DMC Global Inc 2026年季度报告

CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS This quarterly report on Form 10-Q contains “forward-looking statements” within the meaning of section 27A of the SecuritiesAct of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We intend theforward-looking statements throughout this quarterly report on Form 10-Q to be covered by the safe harbor provisions for forward-lookingstatements. Statements contained in this report which are not historical facts are forward-looking statements that involve risks anduncertainties that could cause actual results to differ materially from projected results. These statements can sometimes be identified by ouruse of forward-looking words such as “may,” “believe,” “plan,” “anticipate,” “estimate,” “expect,” “intend,” “seek,” and other phrases ofsimilar meaning. Such statements include, but are not limited to, expectations regarding the impact of volatility of energy markets, theconflict between the United States, Israel, and Iran and related geopolitical instability, evolving global tariff policies on sales andprofitability, tariff recoverability, market-responsive initiatives at Arcadia Products, cost reduction and market share expansion initiatives atDynaEnergetics, order activity improvements and shipment timing at NobelClad, market opportunities at NobelClad, our ability to accesscapital markets transactions in the future, the availability of funds to support our liquidity position and our expected future liquidityposition. The forward-looking information is based on information available as of the date of this quarterly report and on numerousassumptions and developments that are not within our control. Although we believe that our expectations as expressed in these forward-looking statements are reasonable, we cannot assure you that our expectations will turn out to be correct. Factors that could cause actualresults to differ materially include, but are not limited to, those factors referenced in our Annual Report on Form 10-K for the year endedDecember 31, 2025 and this Quarterly Report on Form 10-Q and other potential factors, including: geopolitical and economic instability, PartI - FINANCIAL INFORMATION DMC GLOBAL INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DMC GLOBAL INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME DMC GLOBAL INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.BASIS OF PRESENTATION The information included in the Condensed Consolidated Financial Statements is unaudited but includes all normal and recurringadjustments which, in the opinion of management, are necessary for a fair presentation of the interim periods presented. Certaininformation and footnote disclosures, including critical and significant accounting policies normally included in consolidated financial 2.SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The Condensed Consolidated Financial Statements include the accounts of DMC Global Inc. (“DMC”, “we”, “us”, “our”, or the“Company”) and its controlled subsidiaries. All intercompany accounts, profits, and transactions have been eliminated in consolidation. Accounts Receivable The Company measures expected credit losses for its accounts receivable using a current expected credit loss model, which is basedon historical experience, adjusted for current conditions and reasonable and supportable forecasts. The Company has disaggregated poolsof accounts receivable balances by business, geography and/or customer risk profile and has used history and other experience to establishan allowance for credit losses at the time the receivable is recognized. To measure expected credit losses, we have elected to pool trade During the three months ended March 31, 2026, our expected loss rate reflects uncertainties in market conditions present in ourbusinesses, including supply chain disruptions, continued volatility in oil and gas markets, elevated interest rates, as well as globalgeopolitical and economic instability. In addition, we reviewed receivables outstanding, including aged balances, and in circumstanceswhere we are aware of a specific customer’s inability to meet its financial obligation to us, we recorded a specific allowance for credit Contract Liabilities At times, we require customers to make advanced payments prior to the shipment of their orders to help finance our inventoryinvestment on large orders or keep customers’ credit limits at acceptable levels.Contract liabilities consisted of the following for the We generally expect to recognize the revenue associated with contract liabilities over a time period no longer than one year, butunforeseen circumstances can cause delays in shipments associated with contract liabilities, primarily supply chain delays and disruptions. Redeemable Noncontrolling Interest On December 23, 2021, DMC completed the acquisition of 60% of the membership interests in Arcadia Products, LLC, a