions regarding present and future business strategies, the markets in which we operate, anticipated costs and ability to achieve goals. Forward-looking information and statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results and performance to be materially different from those expressed or implied by such forward-looking information and statements, including but not limited to: our ability to realize sales from our backlog; our ability to obtain new contracts at attractive prices; the execution of purchase commitments by our customers, and our ability to successfully deliver on those purchase commitments; the size and timing of customer orders and shipments; product pricing and margins, fluctuations in customer demand; our ability to successfully execute and capitalize upon growth opportunities; the success of DynaEnergetics' product and technology development initiatives; fluctuations in foreign currencies, changes to customer orders; the cyclicality of our business; competitive factors; the timely completion of contracts; the timing and size of expenditures; the timing and price of metal and other raw material; the adequacy of local labor supplies at our facilities; current or future limits on manufacturing capacity at our various operations; the availability and cost of funds; and general economic conditions, both domestic and foreign, impacting our business and the business of the end-market users we serve; as well as the other risks detailed from time to time in the Company's SEC reports, including the annual report on Form 10-K for the year ended December 31, 2015. We do not undertake any obligation to release publicly revisions to any forward-looking statement, including, without limitation, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.


Trademark
Dynamic Materials Corporation | Date: 2013-07-14

Explosion-bonded clad metals. Welding services, namely explosion welding.


Trademark
Dynamic Materials Corporation | Date: 2016-10-05

Explosion-bonded clad metals. Equipment and machines for oil extraction from oil fields, namely, hollow carrier and through-tubing gun systems comprising perforating guns, spacer hardware, perforating power tools and accessories used therewith sold as a unit. Electronic apparatus, instruments and installations consisting thereof, namely, electronic controllers and control systems for ignition and/or explosion processes for use in oil exploration; electric and electronic ignition systems; fuse wire for use in ignition and/or explosion processes in oil exploration; measuring devices for detonators and ignition systems, namely, a surface tester for testing a fully assembled perforating gun assembly; transducers for recording shock waves; remote control transmitter for radio-controlled devices; switching strips and other electronic control and regulation components for use with detonators and ignition systems; programming, control and measuring apparatus for detonators, namely, programmable electronic controllers for use with detonators; electronic and electric ignition systems in particular for explosives and detonating plugs. Explosives, initiators and detonators, namely, shaped charges, detonating cords and boosters, high-temperature and pressure resistant detonators, detonator igniter, percussion and electronic initiators for use in the oil and gas industry; explosive separation tools for downhole use in the oil and gas industry, namely, oil well shooting explosives; shaped charges having an energetic liner for use in perforating guns in wells, namely, an explosive device to complete wells in the oil and gas industry; oil well shooting explosives; oil well perforating explosives. Explosion welding of clad metals.


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