Slide 1: First Quarter 2026 Earnings Presentation
First Quarter 2026 Earnings Presentation April 30, 2026 ARCADIA PRODUCTS’ EXTERIOR ALUMINUM FRAMING SYSTEMS USED IN PINAL COUNTY ATTORNEY OFFICE BUILDING - PINAL COUNTY, AZ © 2026 DMC. All rights reserved.
Slide 2: Use of Non-GAAP Financial Measures & Safe Harbor Language
USE OF NON-GAAP FINANCIAL MEASURES & SAFE HARBOR LANGUAGE *Use of Non-GAAP Financial Measures Adjusted net income (loss), adjusted diluted EPS, adjusted EBITDA, net debt, and free-cash flow are non-GAAP financial measures used by management to measure operating performance. For reconciliations of th
Slide 3: Agenda
AGENDA Opening Remarks & Business-Level Update • James O’Leary – CEO Financial Results & Guidance • Eric Walter – CFO Questions and Answers EXPLOSIVE SHAPED CHARGES ARE CRITICAL COMPONENTS IN WELL PERFORATING SYSTEMS FROM DYNAENERGETICS 3
Slide 4: First Quarter Summary
FIRST QUARTER SUMMARY • Consolidated sales were $135.6 million, down 15% vs Q1 ‘25 and down 6% sequentially • YoY decline reflects lower sales volumes in longer-cycle commercial and high-end residential markets at Arcadia Products, lower sales volumes and a decrease in pricing due to a highly compet
Slide 5: DMC Q1 2026 Financial Highlights
DMC Q1 2026 FINANCIAL HIGHLIGHTS Sales Adjusted EBITDA / % of Sales $20 $18 / 11.4% $180 $159 3.7 $144 $15 $150 28.2 $136 17.7 19.3 $120 $10 $90 65.6 68.9 14.4 $5 / 4.0% 59.5 $5 1.6 $60 $0 / 0.0% 3.9 $30 65.6 1.6 57.0 56.7 $0 -1.6 $0 Q1 ' 25 Q4 '25 Q1 ' 26 Q1 ' 25 Q4 '25 Q1 ' 26 -$5 $ In Millions $
Slide 6: First Quarter 2026 Business-Level Financial Performance
FIRST QUARTER 2026 BUSINESS-LEVEL FINANCIAL PERFORMANCE Arcadia DynaEnergetics NobelClad Sales Sales Sales $80 $80 $66 $69 $30 $28 $66 $57 $57 $60 $60 $60 $18 $19 $20 $40 $40 $20 $20 $10 $0 $0 $0 Q1 ' 25 Q4 '25 Q1 ' 26 Q1 ' 25 Q4 '25 Q1 ' 26 Q1 ' 25 Q4 '25 Q1 ' 26 $ In Millions $ In Millions $ In Mi
Slide 7: Deleveraging Progress
DELEVERAGING PROGRESS (2)(3) Total Debt Net Debt (1) $160 $140 $120 $100 $80 $60 $40 $20 $0 '22 '25 '23 '24 '25 '22 '23 '24 '22 '23 '24 ' 26 '25 ' 25 '23 '24 '22 Q4 Q1 Q3 Q4 Q2 Q2 Q3 Q4 Q1 Q1 Q2 Q2 Q3 Q4 Q3 Q1 Q1 (1) Amounts in millions (2) Net of deferred financing costs (3) Total debt does not inc
Slide 8: Guidance for Second Quarter 2026
GUIDANCE FOR SECOND QUARTER 2026 Measure Expected Range DMC Consolidated Sales $148M - $158M Adjusted EBITDA attributable to DMC $6M - $8M Note: DMC’s second quarter guidance does not contemplate increased disruptions in international supply chains, which could delay shipments by DynaEnergetics into
Slide 9: Net Debt and Free-Cash Flow
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – NET DEBT AND FREE-CASH FLOW ($000’s) Q1 2026 Long-term debt $50,204 Current portion of long-term debt 3,750 Less: Cash and cash equivalents (31,511) Total net debt $22,443 Net cash used in operating activities $(2,379) Less: Acquisition of propert
Slide 10: Consolidated Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – CONSOLIDATED ADJUSTED EBITDA ($000’s) Q1 2026 Q4 2025 Q1 2025 Net loss (income) (6,810) (11,859) 1,863 Interest expense, net 1,461 1,351 1,699 Income tax provision (benefit) 1,221 (800) 2,733 Depreciation 3,715 3,804 3,660 Amortization of purchase
Slide 11: Arcadia Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – ARCADIA ADJUSTED EBITDA ($000’s) Q1 2026 Q4 2025 Q1 2025 Operating (loss) income, as reported (2,002) (1,891) 2,996 Adjustments: Depreciation 1,029 1,017 1,006 Amortization of purchased intangible assets 4,356 4,763 4,763 Stock-based compensation
Slide 12: DynaEnergetics Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – DYNAENERGETICS ADJUSTED EBITDA ($000’s) Q1 2026 Q4 2025 Q1 2025 Operating income (loss), as reported 912 (4,626) 5,588 Adjustments: Depreciation 1,763 1,886 1,791 Restructuring expenses 71 - - Adjusted EBITDA 2,746 (2,740) 7,379 2026 First Quarter
Slide 13: NobelClad Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – NOBELCLAD ADJUSTED EBITDA ($000’s) Q1 2026 Q4 2025 Q1 2025 Operating income, as reported 1,052 1,279 4,622 Adjustments: Depreciation 841 823 794 Adjusted EBITDA 1,893 2,102 5,416 2026 First Quarter Earnings Presentation 13
Slide 14: Reconciliations of Non-GAAP Financial Measurements - Diluted EPS From Continuing Operations
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS - DILUTED EPS FROM CONTINUING OPERATIONS ($MM except per share amounts) Amount Per Share (1) Amount Per Share (2) Amount Per Share (3) Q1 2026 Q4 2025 Q1 2025 Net (loss) income attributable to $(6.1) $(0.30) $(11.2) $(0.56) $0.7 $0.03 DMC Global Inc