Contact Information: CONTACT: Geoff High Pfeiffer High Investor Relations, Inc. 303-393-7044
Dynamic Materials Corporation to Announce Preliminary Fourth Quarter and Full-Year Earnings Results on March 5, 2009
| Source: Dynamic Materials Corp.
BOULDER, CO--(Marketwire - February 27, 2009) - Dynamic Materials Corporation ("DMC") (NASDAQ : BOOM ), the world's leading provider of explosion-welded clad metal plates,
will announce preliminary fourth quarter and full-year financial results
after the stock market closes on Thurs., March 5, 2009. Management is
currently working with its auditors and valuation consultants to complete
goodwill impairment testing on the Company's Oilfield Products segment,
which was included in DMC's Nov. 2007 acquisition of DYNAenergetics. The
Oilfield Products Segment accounted for approximately 11% of DMC's total
revenue through the first nine months of fiscal 2008. Upon completion of
the annual impairment test, which is being performed as of Dec. 31, 2008,
the Company will issue final audited financial results.
Following the release of its preliminary financial results, executive
management will host a conference call and simultaneous webcast. The event
will begin at 5 p.m. Eastern (3 p.m. Mountain) and will be accessible via
the Internet at www.dynamicmaterials.com, or by dialing into the
teleconference at 866-394-8610 (706-758-0876 for international callers) and
entering the passcode 87708381.
Participants should access the website at least 15 minutes early to
register and download any necessary audio software. A replay of the webcast
will be available for 30 days and a telephonic replay will be available
through March 9, 2009, by calling 800-642-1687 (706-645-9291 for
international callers) and entering the passcode 87708381.
For additional information, please contact Geoff High at 303-393-7044 or
visit the Company's website at www.dynamicmaterials.com.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are typically used
in industrial capital projects, include explosion-welded clad metal plates
and other metal fabrications for use in a variety of industries, including
oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial refrigeration and
similar industries. The Company operates three business segments:
Explosive Metalworking, which uses proprietary explosive processes to fuse
different metals and alloys; Oilfield Products, which manufactures, markets
and sells specialized explosive components and systems used to perforate
oil and gas wells; and AMK Welding, which utilizes various technologies to
weld components for use in power-generation turbines, as well as commercial
and military jet engines. For more information, visit the Company's
websites at http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.