Earnings Releases·Oct 27, 2026, 4:06 PM ET

DMC Global — Q3 2026 Earnings Summary

Consolidated sales reached $172.8 million (up 14% YoY, 10% QoQ), with net income turning to $9.7 million ($0.59/share) from a $3.1 million loss in Q3 2025; adjusted EBITDA surged 122% YoY to $19.0 million, or $13.6 million excluding $5.4 million in tariff refunds.
Net debt declined to $13.7 million, the lowest level since the December 2021 Arcadia acquisition, supported by $37.9 million in cash and $17.5 million in operating cash flow.
Q4 2026 guidance projects sales of $154–$164 million and adjusted EBITDA of $10–$13 million, reflecting seasonal moderation at Arcadia, planned facility maintenance, and headwinds from rising rates and aluminum costs.
Segment performance was driven by Arcadia's 25% sales growth, NobelClad's 38% sales increase and $72.4 million backlog, and DynaEnergetics' improved profitability via cost optimization and defense/geothermal contributions.
No dividends, buybacks, or M&A activity were announced; management cited cost initiatives as key to resilience despite volatile end-market conditions and potential supply chain disruptions.