DYNACOR GROUP (DNG) Q2 2024 earnings summary

Executive summary

• Sales for the six months ended June 30, 2024, reached $135.2 million, up from $121.2 million year-over-year.

• Net income for the six-month period was $9.3 million, compared to $8.9 million for the same period in 2023.

• All sales are derived from gold and silver ore processing operations in Peru; no mining production properties are held.

Financial highlights

• Gross operating margin for the six months was $19.1 million, up from $15.5 million year-over-year.

• Operating income for the six months was $14.8 million, compared to $11.7 million in 2023.

• Cash at June 30, 2024, was $34.7 million, up from $22.5 million at December 31, 2023.

• Dividends paid in the six months totaled $1.89 million.

• 964,000 shares were repurchased for $2.89 million during the period.

Key financial ratios and metrics

• Basic and diluted EPS for the six months were $0.25 and $0.23, respectively, up from $0.23 and $0.23 in 2023.

• Gross margin for the six months was 14.2%, compared to 12.8% in 2023.

• Return on equity (ROE) for the six months was approximately 9.8%.