Overview

A class action lawsuit has been filed against DMC Global, Inc. (“DMC Global” or the “Company”) (NASDAQ: BOOM) and certain of the Company’s current senior executive officers alleging violations of the federal securities laws.  The DMC Global class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired DMC Global securities between May 3, 2024, and November 4, 2024, both dates inclusive (the “Class Period”).  Investors have until February 4, 2025, to seek appointment as lead plaintiff in the DMC Global class action lawsuit.

DMC Global began as an unincorporated business named “Explosive Fabricators,” established in Colorado in 1965.  It was incorporated in 1971 under the name “E.F. Industries, Inc.,” which later became “Explosive Fabricators, Inc.”  The Company went public in 1976.  In 1994, it rebranded as “Dynamic Materials Corporation.”  In 2001, DMC Global acquired substantially all of the stock of NobelClad Europe SA, a French company, expanding its explosive metalworking operations into Europe.  In 2007, the Company acquired DynaEnergetics GmbH & Co. KG, a German company, along with its affiliates, further enhancing its European operations and adding a complementary energy products business.

In 2013, DMC Global consolidated its explosive metalworking operations under the NobelClad brand and, in 2014, rebranded its energy products segment as DynaEnergetics.  The Company changed its name to DMC Global, Inc. in 2016.  In 2021, DMC Global acquired a 60% stake in Arcadia Products, LLC (“Arcadia Products”), diversifying its market reach and expanding its addressable markets.  As a result, DMC Global is now a publicly-traded, diversified industrial company that operates through three main business and reporting segments: (1) Arcadia Products: specializing in architectural building products, including composite decking, railing, and other outdoor living products; (2) DynaEnergetics: focusing on energy products, particularly in the oil and gas industry, offering perforating systems and other well-completion tools; and (3) NobelClad: developing and manufacturing explosion-resistant composite metals used in various industries, including oil and gas, marine, and defense.

The DMC Global class action lawsuit alleges that Defendants, throughout the Class Period, provided materially false and misleading statements and failed to disclose the following adverse facts about DMC Global’s business, operations, and prospects which were known to Defendants or recklessly disregarded by them.  Specifically, Defendants failed to disclose that: (1) the goodwill associated with Arcadia Products was overstated due to the adverse events and circumstances affecting that reporting segment; (2) DMC Global’s materially inadequate internal systems and processes were adversely affecting its operations; (3) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (4) as a result, Defendants misrepresented DMC Global’s operations and financial results; and/or (5) as a result, the Company’s public statements were materially false, misleading, or lacked a reasonable basis when made.

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If you purchased or otherwise acquired DMC Global securities between May 3, 2024, and November 4, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the DMC Global class action lawsuit is February 4, 2025.