Contact Information: CONTACT: Geoff High Pfeiffer High Investor Relations, Inc. 303-393-7044
Dynamic Materials Corporation Schedules Fourth Quarter Earnings Release and Conference Call
| Source: Dynamic Materials Corp.
BOULDER, CO--(Marketwire - February 9, 2010) - Dynamic Materials Corporation ("DMC") (NASDAQ : BOOM ), the world's leading provider of explosion-welded clad metal plates,
will announce fourth quarter and
full-year financial results after the stock market closes on Thursday,
March 4, 2010. The Company is currently working with its auditors and
valuation consultants to complete annual goodwill impairment testing on its
Oilfield Products segment. The Oilfield Products business, which accounted
for approximately 11% of DMC's total revenue through the first nine months
of fiscal 2009, originated from the Company's 2007 acquisition of
DYNAenergetics, and was expanded by the October 2009 acquisition of LRI Oil
Tools. The impairment test is being performed as of Dec. 31, 2009.
Following the release of its 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 55936657.
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 8, 2010, by calling 800-642-1687 (706-645-9291 for
international callers) and entering the passcode 55936657.
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 and industrial refrigeration.
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.