DMC Global Q1 Sales Drop 15% While NobleClad Backlog Hits $70.3M
DMC Global reported Q1 sales down 15% to $135.6 million, with adjusted EBITDA shrinking to $3.9 million from $14.4 million a year earlier. NobleClad’s order backlog rose 12% sequentially to $70.3 million—the highest in 15 years—while Arcadia and Dyna Energetics faced pressure from high aluminum costs and delayed shipments.
1. Q1 Financial Performance
DMC Global posted Q1 revenue of $135.6 million, a 15% year-over-year decline, while reporting an adjusted EBITDA of $3.9 million versus $14.4 million in the prior-year quarter. The company recorded a net loss of $6.1 million, or $0.34 per share, and an adjusted loss of $0.28 per share after restructuring costs.
2. NobleClad Backlog Growth
NobleClad’s order backlog increased 12% sequentially to $70.3 million, the highest level in over 15 years. Management expects a significant ramp-up in Q2 from an international petrochemical project, which should drive further backlog gains.
3. Segment Demand Challenges
Arcadia’s sales fell 14% year-over-year as high aluminum prices and elevated interest rates weighed on commercial construction demand. Dyna Energetics experienced lower North American product orders and delayed shipments to the Middle East, contributing to segment revenue declines.
4. Management Outlook
CFO guidance indicates all three businesses should show sequential improvement in Q2, with NobleClad leading growth. However, aluminum cost pressures are expected to persist for another quarter or two, and tariff relief timing remains uncertain despite applications for rebates.