Dynamic Materials (BOOM) Misses Q1 EPS by 4c

Dynamic Materials (NASDAQ: BOOM) reported Q1 EPS of ($0.21), $0.04 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $39 million versus the consensus estimate of $37.85 million.

Michael Kuta, CFO, said second quarter sales are expected to increase 5% to 10% versus the $41.3 million reported in the 2016 second quarter. Gross margin is expected in a range of 27% to 29% versus the 24% reported in last year's second quarter. Selling, general and administrative expense is expected to total approximately $10.5 million, up from $8.9 million in last year's second quarter, but down sequentially from $11.7 million in the first quarter. The expected year-over-year increase in SG&A relates primarily to higher legal fees associated with ongoing patent litigation. Legal expense is expected to decline significantly beginning in the third quarter. Second quarter amortization expense is anticipated to be approximately $1.0 million. Kuta said management is maintaining its prior full-year 2017 financial forecast.

For earnings history and earnings-related data on Dynamic Materials (BOOM) click here.

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