Financial ImpactThe potential that the minority owner of Arcadia exercises the put/call option would have a dilutive impact on current investors.
Leadership ChangesThe retirement of CEO Michael Kuta and recent Board changes, coupled with lackluster end-market demand, make it difficult to analyze performance going forward.
Market CompetitionPricing for DynaEnergetics' perforating systems continues to face headwinds from tempered North American completion activity coupled with competition from machine shops eroding market share and pricing power.