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  • Friday, 23 October 2020

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DMC Global’s sales drop 28% in quarter but beat company’s guidance

Posted 2020-10-24, Daily Camera

Oilfield services provider DMC Global Inc. (Nasdaq: BOOM) had a decidedly mixed quarter.

In its third-quarter earnings release Thursday, the Broomfield company’s total sales of $55.3 million were down 28% from the previous quarter this year and are 45% down from the same quarter last year as the energy industry

"Despite the recent improvement in well completion activity, the environment for North America's unconventional oil and gas industry remains challenging, and most operators and service companies are actively streamlining operations and reducing costs,"
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