DMC Global Issues Letter to Stakeholders From President & Ceo Kevin Longe

Rhea-AI Summary

DMC Global has released its Annual Letter to Stakeholders from President and CEO Kevin Longe, detailing the company's strategic initiatives and market positioning. The letter emphasizes DMC's commitment to supporting its portfolio companies, DynaEnergetics and NobelClad, in the energy, industrial processing, and transportation sectors. DMC aims to foster local innovation and long-term growth through strategic support and acquisitions. The letter is accessible online, providing insights into DMC's operations and future goals.

Positive

• DMC's strategic focus on supporting portfolio companies can enhance competitive positioning.
• Commitment to local innovation and long-term capital support fosters growth.

Negative

• No specific financial metrics reported, which could raise concerns for investors.

BROOMFIELD, Colo., Feb. 25, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) has published its Annual Letter to Stakeholders from President and Chief Executive Officer Kevin Longe. The letter can be found online at the following link:
https://www.dmcglobal.com/investors/shareholder-reports

About DMC
DMC Global is a diversified holding company. Our innovative businesses provide differentiated products and services to niche industrial and commercial markets around the world. DMC’s objective is to identify well-run businesses and strong management teams and support them with long-term capital and strategic, legal, technology and operating resources. Our approach helps our portfolio companies grow core businesses, launch new initiatives, upgrade technologies and systems to support their long-term strategy, and make acquisitions that improve their competitive positions and expand their markets. DMC’s culture is to foster local innovation versus centralized control, and stand behind our businesses in ways that truly add value. Today, DMC’s portfolio consists of DynaEnergetics and NobelClad, which collectively address the energy, industrial processing and transportation markets. Based in Broomfield, Colorado, DMC trades on Nasdaq under the symbol “BOOM.” For more information, visit the Company’s website at: http://www.dmcglobal.com

CONTACT:
Geoff High
Vice President of Investor Relations
303-604-3924  

FAQ

What is the focus of DMC Global's Annual Letter to Stakeholders?

The letter outlines DMC Global's strategic initiatives and commitment to supporting its portfolio companies.

Who is the CEO of DMC Global and what did he discuss in the letter?

CEO Kevin Longe discussed the company's focus on innovation and long-term growth in the Annual Letter to Stakeholders.

What portfolio companies does DMC Global highlight in its letter?

DMC Global highlights DynaEnergetics and NobelClad as its key portfolio companies.

How does DMC Global intend to support its portfolio companies?

DMC Global plans to provide long-term capital, strategic resources, and support for innovation.

When was the Annual Letter to Stakeholders published by DMC Global?

The Annual Letter to Stakeholders was published on February 25, 2021.