Dynamic Materials Torches Targets

Dynamic Materials' (BOOM Quote) second-quarter earnings more than doubled as some orders scheduled for delivery later in the year shipped earlier than expected.

The Boulder, Colo., maker of explosion-welded clad metal plates made $5 million, or 41 cents a share for the quarter ended June 30, up from the year-ago $2.1 million, or 18 cents a share. Sales rose 51% from a year ago and 10% sequentially to $27.8 million.

Analysts surveyed by Thomson Financial were looking for a 28-cent profit on sales of $24.3 million.

"Second quarter sales were better than anticipated due in part to early fulfillment of certain orders originally scheduled for delivery in the third quarter," said finance chief Rick Santa. "Our current expectations are that our top- and bottom-line performance during the second half of 2006 will be comparable to our results during the first half of the year.

"Although sales and gross margin during the third quarter may be below results reported in the first and second quarters," Santa continued, "our fourth quarter performance should be strong thanks in part to our expected deliveries on the $11 million refinery order we received during the second quarter."

Shares rose $1.90 late Thursday to $34.97.