DMC Global Inc. has released its financial results, revealing a notable year-over-year sales decrease, attributed to lower pricing and softer demand in North America. The adjusted EBITDA for Q2 2025 was $6.725 million, down from $12.445 million in Q2 2024, primarily due to less manufacturing cost absorption from lower sales. The operating income, as reported, for Q2 2025 was $516,000, a decline from $5.719 million in the same quarter of the previous year. On a quarter-over-quarter basis, the company experienced an increase in sales and adjusted EBITDA margin improvement, driven by increased international sales volume and lower material costs. However, the adjusted EBITDA margin contracted both year-over-year and sequentially due to a less favorable order mix. The company's total debt situation remains a concern, with amounts not including a potential $162.2 million obligation related to a non-controlling interest in Arcadia Products. No specific outlook or guidance was provided for future performance.