Dmc global revises fourth quarter sales forecast

Dmc global revises fourth quarter sales forecast.sees q4 2019 sales $82 million to $86 million.dmc global- forecast revision is due to sharp decline in north american well completion activity, significant pricing pressure affecting dynaenergetics.dmc global - q4 sales at dynaenergetics are expected in a range of $62 million to $64 million.dmc global - full-year adjusted earnings per share are expected to be in range of $3.50 to $3.60.dmc global- dynaenergetics turned away multiple order opportunities that didn't meet margin objectives co seeks for differentiated perforating systems.dmc global - dynaenergetics sales activity to begin to recover early next year, as exploration, production cos commence 2020 well completion programs.dmc global - annual cost savings related to reduction in fixed overhead and general and administrative expenses are expected to be about $2.0 million.dmc global- restructuring charges, which primarily address severance costs for headcount reduction of 54 employees, expected to be about $750,000.
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