DMC Global : Presentation Q1 2026

Published: 2026-04-30 18:40:28 ET BOOM

Published on 04/30/2026 at 06:40 pm EDT

First Quarter 2026 Earnings Presentation April 30, 2026

ARCADIA PRODUCTS' EXTERIOR ALUMINUM FRAMING SYSTEMS USED IN PINAL COUNTY ATTORNEY OFFICE BUILDING - PINAL COUNTY, AZ

AGENDA

Opening Remarks & Business-Level Update

James O'Leary - CEO

Financial Results & Guidance

Eric Walter - CFO

Questions and Answers

EXPLOSIVE SHAPED CHARGES ARE CRITICAL COMPONENTS IN WELL PERFORATING SYSTEMS FROM DYNAENERGETICS

ELECTRICAL TRANSITION JOINTS FROM NOBELCLAD

Consolidated sales were $135.6 million, down 15% vs Q1 '25 and down 6% sequentially

YoY decline reflects lower sales volumes in longer-cycle commercial and high-end residential markets at Arcadia Products, lower sales volumes and a decrease in pricing due to a highly competitive core North American market at DynaEnergetics, and the timing of large project shipments out of backlog and lower activity levels due in part to the impact of evolving tariff policies at NobelClad

Net loss attributable to DMC was $(6.1) million, while total net loss was

$(6.8) million

Adjusted net loss attributable to DMC* was $(5.7) million, or $(0.28), per diluted share

Adjusted EBITDA attributable to DMC* was $3.9 million

*Non-GAAP measure. See explanation on page 2.

2026 First Quarter Earnings Presentation

$ In Millions

Q1 ' 25 Q4 '25 Q1 ' 26

56.7

57.0

65.6

59.5

68.9

65.6

$136

19.3

$144

17.7

$159

28.2

$180

$150

$120

$90

$60

$30

Sales

-$5

$ In Millions

Q1 ' 26

1.6

-1.6

Q4 '25

Q1 ' 25

$5 / 4.0%

1.6

3.9

$0 / 0.0%

14.4

$10

$18 / 11.4%

3.7

$20

$15

Adjusted EBITDA / % of Sales

YoY consolidated net sales down 15% due to a decrease at all three business segments resulting primarily from: (1) lower sales volumes at Arcadia and DynaEnergetics and (2) timing of large project shipments out of backlog at NobelClad

YoY adjusted EBITDA decline largely attributable to lower volumes and competitive pricing environments at all three business segments and tariff-related cost increases at DynaEnergetics

2026 First Quarter Earnings Presentation

Arcadia

DynaEnergetics

NobelClad

Sales

$80

$60

$40

$20

$ In Millions

$66

$57

Q1 ' 25

Q4 '25

Q1 ' 26

Sales

$80

$60

$40

$20

$66

$69

$60

Q1 ' 25 Q4 '25 Q1 ' 26

$ In Millions

Sales

$30

$20

$10

$28

$18

$19

$ In Millions

Q1 ' 25

Q4 '25

Q1 ' 26

Adj. EBITDA / Percent of Sales

$10

$9 / 14.2%

3.7

5.6

$ In Millions Q1 ' 25

$4 / 7.1%

1.6

2.4

$4 / 6.9%

1.6

2.3

Q4 '25

Q1 ' 26

Adj. EBITDA / Percent of Sales

$10

$7 / 11.3%

$(3) / (4.0)%

$3 / 4.6%

-$5

$ In Millions

Q1 ' 25

Q4 '25

Q1 ' 26

Adj. EBITDA / Percent of Sales

$5 / 19.2%

$2 / 11.9% $2 / 9.8%

$ In Millions

Q1 ' 25

Q4 '25

Q1 ' 26

Adj. EBITDA margin contraction in YoY and QoQ periods reflect impact of highly competitive

bidding environment that has pressured

pricing, coupled with higher input costs, most notably aluminum

Q4 2025 adjusted EBITDA impacted by approximately $7 million in discrete accounts receivable and inventory charges

YoY contraction reflects tariff-related cost increases

YoY sales decrease reflects timing of large project orders out of backlog and lower bookings due in part to tariffs

Adj. EBITDA margin contraction in YoY and QoQ periods due to reduced manufacturing cost absorption from lower sales and a less favorable product mix

Total Debt(2)(3) Net Debt

$160(1)

$140

$120

$100

$80

$60

$40

$20

Q1 '22

Q2 '22

Q3 '22

Q4 '22

Q1 '23

Q2 '23

Q3 '23

Q4 '23

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4'25

Q1'26

(1) Amounts in millions

(2) Net of deferred financing costs

(3) Total debt does not include a potential $162.2 million (net of a bridge loan) obligation to the holder of the 40% non-controlling interest (NCI) in Arcadia Products.

This obligation is associated with a put/call option on the NCI, whereby the call option is exercisable by DMC at any time, and the put option is exercisable no earlier than September 6, 2026. The call option must be settled with 100% cash, and the put obligation may be settled with 100% cash, or 20% cash and 80% in shares of a newly designated series of preferred stock that would be authorized at that time.

Measure

Expected Range

DMC Consolidated Sales

$148M - $158M

Adjusted EBITDA attributable to DMC

$6M - $8M

Note: DMC's second quarter guidance does not contemplate increased disruptions in international supply chains, which could

delay shipments by DynaEnergetics into the Middle East, impact the delivery of raw materials and customer orders at NobelClad, and further drive-up aluminum input costs at Arcadia. DMC's guidance is heavily influenced by macroeconomic concerns, volatility and visibility issues created by current tariff policies and the current level of energy prices. It is subject to change either upward or downward as greater clarity emerges.

($000's)

Q1 2026

Long-term debt

$50,204

Current portion of long-term debt

3,750

Less: Cash and cash equivalents

(31,511)

Total net debt

$22,443

Net cash used in operating activities

$(2,379)

Less: Acquisition of property, plant and equipment

(2,110)

Plus: Proceeds from property, plant and equipment reimbursements

847

Total free-cash flow

$(3,642)

($000's)

Q1 2026

Q4 2025

Q1 2025

Net loss (income)

(6,810)

(11,859)

1,863

Interest expense, net

1,461

1,351

1,699

Income tax provision (benefit)

1,221

(800)

2,733

Depreciation

3,715

3,804

3,660

Amortization of purchased intangible assets

4,356

4,763

EBITDA

3,943

(2,741)

14,718

Stock-based compensation

902

1,408

1,563

Restructuring expenses and asset impairments

566

902

325

Strategic review and related expenses

314

1,298

Other expense, net

178

218

Adjusted EBITDA

5,456

18,122

Less: Adjusted EBITDA attributable to redeemable noncontrolling

interest

(1,561)

(1,612)

(3,731)

Adjusted EBITDA attributable to DMC Global Inc.

3,895

(1,551)

14,391

($000's)

Q1 2026

Q4 2025

Q1 2025

Operating (loss) income, as reported

(2,002)

(1,891)

2,996

Adjustments:

Depreciation

1,029

1,017

1,006

Amortization of purchased intangible assets

4,356

4,763

Stock-based compensation

142

237

Restructuring expenses

495

325

Adjusted EBITDA

3,902

4,031

9,327

Less: Adjusted EBITDA attributable to redeemable

noncontrolling interest

(1,561)

(1,612)

(3,731)

Adjusted EBITDA attributable to DMC Global Inc.

2,341

2,419

5,596

($000's)

Q1 2026

Q4 2025

Q1 2025

Operating income (loss), as reported

912

(4,626)

5,588

Adjustments:

Depreciation

1,763

1,886

1,791

Restructuring expenses

Adjusted EBITDA

2,746

(2,740)

7,379

($000's)

Q1 2026

Q4 2025

Q1 2025

Operating income, as reported

1,052

1,279

4,622

Adjustments:

Depreciation

841

823

794

Adjusted EBITDA

1,893

2,102

5,416

($MM except per share amounts)

Amount

Per Share (1)

Amount

Per Share (2)

Amount

Per Share (3)

Q1 2026

Q4 2025

Q1 2025

Net (loss) income attributable to DMC Global Inc.

$(6.1)

$(0.30)

$(11.2)

$(0.56)

$0.7

$0.03

Restructuring expenses and asset impairments, net of tax

$0.4

$0.02

$0.9

$0.05

$0.2

$0.01

Strategic review and related expenses, net of tax

$0.3

$0.01

$1.3

$0.07

As adjusted

$(5.7)

$(0.28)

$(10.0)

$(0.50)

$2.2

$0.11

Calculated using diluted weighted average shares outstanding of 20,066,158

Calculated using diluted weighted average shares outstanding of 19,998,353

Calculated using diluted weighted average shares outstanding of 19,816,281

2026 First Quarter Earnings Presentation

Disclaimer

DMC Global Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 22:31 UTC.