Revenue: As of FY2026 Q2, the actual value is USD 156.95 M, beating the estimate of USD 148.97 M.

EPS: As of FY2026 Q2, the actual value is USD 0.1.

EBIT: As of FY2026 Q2, the actual value is USD 5.233 M.

DMC Global Inc. Consolidated Results

Operational Metrics

DMC Global Inc. reported net income attributable to DMC Global Inc. of $507 thousand for the second quarter of 2026, marking a 337% increase year-over-year and a 108% sequential increase. Adjusted EBITDA attributable to DMC Global Inc. was $10,673 thousand, which was a decrease of 21% year-over-year but an increase of 174% sequentially. The consolidated gross profit percentage for the second quarter of 2026 was 21.9%, compared to 18.8% in the prior quarter and 23.6% in the year-ago quarter. Selling, General & Administrative (SG&A) expenses amounted to $24,541 thousand, showing a 0% sequential change and a -6% year-over-year change. Operating income was $5,218 thousand, representing a 228% sequential increase and a 34% year-over-year increase.

Cash Flow and Balance Sheet

Net cash used in operating activities for the second quarter of 2026 was - $7,960 thousand. Net cash used in investing activities was - $383 thousand, while net cash provided by financing activities totaled $4,908 thousand. Cash and cash equivalents at the end of the second quarter of 2026 stood at $28,551 thousand.

Arcadia Products Segment

Segment Revenue

Arcadia Products reported second quarter 2026 net sales of $67,419 thousand, an increase of 9% year-over-year and 19% sequentially.

Operational Metrics

Adjusted EBITDA attributable to DMC Global Inc. for Arcadia was $5,490 thousand, increasing 36% year-over-year and 135% sequentially. The segment’s gross profit percentage was 27.7%, up from 24.1% sequentially and 26.2% year-over-year. Operating income was $3,645 thousand, a 282% sequential increase and a 606% year-over-year increase.

DynaEnergetics Segment

Segment Revenue

DynaEnergetics’ second quarter 2026 net sales were $67,383 thousand, remaining flat year-over-year and increasing 13% sequentially.

Operational Metrics

Adjusted EBITDA for DynaEnergetics, which included $1.5 million in tariff refunds, was $5,638 thousand, down 37% year-over-year but up 105% sequentially. The gross profit percentage was 15.9%, compared to 12.6% sequentially and 20.9% year-over-year. Operating income was $3,927 thousand, a 331% sequential increase and a -39% year-over-year change.

NobelClad Segment

Segment Revenue

NobelClad recorded second quarter 2026 net sales of $22,151 thousand, a decrease of 17% year-over-year but an increase of 15% sequentially.

Operational Metrics

Adjusted EBITDA was $3,032 thousand, down 31% year-over-year but up 60% sequentially. The gross profit percentage was 22.6%, consistent with the prior quarter but down from 24.7% year-over-year. Operating income was $2,183 thousand, a 108% sequential increase and a -36% year-over-year change.

Unique Metrics

NobelClad’s order backlog at the end of the second quarter was $63.5 million, compared to $70.3 million at the end of the first quarter of 2026. The rolling 12-month bookings were $106.9 million, with a 12-month book-to-bill ratio of 1.33.

Outlook / Guidance

DMC Global Inc. expects third-quarter sales to be in the range of $158 million to $168 million, with adjusted EBITDA attributable to DMC Global Inc. anticipated between $10 million and $13 million. These projected sequential improvements are attributed to steady performance at Arcadia Products, expected increases in well completion activity in DynaEnergetics’ markets, and increased project shipments at NobelClad. This guidance does not account for potential disruptions from Middle East hostilities, aluminum input cost volatility, or weaker end-market conditions.