Robbins LLP is Investigating Allegations that DMC Global Inc. (BOOM) Misled Investors Regarding its Operations and Financial Results

Robbins LLP informs investors that a class action was filed on behalf of purchasers of DMC Global Inc. (NASDAQ: BOOM) securities between May 3, 2024 and November 4, 2024.  DMC Global is a diversified industrial company.

The Allegations

According to the complaint, during the class period, defendants failed to disclose that: (i) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global’s materially inadequate internal systems and processes were adversely affecting its operations; (iii) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; and (iv) as a result, defendants misrepresented DMC Global’s operations and financial results.

Plaintiff alleges that on October 21, 2024, the Company issued a press release lowering its third quarter financial guidance. On this news, DMC Global common stock dropped more than 18%, to close at $10.57 per share on October 22, 2024. Then, on November 4, 2024, the Company released disappointing fourth quarter financial results. On this news, DMC Global common stock dropped another 6%, from $9.84 per share on November 4, 2024, to a close of $9.25 per share the next day.

What Now: You may be eligible to participate in the class action against DMC Global Inc. Shareholders who want to serve as lead plaintiff for the class should contact Robbins LLP. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.  You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.