DMC Global Inc. reported its financial results for the third quarter ended September 30, 2026, showing a significant improvement in profitability and a reduction in debt compared to the prior year and the previous quarter.
For the quarter, the company reported consolidated sales of $172.8 million, representing a 14% increase year-over-year and a 10% increase sequentially. Net income attributable to DMC was $9.7 million, or $0.59 per diluted share, a substantial recovery from a net loss of $3.1 million, or ($0.10) per share, in the same period of 2025.
Adjusted EBITDA attributable to DMC, excluding $5.4 million in tariff refunds, was $13.6 million, up 59% compared to the prior year. When including the tariff refunds, adjusted EBITDA totaled $19.0 million.
DMC’s total debt stood at $51.7 million, with net debt at $13.7 million. The company noted that this net debt level is the lowest it has been since the December 2021 acquisition of 60% of Arcadia Products.
The company’s three main business segments all reported growth:
- Arcadia Products: Sales were $76.9 million, up 25% year-over-year. Adjusted EBITDA was $6.8 million, up 32%.
- DynaEnergetics: Sales were $67.1 million, down 3% year-over-year but flat sequentially. Adjusted EBITDA was $6.5 million, up 34% year-over-year.
- NobelClad: Sales were $28.8 million, up 38% year-over-year. Adjusted EBITDA was $4.6 million, up 120% year-over-year. The company ended the quarter with an order backlog of $72.4 million.
Regarding future guidance, DMC expects fourth quarter sales to range from $154 million to $164 million, with adjusted EBITDA anticipated between $10 million and $13 million.
