[GRAPHIC OMITTED][GRAPHIC OMITTED] FOR IMMEDIATE RELEASE CONTACT: April 27, 2006 Pfeiffer High Investor Relations, Inc. Geoff High 303-393-7044 DYNAMIC MATERIALS REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS Selected Highlights o Operating income up 137% to $6.4 million on 44% increase in sales versus first quarter last year o Income from continuing operations up 151% to $4.1 million versus first quarter last year o $42.3 million backlog at Explosive Metalworking segment again a record o Cash position improves to $13.1 million BOULDER, Colo. - April 27, 2006 - Dynamic Materials Corporation (DMC) (Nasdaq: BOOM), a leading provider of explosion-welded clad metal plates and associated services, today reported financial results for its first quarter ended March 31, 2006. First quarter sales increased 44% to $25.2 million from $17.5 million in the first quarter last year, and were up 9% from $23.2 million reported in last year's fourth quarter. Gross margin improved to 37% from 27% in the same quarter a year ago, and from 32% in the 2005 fourth quarter. The gross margin improvement was attributable to the benefit of spreading fixed manufacturing overhead expenses over higher sales volume, as well as positive changes in product mix and order size at the company's Explosive Metalworking segment. During the first quarter, the segment performed work on two significant contracts, one involving a major North American refinery expansion and the other relating to an international petrochemical project. Income from operations during the first quarter advanced 137% to $6.4 million from $2.7 million in the comparable year-ago quarter, and increased 24% from $5.2 million reported in last year's fourth quarter. Net income increased 233% to $5.5 million, or $0.45 per diluted share, from $1.6 million, or $0.14 per diluted share, in last year's first quarter. First quarter net income was up 59% from $3.5 million, or $0.28 per diluted share, reported in last year's fourth quarter. First quarter net income included a gain from discontinued operations of $1.4 million, net of tax, which is attributable to the sale of a real estate purchase option associated with the company's former Spin Forge division. Excluding such gain, income from continuing operations was $4.1 million, or $0.34 per diluted share. Explosive Metalworking The company's Explosive Metalworking segment reported sales of $24.2 million, up 42% from $17.0 million reported in the first quarter a year ago, and an increase of 9% versus $22.2 million reported in last year's fourth quarter. Operating income increased 135% to $6.7 million from $2.8 million in the comparable year-ago quarter, and was up 31% from fourth quarter 2005 operating income of $5.1 million. The segment's order backlog increased slightly to $42.3 million at the end of the quarter, eclipsing the previous all-time high of $42.0 million established as of December 31, 2005. AMK Welding The company's AMK Welding segment recorded sales of $1.0 million, up 84% from $543,000 reported in the first quarter last year, and flat versus $1.0 million recorded in last year's fourth quarter. AMK achieved operating income of $108,000 as compared with a loss from operations of $115,000 in the comparable year-ago quarter. AMK's operating income in last year's fourth quarter was $123,000. Management Commentary "We are very encouraged by our first quarter performance, which represents a strong start to fiscal 2006," said Yvon Cariou, president and chief executive officer. "In addition to achieving significant revenue and earnings growth, we maintained a record-level order backlog at our Explosive Metalworking segment. These results are indicative of the continued strong demand we are experiencing in our worldwide target markets. They also reflect the talent and experience of DMC's sales, production and support teams, which we believe represent some of our greatest corporate assets." Rick Santa, chief financial officer, said, "First quarter financial results were positively impacted by deliveries on two large contracts. Our gross margin performance, in particular, benefited from shipments under these orders and an otherwise favorable product mix. Our sales, net earnings and gross margins are likely to continue to fluctuate from quarter-to-quarter and, in light of the record results posted in the first quarter of 2006, we expect that our sales, net earnings and gross margins for the second quarter may be somewhat lower than they were in the first quarter." Santa added, "Cash, cash equivalents and marketable securities have increased by more than $5.4 million since December 31, 2005, and stood at $13.1 million at the end of the first quarter. Our strong working capital position has allowed us to commence our previously discussed capital improvements and facilities expansion as scheduled." About Dynamic Materials Corporation Based in Boulder, Colorado, Dynamic Materials Corporation is a leading international metalworking company. Its products include explosion-welded clad metal plates and other metal fabrications for use in a variety of industries, including upstream oil and gas, oil refinery, petrochemicals, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration and similar industries. The company operates two business segments: Explosive Metalworking, which uses proprietary explosive processes to fuse different metals and alloys, and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines. For more information, visit the company's website at www.dynamicmaterials.com. Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties including, but not limited to, the following: our ability to obtain new contracts at attractive prices; the size and timing of customer orders and shipment; fluctuations in customer demand; changes to customer orders; competitive factors; the timely completion of contracts; the timing and size of expenditures; the timely receipt of government approvals and permits; the adequacy of local labor supplies at our facilities; current or future limits on manufacturing capacity at our various operations; the availability and cost of funds; and general economic conditions, both domestic and foreign, impacting our business and the business of the end-market users we serve; as well as the other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended December 31, 2005. ### DYNAMIC MATERIALS CORPORATION & SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2006 AND 2005 (Dollars in Thousands, Except Share Data) (unaudited)