SOURCE: Dynamic Materials Corp.

Dynamic Materials Corp.

February 27, 2009 08:00 ET

Dynamic Materials Corporation to Announce Preliminary Fourth Quarter and Full-Year Earnings Results on March 5, 2009

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.

Contact Information

  • CONTACT:
    Geoff High
    Pfeiffer High Investor Relations, Inc.
    303-393-7044