DMC Global Inc. Files Q3 2024 10-Q

TL;DR

DMC Global's Q3 2024 10-Q is in - check financials for performance update.

AI Summary

DMC Global Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity. Specific financial figures and operational details are presented within the report, which is crucial for investors and stakeholders to assess the company's current standing.

Why It Matters

This 10-Q filing provides a detailed look at DMC Global's financial health and operational performance for the third quarter of 2024, informing investment decisions.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, there are inherent risks associated with financial performance and market conditions that could impact the company.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-11-04 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• DMC Global Inc. (company) — Filer of the 10-Q report
• 20240930 (date) — End of the reporting period
• 20241104 (date) — Filing date
• 0000034067 (company) — Central Index Key for DMC Global Inc.
• 3390 (industry_code) — Standard Industrial Classification for Miscellaneous Primary Metal Products

FAQ

Key Financial Figures

• $0.05 — ange on which registered Common Stock, $0.05 Par Value BOOM The Nasdaq Global Selec

Filing Documents

• boom-20240930.htm (10-Q) — 1705KB
• boom-exx311_q3x09302024.htm (EX-31.1) — 14KB
• boom-exx312_q3x09302024.htm (EX-31.2) — 14KB
• boom-exx321_q3x09302024.htm (EX-32.1) — 7KB
• boom-exx322_q3x09302024.htm (EX-32.2) — 7KB
• 0000034067-24-000156.txt ( ) — 7293KB
• boom-20240930.xsd (EX-101.SCH) — 40KB
• boom-20240930_cal.xml (EX-101.CAL) — 76KB
• boom-20240930_def.xml (EX-101.DEF) — 193KB
• boom-20240930_lab.xml (EX-101.LAB) — 579KB
• boom-20240930_pre.xml (EX-101.PRE) — 388KB
• boom-20240930_htm.xml (XML) — 1037KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1 Condensed Consolidated Financial Statements 4 Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Comprehensive ( L oss) Income for the three and nine months ended September 30, 2024 and 2023 (unaudited) 6 Condensed Consolidated Statements of Stockholders' Equity and Redeemable Noncontrolling Interest for the three and nin e m onths ended September 30, 2024 and 2023 (unaudited) 7 Condensed Consolidated Statements of Cash Flows for the nine m onths ended S e ptember 30, 2024 and 2023 (unaudited) 9 Notes to Condensed Consolidated Financial Statements (unaudited) 10 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3 Quantitative and Qualitative Disclosure about Market Risk 41 Item 4

Controls and Procedures

Controls and Procedures 41

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 42 Item 1A

Risk Factors

Risk Factors 42 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3 Defaults Upon Senior Securities 43 Item 4 Mine Safety Disclosures 43 Item 5 Other Information 43 Item 6 Exhibits 44

Signatures

Signatures 44 3 Table of Contents

- FINANCIAL INFORMATION

Part I - FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

ITEM 1. Condensed Consolidated Financial Statements DMC GLOBAL INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in Thousands, Except Share and Per Share Data) September 30, 2024 December 31, 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 14,511 $ 31,040 Marketable securities — 12,619 Accounts receivable, net of allowance for doubtful accounts of $ 6,933 and $ 1,955 , respectively 110,996 106,205 Inventories 165,636 166,712 Prepaid expenses and other 16,734 10,236 Total current assets 307,877 326,812 Property, plant and equipment 233,978 223,683 Less - accumulated depreciation ( 104,304 ) ( 94,416 ) Property, plant and equipment, net 129,674 129,267 Goodwill — 141,725 Purchased intangible assets, net 179,380 195,260 Deferred tax assets 1,750 6,738 Other assets 83,329 84,693 Total assets $ 702,010 $ 884,495 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 55,883 $ 40,202 Accrued expenses 12,568 10,830 Accrued income taxes 16,616 12,810 Accrued employee compensation and benefits 11,569 16,918 Contract liabilities 21,263 21,621 Current portion of long-term debt 2,500 15,000 Other current liabilities 9,650 9,080 Total current liabilities 130,049 126,461 Long-term debt 71,715 100,851 Deferred tax liabilities 1,702 1,956 Other long-term liabilities 54,940 57,172 Total liabilities 258,406 286,440 Commitments and contingencies (Note 13) Redeemable noncontrolling interest 187,080 187,760 Stockholders' equity Preferred stock, $ 0.05 par value; 4,000,000 shares authorized; no issued and outstanding shares — — Common stock, $ 0.05 par value; 50,000,000 shares authorized; 20,797,744 and 20,467,495 shares issued, respectively 1,040 1,023 Additional paid-in capital 307,331 313,833 Retained earnings — 146,604 Other cumulative comprehensive loss ( 26,108 ) ( 26,426 ) Treasury stock, at cost, and company stock held for deferred compensation,

View Full Filing

View this 10-Q filing on SEC EDGAR