DMC's second quarter sales of $65.4 million were up 18% sequentially and 51% versus the second quarter of 2020. DynaEnergetics, our energy products business reported greater demand for its DS perforating systems due to a stronger energy prices and a corresponding increase in well completions.
DMC Global (BOOM) delivered earnings and revenue surprises of -28.57% and -7.44%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Second quarter sales were $65.4 million, up 18% sequentially and 51% from Q2 2020Gross margin improved to 26% versus 23% in Q1 2021 and 15% in Q2 2020Net income was $1.7 million, or $0.10 per diluted shareAdjusted EBITDA* increased to $7.5 million versus $4.0 million in Q1 2021 and negative $1.8 million in Q2 2020Cash and marketable securities at June 30, 2021, were $181.3 million versus $53.9 million at December 31, 2020NobelClad awarded $8.8 million order from chemical industry; introduces cla