Dynamic Materials Reports Fourth Quarter and Full-Year Financial Results
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UPDATE: Roth Capital Downgrades Dynamic Materials (BOOM) to Neutral
March 17, 2015 8:51 AM EDT(Updated - March 17, 2015 9:53 AM EDT)
Roth Capital downgraded Dynamic Materials (NASDAQ: BOOM) from Buy to Neutral with a price target of $15.00 (from $25.00). The change follows Q4 results. Analyst Gerry Sweeney said oil headwinds add a layer of uncertainty.
"We are taking a step back for now as oil... More
Dynamic Materials (BOOM) Misses Q4 EPS by 12c; Guides for Lower Sales in 2015
March 16, 2015 4:10 PM EDTDynamic Materials (NASDAQ: BOOM) reported Q4 EPS of $0.06, $0.12 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $52 million versus the consensus estimate of $51.8 million.
Guidance Michael Kuta, chief financial officer, said due to the expected downturn in capital spending by the exploration and production industry, coupled with soft demand from the industrial processing markets and negative foreign currency translations, management is anticipating that consolidated sales for fiscal 2015 will be down 8% to 12% versus the $202.6 million reported in 2014. Full-year gross margin is expected to be in a... More
