DMC Global Inc. reported second-quarter sales of $155.5 million, with a net income of $0.1 million. Adjusted net income was $2.5 million, or $0.12 per diluted share. Adjusted EBITDA was $13.5 million, and total debt reduced by 17% year to date. The company’s Arcadia sales were down 11% year-on-year due to weak high-end residential demand. DynaEnergetics saw a 12% sales decline, while NobelClad’s sales were up 6%.

Looking ahead, DMC Global expects third-quarter sales to be in the range of $142 million to $150 million, with adjusted EBITDA anticipated in a range of $8 million to $12 million. The company faces challenges in the U.S. construction industry and ongoing tariff issues affecting customer purchasing decisions. Management is focused on operational and commercial strategies to navigate market uncertainties. Total debt has been reduced by 17% year to date.

During the past several months, Arcadia focused on rightsizing its residential cost structure and aligning with current market activity while refocusing on core commercial operations. DynaEnergetics reported a 3% increase in adjusted EBITDA compared to the second quarter last year, reflecting cost improvements. NobelClad’s adjusted EBITDA was down 23% from the year-ago period due to a less favorable order mix. Order backlog at NobelClad was $37 million at the end of the second quarter.

DMC Global’s president and CEO, James O’Leary, expressed gratitude to the company’s associates for their dedication amid challenging market conditions. Total debt reduction by 17% year to date and an amended credit facility in June enhance the company’s financial flexibility. The company is preparing for a possible acquisition of the remaining 40% stake in Arcadia in late 2026.

The company’s financial statements show a decline in net income attributable to DMC Global Inc. stockholders, with adjusted net income and adjusted EBITDA reflecting the impact of strategic initiatives and market challenges. The company’s stock trades on Nasdaq under the symbol “BOOM.” Investors can access a webcast of the company’s conference call on the company’s website.

Read more at GlobeNewswire: DMC Global Reports Second Quarter Financial Results