DMC Global Appoints Eric Walter As Finance Chief

DMC Global Appoints Eric Walter As Finance Chief
  • DMC Global Inc 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. 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.

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