A specialized industrial 3M.

• Architectural Building Materials: Manufactures and sells a range of architectural building materials including storefronts, windows, curtain walls, and framing systems.
• Perforating Systems: Designs, manufactures, and markets systems for oil and gas well perforating, including shaped charges, detonating cords, and gun hardware.
• Explosion-welded Clad Metal Plates: Produces and sells specialized metal plates used in the construction of heavy, corrosion-resistant pressure vessels and heat exchangers.

DMC Global (BOOM) sells primarily to other companies (B2B) across its three segments. Based on the provided description, the company's major customers fall into the following categories, rather than specific named companies:

• Arcadia Segment: Customers are typically contractors, developers, and institutional clients involved in the construction and development of various building types. These include projects for office towers, hotels, education and athletic facilities, healthcare facilities, government buildings, retail centers, luxury homes, mixed-use, and multi-family residential buildings.
• DynaEnergetics Segment: Customers are companies within the oil and gas industry, specifically oil and gas exploration and production companies, and oilfield service companies that utilize perforating systems and associated hardware.
• NobelClad Segment: Customers include manufacturers of heavy, corrosion-resistant pressure vessels and heat exchangers, as well as engineering, procurement, and construction (EPC) firms and fabricators. These customers serve diverse industrial sectors such as oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, and industrial refrigeration.

James O'Leary, President & CEO and Executive Chairman of the Board

Mr. O'Leary was appointed President and CEO of DMC Global Inc. in June 2025, having previously served as interim President and CEO since November 2024. He joined the DMC Board of Directors in November 2023. He brings nearly four decades of executive leadership, finance, capital markets, and board-level experience, with extensive expertise in the construction and industrial manufacturing industries. Mr. O'Leary also serves on the board of publicly traded Builders FirstSource, Inc.

Eric Walter, Chief Financial Officer

Mr. Walter joined DMC Global in 2023 as Chief Financial Officer. Before joining DMC, he spent five years with Jacobs (NYSE: J), a global engineering and professional services firm, where from 2020 to 2023, he was CFO of its largest division, the People & Places Solutions business, which generated $9 billion in annual revenue. He was responsible for creating Jacobs' financial planning and analysis organization, enhancing management reporting processes, and overseeing a global finance team of over 800 employees. Prior to Jacobs, Mr. Walter served as Vice President and Corporate Controller of Veritiv (NYSE: VRTV), a packaging, printing, and logistics company, where he played a key role in its 2014 initial public offering, drafting the S-1 registration statement, establishing the SEC reporting function, and implementing its Sarbanes-Oxley readiness program.

Ian Grieves, President and Managing Director, DynaEnergetics

Mr. Grieves is the President and Managing Director of DynaEnergetics, a business unit of DMC Global. He joined DynaEnergetics in January 2013, initially as SVP/GM. His prior experience includes senior operating roles at Lydall and AAF International. Mr. Grieves studied economics at the University of Sunderland, U.K.

Antoine Nobili, President, NobelClad

Mr. Nobili has served as President of NobelClad, a DMC Global segment, since July 2020. He has a long history with NobelClad, having joined the company in 1995 in Research & Development. He advanced to Product Manager in 2000, General Manager of the Rivesaltes, France plant in 2003, and then Managing Director EMEA in 2009, leading European operations for 11 years. Mr. Nobili holds an MBA from IFG (France) and a master's in mechanical engineering from ENIT Tarbes.

Brett Seger, Chief Accounting Officer

Mr. Seger was appointed Chief Accounting Officer of DMC Global in March 2023, after joining the company in January 2022 as Vice President of Finance Integration. In his role, he leads DMC's corporate accounting function, including external financial reporting, consolidation activities, and the implementation of new accounting systems and policies. Before joining DMC, Mr. Seger spent over a decade at Ernst & Young LLP, where he was a Senior Manager of Assurance Services, responsible for managing audit strategies for multiple publicly traded companies. He holds a bachelor's degree in accounting and a Master of Business Administration from the University of Denver, and is a Certified Public Accountant (CPA).

• Dependence on Volatile End Markets (Oil and Gas & Construction): DMC Global's performance is heavily tied to the cyclicality and volatility of the oil and gas industry, primarily through its DynaEnergetics segment, which provides perforating systems. Fluctuations in crude oil and natural gas prices, and corresponding changes in exploration and production (E&P) spending and frac crew activity, directly impact demand and profitability for this segment. Similarly, its Arcadia segment, which manufactures architectural building materials, is highly sensitive to interest rates and general economic conditions affecting the commercial and high-end residential construction markets, leading to project deferrals and reduced activity. The NobelClad segment, serving heavy industries including oil and gas, chemical, petrochemical, and alternative energy, also relies on capital expenditures in these sectors, making it susceptible to broad industrial cycles.
• Impact of Tariffs and Raw Material Price Volatility: The company is significantly exposed to tariff policies, particularly Section 232 steel and aluminum duties, which are identified as a primary near-term risk. These tariffs increase input costs and lead to margin compression for its manufacturing segments, especially DynaEnergetics and NobelClad. Additionally, general volatility in raw material prices, such as aluminum, can impact production costs and overall profitability across all its businesses.
• Intense Competition and Pricing Pressure: DMC Global operates in competitive markets, leading to persistent pricing pressures across its segments. The Arcadia segment faces competitive pricing in slower construction markets. The DynaEnergetics segment also grapples with a difficult pricing environment, exacerbated by fewer operating frac crews in the North American unconventional market. This competitive landscape, combined with fluctuating demand and rising input costs due to tariffs, can compress profit margins throughout the company.

The global energy transition away from fossil fuels represents a clear emerging threat to DMC Global. Its DynaEnergetics segment designs, manufactures, and sells perforating systems and associated hardware exclusively for the oil and gas industry. A sustained shift towards renewable energy sources and electrification, coupled with declining investment in new oil and gas exploration and production, directly threatens the long-term demand for products from this segment. Similarly, the NobelClad segment, which produces explosion-welded clad metal plates for industries including oil and gas, chemical, and petrochemical, could see reduced demand from these sectors as the energy landscape evolves.

DMC Global (symbol: BOOM) operates in diverse markets through its three segments: Arcadia, DynaEnergetics, and NobelClad. The addressable markets for their main products and services are sized as follows:

Arcadia Segment (Architectural Building Materials)

• Arcadia operates within a segment of the architectural products industry in the U.S. with an addressable market size of approximately $4.5 billion.
• More broadly, the global curtain walls market was estimated at USD 50.97 billion in 2024 and is projected to reach approximately USD 106.23 billion by 2034.
• The global windows and doors market was valued at USD 209.99 billion in 2024 and is expected to grow to USD 315.01 billion by 2032.

DynaEnergetics Segment (Perforating Systems for Oil & Gas)

• The global perforating gun market, which includes DynaEnergetics' specialized perforating systems, was valued at USD 1.41 billion in 2025 and is projected to grow to USD 2.50 billion by 2034.

NobelClad Segment (Explosion-Welded Clad Metal Plates)

• The global market for explosion-bonded clad plates was valued at approximately USD 1.12 billion (USD 1123.56 million) in 2025 and is projected to reach USD 1.80 billion (USD 1804.34 million) by 2033.
• The broader global clad metals market was estimated to be worth US$ 2.49 billion in 2024 and is forecast to reach US$ 4.16 billion by 2031.