Here it is--I got out early this am..
Dynamic Materials Corporation, (Nasdaq: BOOM),
'DMC', today announced third quarter 1997 net income of $462,921 or $0.16 per share versus 1996
third quarter results of $441,318 which also yielded $0.16 in per share earnings. Sales for the third
quarter of 1997 were $7.80 million versus $7.75 million in the third quarter of 1996.
"Our third quarter results bring year-to-date earnings up to $0.56 per share and we are proud of this
accomplishment," said Paul Lange, president and chief executive officer. "While we received fewer
orders in the third quarter than we would have liked, the number of inquiries for new projects is
returning to a comfortable level." Lange continued, "Our present backlog indicates that sales for the
fourth quarter will fall below the third quarter and well below sales from the year-ago fourth quarter.
The anticipated decline in fourth quarter sales reflects both the cyclical nature of our business and the
impact of large orders on quarter-to-quarter sales performance." Lange added, "Over the last couple
of weeks we have booked several new orders. However, these orders are not scheduled to ship until
the early part of 1998 and thus will not benefit the Company in the fourth quarter." Lange concluded,
"The market for clad plate appears to be active right now and we are optimistic about our ability to
compete both domestically and internationally for future projects."