DMC Global sees Q3 revenue $158M-$168M, consensus $176,9M

Sees Q3 adjusted EBITDA $15M-$18M. Sees FY24 capital expenditures $16M-$20M. The company said, “Arcadia’s sales results, combined with ongoing efforts to improve operational efficiencies and streamline its cost structure, helped fuel a significant rebound in margins. Second quarter gross margin of 33.2% was up 600-basis-points versus the first quarter and approached the 34.7% reported in last year’s second quarter, when Arcadia delivered its strongest gross margin since its December 2021 acquisition by DMC. Adjusted EBITDA margin was 17.8% as compared with 9.5% in the first quarter, and 20.8% in the year-ago second quarter.”