v3.26.1
BUSINESS SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information is as follows for the three months ended June 30, 2026:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$67,419 $67,383 $22,151 $156,953 
Cost of products sold48,755 56,669 17,141 122,565 
Gross profit18,664 10,714 5,010 34,388 
Stock-based compensation*78 — — 78 
General and administrative expenses6,145 2,619 746 9,510 
Selling and distribution expenses4,392 4,101 2,081 10,574 
Amortization of purchased intangible assets4,357 — — 4,357 
Restructuring expenses and asset impairments47 67 — 114 
Operating income3,645 3,927 2,183 9,755 
Unallocated corporate expenses(3,684)
Unallocated stock-based compensation*(853)
Other income, net15 
Interest expense, net(1,280)
Income before income taxes3,953 
Income tax provision1,936 
Net income$2,017 
Segment information is as follows for the six months ended June 30, 2026:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$124,125 $126,930 $41,493 $292,548 
Cost of products sold91,796 108,711 32,106 232,613 
Gross profit32,329 18,219 9,387 59,935 
Stock-based compensation*102 — — 102 
General and administrative expenses12,512 5,259 1,914 19,685 
Selling and distribution expenses8,817 7,983 4,238 21,038 
Amortization of purchased intangible assets8,713 — — 8,713 
Restructuring expenses and asset impairments542 138 — 680 
Operating income1,643 4,839 3,235 9,717 
Unallocated corporate expenses(6,851)
Unallocated stock-based compensation*(1,731)
Other expense, net(30)
Interest expense, net(2,741)
Loss before income taxes(1,636)
Income tax provision3,157 
Net loss$(4,793)
Segment information is as follows for the three months ended June 30, 2025:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$61,980 $66,862 $26,645 $155,487 
Cost of products sold45,730 52,903 20,052 118,685 
Gross profit16,250 13,959 6,593 36,802 
Stock-based compensation*238 — — 238 
General and administrative expenses6,327 3,028 852 10,207 
Selling and distribution expenses4,214 3,774 2,123 10,111 
Amortization of purchased intangible assets4,763 — — 4,763 
Restructuring expenses and asset impairments192 746 211 1,149 
Operating income516 6,411 3,407 10,334 
Unallocated corporate expenses(5,258)
Unallocated stock-based compensation*(1,179)
Other expense, net(346)
Interest expense, net(1,811)
Income before income taxes1,740 
Income tax provision1,419 
Net income$321 
Segment information is as follows for the six months ended June 30, 2025:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$127,560 $132,413 $54,804 $314,777 
Cost of products sold90,949 105,643 40,114 236,706 
Gross profit36,611 26,770 14,690 78,071 
Stock-based compensation*475 — — 475 
General and administrative expenses13,633 5,775 2,043 21,451 
Selling and distribution expenses8,948 8,250 4,407 21,605 
Amortization of purchased intangible assets9,526 — — 9,526 
Restructuring expenses and asset impairments517 746 211 1,474 
Operating income3,512 11,999 8,029 23,540 
Unallocated corporate expenses(10,625)
Unallocated stock-based compensation*(2,505)
Other expense, net(564)
Interest expense, net(3,510)
Income before income taxes6,336 
Income tax provision4,152 
Net income$2,184 
*    Stock-based compensation is not allocated to wholly owned segments DynaEnergetics and NobelClad. Stock-based compensation is allocated to the Arcadia Products segment as 60% of such expense is attributable to the Company, whereas the remaining 40% is attributable to the redeemable noncontrolling interest holder.
Three months ended June 30,Six months ended June 30,
2026202520262025
Depreciation and amortization:
Arcadia Products$5,380 $5,779 $10,765 $11,548 
DynaEnergetics1,644 1,822 3,407 3,613 
NobelClad849 781 1,690 1,575 
Segment depreciation and amortization7,873 8,382 15,862 16,736 
Corporate and other72 88 154 157 
Consolidated depreciation and amortization$7,945 $8,470 $16,016 $16,893 
The disaggregation of revenue earned from contracts with customers is based on the geographic location of the customer. For Arcadia Products, net sales have been presented consistent with United States regional definitions as provided by the American Institute of Architects. For DynaEnergetics and NobelClad, all net sales are from products shipped from our manufacturing facilities and distribution centers located in the United States, Germany, and Canada. The following represents our net sales based on the geographic location of the customer for the periods presented:
Arcadia Products
Three months ended June 30,Six months ended June 30,
2026202520262025
West$54,878 $50,171 $102,641 $106,531 
South5,908 5,820 10,494 10,994 
Northeast3,535 3,490 6,095 5,636 
Midwest3,098 2,499 4,895 4,399 
Total Arcadia Products$67,419 $61,980 $124,125 $127,560 
DynaEnergetics
 Three months ended June 30,Six months ended June 30,
 2026202520262025
United States$51,521 $52,155 $100,126 $105,451 
Turkmenistan3,485 — 3,485 — 
Canada2,918 4,053 4,513 7,866 
Algeria1,551 421 1,954 561 
Oman348 805 348 2,844 
Indonesia119 1,422 742 2,536 
Ukraine— 2,126 30 2,365 
Turkey— 20 3,154 526 
Rest of the world (1)
7,441 5,860 12,578 10,264 
Total DynaEnergetics$67,383 $66,862 $126,930 $132,413 
(1)        Rest of the world does not include any individual country comprising sales greater than 2% of total DynaEnergetics revenue.
NobelClad
 Three months ended June 30,Six months ended June 30,
2026202520262025
China$7,396 $542 $12,865 $571 
United States6,277 8,385 10,892 17,347 
India1,518 347 1,698 546 
Netherlands1,365 653 1,937 1,020 
Sweden834 353 3,603 1,067 
United Arab Emirates606 441 1,334 1,416 
Canada597 2,804 2,299 5,037 
Germany549 5,401 1,088 15,151 
France486 1,094 961 1,501 
Australia309 118 1,066 639 
Belgium179 2,306 235 2,818 
South Korea119 1,471 248 1,720 
Saudi Arabia22 855 70 2,654 
Rest of the world (1)
1,894 1,875 3,197 3,317 
Total NobelClad$22,151 $26,645 $41,493 $54,804 
(1)        Rest of the world does not include any individual country comprising sales greater than 2% of total NobelClad revenue.