BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — DMC Global Inc. (BOOM) on Thursday reported first-quarter profit of $677,000.
The Broomfield, Colorado-based company said it had net income of 4 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 11 cents per share.
The diversified holding company posted revenue of $159.3 million in the period.
For the current quarter ending in June, DMC Global said it expects revenue in the range of $149 million to $157 million.
DMC Global shares have declined 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.45, a decline of 59% in the last 12 months.
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