Dynamic Materials Named Colorado's Fastest Growing Public Company by the Denver Business Journal
12 October 2005 - 11:00PM
PR Newswire (US)
Selection Based on Two-year Net Income Growth BOULDER, Colo., Oct.
12 /PRNewswire-FirstCall/ -- Dynamic Materials Corporation (DMC)
(NASDAQ:BOOM), the world's leading provider of explosion- welded
clad metal plates and associated services, today announced it has
been named the fastest growing public company in Colorado by the
Denver Business Journal (DBJ), a leading weekly business
publication circulated to more than 14,000 paying subscribers. The
DBJ used net income growth over the two-year period from 2002 to
2004 as its selection criteria. Dynamic Materials reported
bottom-line growth of 1,566 percent during the period. The
number-two company achieved a net income increase of 806 percent
during the same timeframe. Yvon Cariou, president and CEO of DMC,
said, "This award is a tribute to the efforts of a talented and
dedicated workforce. The entire DMC team has been very focused on
growing our business, maintaining our leadership position in the
explosion welding industry, and enhancing shareholder value. It is
gratifying to be recognized for our efforts." About Dynamic
Materials Corporation Based in Boulder, Colorado, Dynamic Materials
Corporation is a leading international metalworking company. Its
products include explosion-welded clad metal plates and other metal
fabrications for use in a variety of industries, including
petrochemicals, refining, hydrometallurgy, aluminum smelting and
shipbuilding. The company operates two business segments: the
Explosive Metalworking Group, which uses proprietary explosive
processes to fuse dissimilar metals and alloys, and AMK Welding,
which utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet
engines. With more than 30 years of international experience, DMC
has captured a commanding share of the worldwide market for
explosion-welded clad metals. For more information, visit the
company's website at http://www.dynamicmaterials.com/. Except for
the historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties including, but not limited to, the following: the
ability to obtain new contracts at attractive prices; the size and
timing of customer orders; fluctuations in customer demand;
competitive factors; the timely completion of contracts; the timing
and size of expenditures; the timely receipt of government
approvals and permits; the adequacy of local labor supplies at the
company's facilities; the availability and cost of funds; and
general economic conditions, both domestically and abroad; as well
as the other risks detailed from time to time in the company's SEC
reports, including the report on Form 10-K for the year ended
December 31, 2004. DATASOURCE: Dynamic Materials Corporation
CONTACT: Geoff High of Pfeiffer High Investor Relations, Inc.,
+1-303-393-7044, for Dynamic Materials Corporation Web site:
http://www.dynamicmaterials.com/
Copyright
DMC Global (NASDAQ:BOOM)
Historical Stock Chart
From Jun 2024 to Jul 2024
DMC Global (NASDAQ:BOOM)
Historical Stock Chart
From Jul 2023 to Jul 2024