DMC Global reports Q3 EPS (49c), consensus 1c

Reports Q3 revenue $152.4M, consensus $159.9M. The company stated, “weakness in the U.S. construction and energy services industries negatively affected the performance of DMC’s two largest businesses. At Arcadia, DMC’s architectural building products business, persistent high interest rates have impacted sales to the high-end luxury home market and have resulted in continued soft commercial construction activity. Under the direction of a new interim business president, Arcadia is executing a series of internal initiatives designed to strengthen sourcing and supply chain functions; improve sales, inventory and operations planning processes; and more effectively leverage Arcadia’s enterprise resource planning system. The business is also reviewing certain product lines that have not consistently met profitability targets.”