DMC Global (BOOM) shares surged 12.4% to close at $8.16 in the last trading session, with trading volume significantly higher than usual. This increase contrasts with a 6.9% gain over the past four weeks.
James O’Leary has been appointed as the permanent president and CEO, having served in the interim role since November 29, 2024. He aims to improve the company’s balance sheet and strategic initiatives, including a potential acquisition of a 40% stake in Arcadia Products, LLC.
DMC Global is projected to report quarterly earnings of $0.05 per share, a year-over-year decline of 82.8%, with expected revenues of $150.8 million, down 11.9% from the previous year.
