- DMC Global Inc (NASDAQ:BOOM) has appointed Eric Walter as chief financial officer. Walter’s appointment will be effective the day after DMC files its 2022 Form 10-K, which is expected on or around Feb. 24, 2023.
- Walter will succeed CFO Michael Kuta, who has been appointed as DMC’s interim co-CEO with DMC board member David Aldous.
- Walter has more than 30 years of financial experience and spent the past five years with Jacobs Solutions Inc. (NYSE:J), an engineering and professional services firm.
- He earned an MBA from Duke University’s Fuqua School of Business and a bachelor of arts in accounting and business administration from Furman University.
- While announcing its CEO transition on Jan. 17, 2023, the company also updated its guidance.
- The company raised its sales outlook to $173 million – $175 million from the prior guidance of $158 million – $168 million. The company also expects adjusted EBITDA to be at or slightly above the high end of its previously guided range of $15 million – $18 million.
- Price Action: BOOM shares traded higher by 0.09% at $21.25 on the last check Friday.
Carnival, Royal Caribbean Shares Are Moving Higher: What’s Going On?
Cruise line stocks Carnival and Royal Caribbean are moving Monday in the wake of Norwegian Cruise Line Holdings, which saw shares pop after the company raised its 2024 guidance and set new 2026 financial targets.
