BOOM ==> The Hello 2008 Winner!

[jiesen]

BOOM sold! Again!

Just bot back in at 36.4. I'm not married to this, though, and may drop it next week if the slide continues, and look for a lower entry...

Just sold my BOOM position (second round!) at 41.5. That's yet another 14% gain off of this one! Thanks for the awesome pick, $$MM! You are HUGE!!!

I still like BOOM, and might even pick it up for a third go-around next week or later, if it drops back into the 30's again, or has some good earnings news. But over the weekend, I feel safer with my 14% profit secure, rather than holding out for another 1% on a weekend that's likely to see wild swings either way in the market.

[hags]

Good trade jiesen...congrats on the win..

hags

[jiesen]

Good trade jiesen...congrats on the win..

hags

Thanks, hags!

[jiesen]

Bot back in again

I just got back into BOOM at 38 for one more round of profits with this sucker. Let's see if it has another 15% or so for me to squeeze out of it!

[magma]

hey Congrats jiesen

[spikefader]

[sirtuck]

Potw

AEHR long congrat to last weeks winners

[New-born baby]

If this support fails . . .

If this support fails, we're targetting $18 for BOOM.

[New-born baby]

Why? Target is $22.

We're going to see it. So come up with a short strategy, will ya.

[billyjoe]

New-born,
It's a bad sign to be arguing with yourself.

------------------billy

[New-born baby]

New-born,
It's a bad sign to be arguing with yourself.

------------------billy

Well, thanks, BillyJoe. I needed that. What's worse . . . I lost the argument.

[mrmarket]

Not horrible...

Dynamic Materials Reports Second Quarter and Year-to-Date Financial Results
Thursday July 31, 4:05 pm ET


Selected Highlights: Q2 Net Income Reaches $6.2M, or $0.49 Per Diluted Share, on Revenue of $63.2M; Adjusted EBITDA Improves 54% to $14.7M Versus 2007 Second Quarter; Backlog at Explosive Metalworking Segment Increases to $105M


BOULDER, CO--(MARKET WIRE)--Jul 31, 2008 -- Dynamic Materials Corporation (DMC) (BOOM - News), the world's leading provider of explosion-welded clad metal plates, today reported financial results for its second quarter and six-month fiscal period ended June 30, 2008.




Second quarter sales increased 83% to $63.2 million from $34.5 million in the second quarter last year and included a $16.5 million contribution from the recently acquired businesses of Germany-based DYNAenergetics. Gross margin was 30% versus 35% in the comparable year-ago quarter. The gross margin decline is largely attributable to a higher proportion of sales generated in Europe following the DYNAenergetics acquisition. Gross margin performance at European explosion welding businesses has historically been lower than in the United States. Additionally, DYNAenergetics' Oilfield Services business has traditionally delivered gross margins comparable to those of its explosion-welding counterpart.

Second quarter income from operations increased 16% to $10.1 million from $8.8 million in the same quarter a year-ago. Net income increased 10% to $6.2 million, or $0.49 per diluted share, from $5.7 million, or $0.46 per diluted share, in the comparable year-ago quarter.

Adjusted EBITDA for the second quarter increased 54% to $14.7 million from $9.6 million in the second quarter last year. Adjusted EBITDA is a non-GAAP (generally accepted accounting principal) financial measure used by management to measure operating performance. See additional information about adjusted EBITDA at the end of this news release.

Explosive Metalworking

Second quarter sales at the company's Explosive Metalworking segment increased 60% to $53.0 million from $33.1 million in the second quarter last year. The increase reflects an $8.6 million sales contribution from the explosive welding business of DYNAenergetics, as well as an $11.3 million, or 34%, increase in sales from DMC's legacy explosion welding divisions. Operating income increased 8% to $9.8 million from $9.0 million in last year's second quarter. Adjusted EBITDA increased 31% to $12.5 million from $9.5 million in the comparable year-ago quarter.

Order backlog at the end of the second quarter was $105 million, up from $102 million reported at the end of this year's first quarter and $85 million recorded at the end of last year's second quarter.

Oilfield Products

DMC's new Oilfield Products segment recorded second quarter sales of $7.9 million and operating income of $616,000. Second quarter adjusted EBITDA was $1.6 million.

AMK Welding

Second quarter sales at DMC's AMK Welding segment increased 70% to $2.3 million from $1.3 million in the second quarter last year. Operating income increased to $585,000 from $18,000 in the comparable year-ago quarter. Adjusted EBITDA advanced to $693,000 from $81,000 in the same quarter last year.

Management Commentary

Yvon Cariou, president and CEO, said, "Second quarter sales exceeded our expectations thanks largely to a strong end-of-quarter performance at our Mt. Braddock, Penn. facility, where our production teams capitalized on late-quarter metal deliveries to process and ship several orders before the close of the fiscal period."

"In spite of the challenges resulting from longer delivery lead times on carbon steel, our backlog and overall business remain strong and we are enjoying widespread demand for our products," Cariou added. "Our hot list remains very healthy and includes prospective projects that span the globe and involve nearly all of our traditional end markets. While it now appears that order timing and metal supplies will impact our prior financial forecasts during the second half of the year, we see no signs that there has been a pullback in overall demand. We therefore remain encouraged by our prospects for continued long-term growth."

Rick Santa, senior vice president and chief financial officer, said that although year-to-date bookings have been strong, longer lead times on the delivery of carbon steel in the United States are expected to result in sales during the second half of 2008 that will be approximately 5% less than the first half of the year. Sales in the third quarter are expected to be up to 20% less than second quarter sales, while fourth quarter sales are expected to be equal to or above those of the second quarter. Gross margin in the third quarter is expected to be between 28% and 29% as a result of lower sales spread over a fixed manufacturing and overhead expense base. Fourth quarter gross margin is expected to improve to levels comparable to those in the first and second quarters based upon anticipated fourth quarter sales that should approximate or exceed those of the second quarter.

As previously reported, full-year operating income will be impacted by approximately $7.7 million of amortization expense associated with the DYNAenergetics acquisition, while pre-tax income will be impacted by approximately $5.0 million of interest expense. Santa said that recent refinements to estimates of pre-tax earnings, as well as permanent differences between book and taxable income for the full-year 2008, have reduced DMC's expected 2008 blended effective tax rate to a range of 32% to 33%.

Six-month Results

Sales through six months increased 80% to $121.6 million from $67.5 million in the comparable six-month period of 2007. This year's six-month sales results included a $31.7 million contribution from DYNAenergetics. Gross margin was 30% versus 34% in the same period a year ago. Income from operations increased 20% to $19.5 million from $16.3 million in the comparable 2007 period. Net income through six months was $11.5 million, or $0.91 per diluted share, up 9% from net income of $10.5 million, or $0.86 per diluted share, in the same period last year. Adjusted EBITDA increased 59% to $28.3 million from $17.7 million in the first six months of fiscal 2007.

The Explosive Metalworking segment reported six-month sales of $104.6 million, up 62% from sales of $64.6 million in the first half of 2007. The explosive welding business of DYNAenergetics contributed $19.3 million to first half 2008 sales. Operating income increased 20% to $19.8 million from $16.6 million in the prior year's six-month period. Adjusted EBITDA increased 43% to $24.8 million from $17.3 million in the same period a year ago.

Six-month sales at DMC's new Oilfield Products segment were $12.4 million. Operating income for the period was $50,000 and adjusted EBITDA was $2.0 million.

AMK Welding recorded six-month sales of $4.6 million, up 56% from $2.9 million in the comparable year-ago period. Operating income increased 333% to $1.2 million from $282,000 in the prior-year period. Adjusted EBITDA at the six-month mark was $1.4 million, an increase of 255% versus $405,000 in the same period a year ago.

[spikefader]

R/R still favors short side imo.

[Vincent]

The candlestick chart of BOOM looks attrative to me, I will keep in my watch list.

[jiesen]

BOOM is Boomin' again!

BOOM is having quite a run now, up from 20 to 27 in just 3 days...

http://finance.yahoo.com/q/bc?s=BOOM+Basic+Chart&t=5d

Soon it's gonna be back in the 30's and makin' me some money!