Dynamic Materials Corporation to Announce Preliminary Fourth Quarter and Full-Year Earnings Results on March 5, 2009
February 27 2009 - 8:00AM
Marketwired
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.
CONTACT: Geoff High Pfeiffer High Investor Relations, Inc.
303-393-7044
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