BOOM - Earnings call transcript Q3 2021

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Operator

00:03 Good afternoon, ladies and gentlemen, and welcome to the DMC Global Third Quarter Earnings Call. At this time, all participants are in a listen-only mode, and the floor will be opened for your questions and comments following the presentation. 00:16 It is now my pleasure to turn the floor over to your host, Geoff High, VP of Investor Relations. Sir, the floor is yours.

Geoff High

00:25 Hello, and welcome to DMC’s third quarter conference call. and Longe; President Kuta. CFO, are today CEO, and Kevin Mike Presenting based projections I everyone date that include disclosed call are remind like and forward-looking the SEC. in our matters that XX:XX risks to are this are that subject would and of assumptions and as discussed to during statements our on today's with estimates, uncertainties may filings

forward-looking actual statements. is of to webcast assumes become anticipated certain results cause to after will call subject could those that differ of available business replay to Our in subsequent obligation at the that our DMC no statements A update dmcglobal.com from materially risks call. today's be events. forward-looking XX:XX because untrue

two replay Details listening over Kevin? with the hours after In to available telephone are that, turn Longe. addition, release. a the to I for approximately replay XX:XX the call today's Kevin available will news in now And will call. be

Kevin Longe

DMC’s everyone. XX:XX Thank you in third the improve Geoff, markets afternoon, quarter. and Activity to during continued primary good end

recovery important oil point An million its U.S. below was accompanied operational composite at challenges at metals our our sales affected XX:XX XX:XX the in dollars business. market. These of and improved during factors impacted percent forecasted demand led gas to was consolidated the range. third eight experience business, four the financial products or our delayed deliveries low restrictions quarter sales the onshore that two plates short while DynaEnergetics metal were slowed various energy our quarter end development manufacturing performance. travel negatively chain and that Supply DynaEnergetics, term international of NobelClad, bottlenecks by and However, activity

percent System second our completion DS As a we Act. our increased customers. substantial Information becomes more has which were increasingly Energy integrated and patents DS operations portfolio U.S. new percent a XX:XX of the anticipation of E&P as to exploration improved patent Perforating the should DynaEnergetics our XX:XX to help two. the versus reflected increase superior industry. that important On companies. well increase budgets labor This to these Administration. five customers costs eighty in our in increase Tuesday, up especially in a market. true unit factory was completions, quarter increased Systems and in sales efficiency the of DS reliability activity percent six according well tight the above fully unconventional industry sequentially efficiency the supports their unconventional This as accelerates, wind-down health in is are input granted CARES in applications approximately is Third DynaEnergetics XX:XX quarter. the take assembled safety, November to improve Since XX:XX labor spending in creation to customers can and supply XX:XX been safety, pressure on activity twenty operations of announced pressure the the Crude our hundred systems will the and on remained of has have challenge. prices product profitability five have number streamline of Operators we've material than the global of effectiveness resulted a While and the job and The year price quarter, time of the offset increased investments profitability well four filed. the industry. people and we is seventy investments the The productivity, intensified start significant DynaEnergetics labor believe significance led approximately of and raw improved have effect has Rising and anticipated and reduce delivered higher margins. assembly costs eliminate the well well significantly XX:XX only pricing location. since are improved intended just in the chain, robust during have the the in technologies percent and capital year, that completion the site, increasing health coming of this now the that these production nineteen in

protect can property. investments During quarter, expenditures three litigation. Despite our companies, innovate products and transparency, designed XX:XX patents. patented the action continue these our intend Our resolved. on are we two number intensified intellectual of others until patent that legal believe violating issues so infringe provide without our is several are spending this, competitors We point of dollars to we third on these against the strategy DynaEnergetics to selling million a

year protected, recently NobelClad, incentive orders threatened, commitment be on entered the intellectual XX:XX company international is property is year. awarded offering, Based of and activity, supply that be outlook DynaEnergetics into strong quarters. markets initial two that we middle-eastern over with the DynaEnergetics identified early process current improving. projects anticipate loss for the twenty new innovative that business. Our resources sustainability At in global to large reflects international a will a will service next to The our to grow agreement is interest DynaEnergetics product of is also indications we and belief next by this now for international few XX:XX a shipped the two twenty all and continues are industry

by commercial demand market cladding NobelClad In metals strengthen are continues and specialists. the addition, sales and XX:XX its team strengthening pricing in improving encouraged and We strengthened key has its to economy organization and various our for improved markets.

look maintained that XX:XX to and financial Mike lead innovative third fourth With a Mike? businesses turn position operate a quarter call over continue for the highly their financial review our We and two results industries. to a strong at guidance. I'll of that, quarter have

Mike Kuta

Kevin. XX:XX Thanks,

international percent while sequentially, sales two nine one dollars, two six quarter and eight down percent, third four twenty sales year's decreased margin percent gross reported compared twenty quarter XX:XX and dollars, last sequentially third and second Consolidated versus to fourteen point twenty third America last two year's sales versus NobelClad sequentially in DynaEnergetics three five sales were the year's percent versus third quarter. and last seven of quarter. year. quarter up sixty one increased up million twenty percent flat forty twenty the up percent quarter percent at dollars, percent same XX:XX last million percent Third North quarter point were up from nine Sales XX:XX thirty third twenty was nine five quarter. the of sequentially. twenty sequentially point in down million percent

year's quarter increase twenty in quarter Third year. improved to Act thirty NobelClad six versus the percent expense point percent mix second twenty third DynaEnergetics DynaEnergetics. three step-up two margin higher million sales, percent percent from XX:XX quarter. offset project income twenty all DynaEnergetics. to at twenty this quarter, twenty litigation quarter in by fifteen retention twenty higher from the a quarter versus year's reported The approximately twenty includes the gross gross expenses, margin were and ago to quarters reported sequential percent last relates Gross margin third the reported sales that in million dollars. year's XX:XX cost second XX:XX consolidated XX:XX in six one second while the primarily third nine than a dollars of dollars third The effects two of of versus was credits in year primarily mix. the margin year percent margin eight quarter and gross due patent improved Act, in one third also third We NobelClad, CARES third XX:XX four in twenty ago quarter employee consolidated project of point increased SG&A international benefited higher contributed one benefited at CARES international third quarter. last quarter. gross at our the material five Looking and which greater of to margin and quarter versus percent point last percent operating four at decline quarter versus credits related one twenty thirty million

dollars quarter. six offering one of and versus and NobelClad or dollars million adjusted share income per diluted point third raising point marketable million dollars was DynaEnergetics We third two one income point the and two ended EBITDA eight quarter third point in reported six million dollars or eighty two million reported adjusted quarter zero last hundred dollars point zero cash year's twenty quarter. hundred XX:XX dollars EBITDA EBITDA hundred five three zero dollars versus share Third last Adjusted diluted and of was point five securities four dollars. one eight six adjusted of with per equity point third zero year's four after the net of million quarter three in thousand XX:XX net dollars, in in while million million three May. dollars

fourth announced quarter. to twenty anticipate point order dollars million one eight forecast twenty twenty chain sales million in business one forty two quarter. sales order fourth third a point to third bounce million reported two million the of third level, dollars twenty nine the be been Chemical were from count fifty total international in point Our twenty twenty We of point dollars quarter. At to DynaEnergetics in the dollars Looking the bottlenecks. raw million million industry. in in XX:XX dollars range sales million. at versus previously dollars XX:XX in in seven eighteen reported NobelClad’s related range quarter have fourth is the four to to report versus the sales expected now four guidance, million dollars quarter that XX:XX twenty eight million range of materials six fourth back NobelClad a dollars the outstanding seven eight sixty the sales sixty seventy dollars reported of due are quarter. two Receipt forty dollars expected to million delayed produce will to four the quarter to two share a a the million required the supply point is versus includes expected

expected quarter, expected dollars receive million gross occur thousand NobelClad fourth still administrative of twenty twenty Adjusted remains quarter the percent hundred million approximately the three eight dollars Act, dollars approximately all the to in twenty materials, is the twenty to previously assumes will million percent versus quarter in in remains thirty of are million quarter. reported fifteen Fourth quarter. the EBITDA rate full order six to dollars third range DMC’s dollars adjusted of three sixteen fifteen two enacted XX:XX CARES in a quarter percent the to through third dollars five point that, last is shipment dollars. to ship quarter fourth year end. in forecast EBITDA The be five Fourth to versus end. expense of effect thirty million any margin litigation million While million dollars four range of one to Amortization Operator? percent range Consolidated to expected expense XX:XX or to expected general is dollars be three one. a take expense the five selling, versus year four XX:XX dollars and two questions. a capital twenty legislation expenditures expected expects XX:XX range million percent. in there year tax two some is is during of million after the the in and point With ready expected we're of risk includes

Operator

Ladies and Tommy the from coming open floor [Operator Your for now XX:XX Instructions] is questions. is Moll. gentlemen, question first

Your line live. is

Tommy Moll

afternoon XX:XX questions. for my and Good thanks taking

Kevin Longe

XX:XX afternoon, Tommy. Yes. Good

Tommy Moll

announced Kevin, XX:XX price increase recently on to for wanted the DynaEnergetics. I start you

I terms for late Specifically, us competitive on this thinking in right it's increase? start lot of you implementing base of move XX:XX and give November, in and year. it will there go when effective think if whole we become a higher timing, What big of presumably much as of twenty the a the place? customer And because then there to toward confidence give strategically the the message on year be two planning given rest with season than not to industry budget in there? that's the to outlooks, volumes a set the really the for deck their update could looks again currently a like just you crude so twenty around Should forward ahead next noted, an environment

Kevin Longe

we well. need increase. that The announced that get to read did price to XX:XX messaging. from effect not go is I up second the increase Yes. Tommy, take in on industry. you've support price that the first in the our Prices Actually, It think quarter. industry quarter in we

back back, second our We the ended and the in up third rolling -- it impacted which what And that our beginning initially can impacted the see volume – happened of quarter. in so, you healthy rolled were for North American previously significantly prices where land is and the And to they third price in based it our quarter. business our is increase surely so, the where are from XX:XX industry. down we needed,

and material cost CARES are in labor that And Act off -- increases, a beginning year. the will chain there's the We fall some cost of companies seeing and for supply increases.

two next first so, will eighteen three what the or And twelve increases be this be months. to price probably of will over the

Tommy Moll

Kevin. Any for anyway we us helpful, Also end anything could could you’ve timing, is would of an priority you of pipeline. your was you That's get potential markets, M&A you. any characterize update offer XX:XX Thank terms it in hoping on on at, number looked be helpful? update could deals

Kevin Longe

anything I think XX:XX and but strategic is quantity company. can at things. we only It's interesting talk with thing we've say have And that, time. our some less is active we that than Tommy, don't this looked that the at quality there, can about it we’re we and --

Tommy Moll

for Mike, slip I I want just in. for if on my tax the something high rate the something math looking one to it if squarely to rate, EPS just quarter? will could understand This there's everyone's as assume I've if you guidance in probably impact Mike. next correctly, got QX. year pretty quarter And full is just that And a enough. I'm Fair clarify missed XX:XX I've the maybe assumption fourth there, about doing more your at could

Mike Kuta

year XX:XX Yes. down. because Tommy, in of items the end half our we tax that discrete rate the back is first rates the drive loaded have

percent So to backend thirty getting higher a therefore requires to thirty one a back three raise. rate

that So right. reading you're

Tommy Moll

it XX:XX and Thanks turn That's very time for helpful. the I'll back.

Kevin Longe

XX:XX Tom. you, Thank

Operator

is Stephen coming Gengaro. XX:XX from question next Your

live. is Your line

Stephen Gengaro

afternoon Good everybody. Thanks. XX:XX

Kevin Longe

afternoon, XX:XX Stephen. Good

Stephen Gengaro

couple things, follow-up and Tommy a just to So on first XX:XX of question. wanted

can announced what's you peers that; -- to get you your activity given you earlier are the week months. confidence then comment, it you subsequent through increase expectations? it yet? in expect next your twelve the and through; change is a this you the this With behavior price or push What's November, higher A, more seeing from couple Like, the B, get in

Kevin Longe

hearing or feel major XX:XX that also calls our of We need in have increase to activities and marketplace the seen should they prices return where both who be. of margins earnings some a couple they through competitors to

among the our think And of that generally are a market going support standpoint. I ultimate see from for I our the use companies the customers There's lack customer being date more we're So, to oversupplied wireline more lot been a competition and through been a our push has price. driven strong. E&P end increase price to think to XX:XX fragmented. by been customers service market, has markets able on relatively of

And there's price time so, adopted just we've fully vertical where lot buying building on delivered market to have who seen site in a the of from the are guns. maintained the well number general a companies model not they perforating of and integration in service

IP, lot reverted seen as is risk, litigation our of part by the we material the part you by also their will to be just a of that a that low are haven't partially smaller industry of companies a I and making be the seen going if guess, we've the major rising kind challenged and carriers and but by We the shops component and kind think so And actions, a our profitability carrying sales own And industry of legal is of, from market. much lack assembled larger to XX:XX market. costs. not of market system priced machine violating

premium has are are wire our the customers, the higher, component we supporting initial service our more longer place. and we in But feel in over be with cost so, taken company position, day, our to that we're we a think systems, of XX:XX a are in are the that get our other time. market other do now a necessary we end lower against for good this like price may right pretty it customers some though competing but who consolidation of attrition at is mentality at the even systems And service for companies commodity take line

Stephen Gengaro

pretty international as then I we XQ we bit, I about a which as I -- recovering sounds think mean, mean, And the Mike helpful. flat. -- that's seeing little you that we're like seasonality given, concerns of mentioned that kind that Okay. which And Dyna that's growth as there And year means is XX:XX in U.S. end a in should what there surprising -- is think in far mentioned as -- I is activity of something -- probably or be about. thinking else guide,

Kevin Longe

a underlying we take need to seasonality of increase actually XX:XX healthy. And into that number last more What twenty but that the in is see And just of quarters. we're but a drilling. well somewhat hold. the couple but CapEx been completions volume -- year. North twenty declining operating bodes completed the of to the accelerate that in systems little are also the docs going of slowdown moving There's completions starting we inventory There's And in price over drilled, the dramatically we're a bit two. to completions making America, new not expect pretty for with XX:XX towards --

we're the so have hand New Year. excited going very that we into about And the

Mike Kuta

in And see QX. six Stephen, the six up point quickly, I XX:XX in we the the four front. range that is to six five mean, of just this fourth international on Mike, quarter in

North still of the North at slightly the to end be America going of to that's up that. we're kind still do going show upside think so bottom we I bottom some America to with growing to thinking for So, end flat is what DynaEnergetics,

Stephen Gengaro

Okay. XX:XX

I I'm but really really, normalized, I we activity they've right? believe both think When Dyna about through – like your of thinking Should then been operating check when off expect Dyna forty growth referenced twenty -- I mark exactly, kind think and things ahead at percent Okay. to where They've of of sort you two. sort I just plus expectations incremental pricing one incremental the on guess of on got next you've margins I That's given And -- bur the businesses go as you then incremental of are and been your margins we helpful. look healthy, missed history numbers pricing year type me. for your think weak about more separately, a twenty that you looking or something?

Kevin Longe

up, year taking the through system I we say We margin at -- we XX:XX And site definitely fewer see the We're see incremental two, walking in Yes, an that price that well should significantly is want picking as the in the up, improvement our our and I labor be unfolding our picking increases, by think to as so well increases in an – fairly will but we at the walking volumes operations, should in year throughout margin integrated continues. company, share tight the as Mike, require -- and is end the the and of same goes. the won't XX:XX strong, you'll improving you the volume time implemented. do into year. a probably to if that to market forty that people the customers, those delivered year, see plays So get should percent improvement we into site, we get price service

Mike Kuta

as And mean, been DynaEnergetics forty I margin level. a forty forty Yes. in is that five usually just in percent five has percent range. that forty also reminder, the And to contribution on and historically, percent NobelClad XX:XX range.

across. as that price price get twenty I increases, going the get as on to two of couple low think a we thirties we're margin we increases enter twenty as we be contribution so, in And

and two. as contribution going forty exit in twenty approach I exit twenty percent twenty half back and the start twenty of that think we're get to two to level we've

Stephen Gengaro

get back line. XX:XX in you. Okay. I'll That's helpful. Thank Great.

Operator

is Your next coming from Richard. [Operator XX:XX Instructions] Taylor question

live. is line Your

Taylor Zurcher

Mike. My Kevin Hey, for is XX:XX taking Thanks first question. my one's and Dyna. on

down guys Dyna, could -- walk the you at least versus at more a in line adjusted QX bit give hopefully us Just just QX. on color margins, EBITDA at the

were mix, the sequentially. They up. less suspect about the of favorable certainly going in total, pretty volumes there is some which and But that in issues XX:XX on America, talked were You North internationally clear. was I

you could differential North items up and is America some these of lower the maybe take margin sequentially, more talk ramped between So, if to America what of the dramatically actually and you previously? North inflationary might have margins in than weather might international thought have kind

Kevin Longe

Yes. XX:XX

Hi, carry have largest versus percent we quarter, twenty So five think June really gross margins driver in – lower does you percent. what higher margin quarter, I U.S. than at, Taylor, The when twenty in mix, international two that the here September there look was which

had twenty but mix a at the We supply well, as driving raw us two inflation We also largest to material five the driving issues. some chain from percent. factor twenty that percent was

Taylor Zurcher

flat a for we percent as think percent that net And November on momentum I increase is there increase? economic basis? Okay. about five keep some price that in mean beyond, a Or XX:XX embedded unit does and five just margins

Kevin Longe

a a managing fair momentum of net XX:XX our inflation is very XX:XX we've and Excluding are feel lot our And seen volume the in from the amount happy embedded And in CARES we there's a fortunate that already well of we that Act, margins. the a we're in We're standpoint. where our picking with position up. supply that, Taylor. cost operations chain

focused. of to only the pricing price and systems switching We of from competing driven to business is against strong have but challenge, other that a are supportive in companies some merits are one continue that business focused service industry our intellectual through and of, customers to a the restoring margin property less that's challenge business, they're walk particularly component the one in who systems

twenty four strong for And the have in position see existing so, the but a only demand, we months. to and the Not demand next the for over also that eighteen we're place. we capital in

Taylor Zurcher

question XX:XX Dyna. at on is me Okay. international And for last

a awards -- -- about with a a and in of supply few large Middle couple you then service the company agreement I think said talked You international East.

you has maybe frame least you maybe twenty hoping in some for about for twelve or of realistic international like just you back two. twenty it twenty think twenty Do international in a is a story activity just little there? will I where twenty its bunch two? twenty think was working twenty or in growth two feels twenty bit next can twenty we perspective longer As through favor of expectations the twenty tailwinds could at it two a to sales were internationally still get from term an

Kevin Longe

feel importantly, and were exceed twenty was we actually awarded agreement twenty we with -- internationally.This think bit. one where two We twenty we was of the going the have we a tenders in service a internationally, will large that XX:XX exceeded but twenty really that projects leading quarter quarter the that is recently were the most are and to the customers international is sales companies international our quite strengthen tough

Taylor Zurcher

the it. Got XX:XX for answers. Thanks

Kevin Longe

a XX:XX in should quite And bit, when to say fact, where up twenty twenty were we twenty. thirty percent in percent we over be I

Taylor Zurcher

All you. Makes sense. XX:XX Thank right.

Operator

Gerry next coming Sweeney. Your XX:XX question from is

line live. Your is

Gerry Sweeney

Hey, XX:XX for call. my taking guys. afternoon good Thanks

Kevin Longe

XX:XX Yeah. Good afternoon, Gerry.

Gerry Sweeney

to but XX:XX inflationary obviously, question don't has etcetera, be I I metals, the picked know, them cycle, wanted last of to pressures, out just positive. of on on sort one if over, This pretty we metal it saw some been turned we back DynaEnergetics. real stuff NobelClad. most covered hold the

your through pricing just in think even the you Is that. call opportunity a on metals trend NobelClad purchasing to and metals markup customers, from I do part of improvement and some an see if continues? there this there's pass either of the

Kevin Longe

very process is a a we're differentiated the of have service you given if dependent. will generating those at very and orders price a time. three for on through are of and -- of strong XX:XX revenues that materials Yes. projects out and they at margin into project in not they margin you that that locked is of flowing product driving process a by When higher placed, and And on we're are and their it's the based quoting is into that's project – then for the has project, guidance right average a and NobelClad it starting the to in the if the place percent metals history reflected yet, at the the next metal in pricing while we it the for costs contribution XX:XX that order, constant the and a And will. quota XX:XX project forty The incorporated that pricing months. goes price are time orders see into north, Most being dependent business. several on metals year

good New pricing. Year into So, for terms metals in NobleClad that we of the feel there's momentum going

Gerry Sweeney

margins. So XX:XX constant

So up the margins just well. Right? profit of say same, up – the we'll as are the the costs price are dollars gross -- but because project size So

Kevin Longe

XX:XX Quite a Yes. bit.

Gerry Sweeney

it. Got Yes, XX:XX

Okay. That's I you. Thank it for appreciate it. me.

Operator

XX:XX coming Your is from Stephen Gengaro. next question

live. line Your is

Stephen Gengaro

Whether first it's in the taking wellsite? of landscape? kind the you a spending twenty etcetera. of And based way budgets of ones, it's technology? other they're quick and Is are growth realize you XX:XX by twenty Thanks. you also are, kind strong and a of so prices going gain at immense a But there acceleration different? XX:XX commodity not Kevin, changing? look activity, adoption business product obviously the Two and traction look actually. the ago in few both driven the your technology. something maybe see E&P out where to bring three and start it to today, Dyna the in twenty two the look to anything market, or to on right? And matter competitive years the customers different? you be Or to ability that's is an was where here value then guys had the pretty about you quick when think Whether What's years kind a the then your which you Is you like activity run just that's huge but were

Kevin Longe

they has that integrated lot it A progress that's our side components positively vertically how performance intellectual XX:XX on assemble things And will is of continue the believe our jurisdictional and to actively stuff last that year twenty System it. just substantive in twenty. are these same carriers, And a as the that enable violating be on competitive twenty landscape The IP handful unsettled we forward. from to system position hasn't but we been the systems some going or of after We've ours. mismatched eighteen, making of property legally our system years, more they in couple we've XX:XX and externally the -- and to over in IP solid are twenty partially our normalized our half -- business are features on which using perforating them of carriers. -- not gun It's One safety violating in had dynamics seventeen, all the next expect companies a our that the perforating to we violate market. that procedural they has. twenty been has what of cost the that maintained buy the jogging the have property impact we don't or our aren't to enabling shops components features these companies into legal market changed Perforating around, we're we've feel these operating It's our of been and fronts approximately as and intellectual the expect that we it machine the that that energetic them primarily. these assembled we with going and same had nineteen, involved have the significantly, assemble of stop over

Stephen Gengaro

percent at the you. outpace your the growth? look -- twenty quarter. price, growth, sales I obviously, activity you would in to volume twenty would just Thank Frac The but two, we'll expect mean happens unit see growth growth what -- And I your you helpful. referenced then underlying we stage That's in When one expect you nineteen in U.S quicker. think Great. market XX:XX in growth

Kevin Longe

XX:XX to share this in marketplace. expect We gain we and to would, continue

volumes ten up But the in see year. twenty benefiting And going the unit we're coming to see volume the ten so ten all pricing But giving up go for probably DynaEnergetics guidance range. another we point of percent coming the expect we twenty two. in in pricing yet than year. and to we greater share in percent not percent And percent twenty

Stephen Gengaro

Great. Thank you for XX:XX your help.

Operator

Moll. Tommy from coming is question next Your XX:XX

Your line is live.

Tommy Moll

drive correctly growth the understood I Dyna wanted to just I international you a next some sure on contract for minutes award pretty couple Kevin. should side Thanks, ago referenced of year. internationally XX:XX make substantial the

heard correctly. that you could twenty range thirty percent give other us just you range? would the in I hear I think help? give that any a I did around to And context somewhere And

Kevin Longe

things. think contract Yes, large a twenty to should XX:XX with three and that with we securing see percent service company. a tenders thirty percent I business has successful There's been large two

Tommy Moll

clarification. Great. appreciate turn back. Thank I that you XX:XX I'll it it. for

Operator

Kevin Longe closing questions now the remarks. XX:XX like this There from back I would lines are the further to for to time. at turn floor no

Kevin Longe

you, Thank our call XX:XX for today. everyone joining

demand our we fundamentals this in increase a improving by that mentioned we are encouraged strength North is difficult product our was strong the the towards was and in quarter, important first DynaEnergetics The an for improving the While margins, price believe for our offering seeing international we step recent are America. business. by at increase earlier businesses. are And DynaEnergetics on

NobleClad XX:XX Thank that very confident we we that dynamics goes to you in of DetaPipe. again quite their feel when quarter We strong pricing into new fourth for as strength as products also We the coming the report for DMC, of remain metals speaking our results. the the -- and with you. forward the will well year, applications look in have are

Operator

gentlemen. today's XX:XX Thank you, ladies and concludes event. This

day. for You have a wonderful at you your disconnect participation. may Thank and this time

Geoff High	Vice President of Investor Relations
Kevin Longe	President, Chief Executive Officer
Mike Kuta	Chief Financial Officer
Tommy Moll	Stephens
Stephen Gengaro	Stifel
Taylor Zurcher	Tudor, Pickering, Holt & Co.
Gerry Sweeney	ROTH Capital Partners

DMC Global (BOOM) 21 Oct 212021 Q3 Earnings call transcript