The 10-second takeaway
For the quarter ended March 31 (Q1), Dynamic Materials met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted significantly. GAAP earnings per share dropped significantly.
Margins shrank across the board.
Dynamic Materials chalked up revenue of $46.3 million. The five analysts polled by S&P Capital IQ expected revenue of $46.0 million on the same basis. GAAP reported sales were 7.9% lower than the prior-year quarter's $50.2 million.
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 $0.15. The six earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. Non-GAAP EPS of $0.15 for Q1 were 17% lower than the prior-year quarter's $0.18 per share. GAAP EPS of $0.02 for Q1 were 89% lower than the prior-year quarter's $0.18 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 27.5%, 110 basis points worse than the prior-year quarter. Operating margin was -2.3%, much worse than the prior-year quarter. Net margin was 0.5%, 430 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $52.6 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $218.5 million. The average EPS estimate is $0.97.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dynamic Materials is outperform, with an average price target of $22.40.
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