The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Dynamic Materials beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins dropped, net margins dropped.
Dynamic Materials logged revenue of $52.5 million. The three analysts polled by S&P Capital IQ looked for revenue of $51.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The five earnings estimates compiled by S&P Capital IQ anticipated $0.20 per share. GAAP EPS of $0.21 for Q4 were 19% lower than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.5%, 320 basis points better than the prior-year quarter. Operating margin was 8.5%, 100 basis points worse than the prior-year quarter. Net margin was 5.4%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $50.7 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $220.0 million. The average EPS estimate is $1.09.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dynamic Materials is outperform, with an average price target of $20.20.
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