Dynamic Materials Corporation is an international metalworking company that trades on the NASDAQ. With headquarters in Boulder, Colorado, they manufacture products for use in industrial capital projects. They make explosion-welded clad metal plates as well as various other metal fabrications.

The company began in the late 1960’s when they started an explosion metal forming business that shaped blank sheets of metal alloys into complex three-dimensional parts for aerospace equipment manufacturers. The explosion-bonded clad metal business is still their core business. Dynamic Materials Corporation Explosive Metalworking division has three manufacturing plants. These are in Mt. Braddock, Pennsylvania, Rivesaltes, France, and Likenas, Sweden.

Dynamic Materials became a publicly traded corporation in 1976. It wasn’t long after that they licensed technology from DuPont to explosively bond, or clad two or more dissimilar metal plates together. Today they are an international player in the industry. Their products find use in industries such as upstream oil and gas, oil refinery, petrochemicals, hydrometallurgy, aluminum production, shipbuilding, power generation, and industrial refrigeration.

Dynamic also has a new Oilfield Products segment. This segment manufactures, markets, and sells perforating explosives and associated hardware. This includes charges, detonators, detonating cords, and bidirectional boosters. It also includes perforating guns for the perforation of oil and gas wells. They also manufacture and market seismic explosives for the oil and gas industry in the United States, Europe, Africa, the Middle East, and Asia. The company also runs training sessions and seminars for these business areas. In addition, they design and manufacture custom-ordered perforating products for third-party customers.

Dynamic Materials recently reported financial results for their second quarter and six-month fiscal period ended June 30, 2008. Second quarter sales increased 83 percent to $63.2 million from $34.5 million in the second quarter last year. This included a $16.5 million contribution from their recently acquired businesses of Germany-based DYNAenergetics. Second quarter income from operations increased 16 percent to $10.1 million from $8.8 million in the same quarter last year. Net income increased 10 percent to $6.2 million, or $0.49 per diluted share, from $5.7 million, or $0.46 per diluted share, in the comparable quarter last year. The company’s Oilfield Products segment recorded second quarter sales of $7.9 million and operating income of $616,000.

Dynamic Materials Corporation continues to enjoy their heavy metal. The sound of metals and alloys fusing and bonding is music to their ears as well as their shareholders. The company focuses on continuing with the processes and products that produce the goods that meet their customers’ needs.

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