Dynamic Materials Corporation (DMC) Rise 24 Percent
Dynamic Materials Corporation (DMC) (NasdaqGS:BOOM - News), a leading provider of explosion-welded clad metal plates, today reported financial results for its second quarter ended June 30, 2007.
Second quarter sales increased 24% to $34.5 million from $27.8 million in the second quarter last year. Second quarter gross margin was 35% versus 36% in the comparable year-ago quarter. Income from operations increased 12% to $8.8 million from $7.8 million in the second quarter last year. Net income increased 13% to $5.7 million, or $0.46 per diluted share, from $5.0 million, or $0.41 per diluted share, in the second quarter last year.
Explosive Metalworking
The Company's Explosive Metalworking segment reported second quarter sales of $33.1 million, up 24% from $26.6 million in the second quarter last year. Second quarter operating income increased 17% to $9.0 million from $7.7 million in the comparable year-ago quarter. Order backlog at the end of the second quarter was a record $84.7 million, an increase of 62% from the backlog reported at the end of last year's second quarter, and up 25% from the end of this year's first quarter.
Second quarter sales increased 24% to $34.5 million from $27.8 million in the second quarter last year. Second quarter gross margin was 35% versus 36% in the comparable year-ago quarter. Income from operations increased 12% to $8.8 million from $7.8 million in the second quarter last year. Net income increased 13% to $5.7 million, or $0.46 per diluted share, from $5.0 million, or $0.41 per diluted share, in the second quarter last year.
Explosive Metalworking
The Company's Explosive Metalworking segment reported second quarter sales of $33.1 million, up 24% from $26.6 million in the second quarter last year. Second quarter operating income increased 17% to $9.0 million from $7.7 million in the comparable year-ago quarter. Order backlog at the end of the second quarter was a record $84.7 million, an increase of 62% from the backlog reported at the end of last year's second quarter, and up 25% from the end of this year's first quarter.
Labels: DMC, Dynamic Materials Corporation
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