DMC Global issues 2025 letter to shareholders

Jamse O’Leary, Executive Chairman of DMC Global (BOOM), wrote, “2024 was a very challenging year for your company. However, it was also a year during which we made significant progress on our two most critical fronts. After assuming the roles of Executive Chairman in October 2024 and then Interim CEO in November 2024, our leadership team and I immediately focused on two urgent priorities. First, we proactively addressed the looming put/call obligation associated with our 2021 Arcadia Products acquisition. Second, we began stabilizing operations across our organization following a nearly year-long review of strategic options for two of our businesses that the Board ultimately chose not to pursue. We are now implementing the most impactful and actionable operating initiatives across DMC… We have taken the necessary steps in the last few months to set DMC on the right path. While we can’t influence macroeconomic conditions, we are focusing on stabilizing and improving our operational performance and underlying cost structure as laid out above.”