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Earnings Analysis: 
Dynamic Mat, Building Materials Plunge 15%
Author: 123jump.com Staff
123jump.com
Last Update: 2:58 PM EST March 07 2008



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Dynamic Materials plunged 20% after it reported fourth quarter earnings that disappointed investors. The company also issued flat sales in the first quarter outlook. The stock fell sharply on 2.4 million trading volume or six times the average. Building Materials Holding plunged 15% after it reported fourth quarter sales decline of 30%.

 
Dynamic Materials Corporation (BOOM: chart), world''s leading providers of explosive metalworking reported fourth quarter sales increased 55% to $55.2 million from $35.7 million in the fourth quarter of 2006. Net income was $6.9 million, or $0.56 per share compare to $6.6 million, or $0.54 per diluted share, in same quarter of last year.

Sales in 2007 increased 46% to $165.2 million compared to $113.5 million in 2006. Full year net income was $24.6 million or $2.00 per diluted share compared to net income of $20.8 million, or $1.70 in 2006.

Dynamic Materials stock fell 20% to $43.03.

Building Materials Holding Corporation (BLG: chart), a provider of residential building products said sales for the fourth quarter 2007 decreased 30% to $419 million from $597 million in the same quarter a year-ago. Net loss for the quarter ended 2007 was $331.3 million or $11.44 per share compared to net income of $4.5 million or $0.15 per share for the same quarter of 2006.

Full year sales decreased 29% to $2.3 billion from $3.2 billion in 2006. Net loss for the year was $312.7 million or $10.86 per share compared to net income of $102.1 million or $3.45 per share in year of 2006.

Building Materials stocks fell 73 cents to $3.90.
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