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Exhibit 99.1

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FOR IMMEDIATE RELEASE
May 5, 2005
  CONTACT:
Geoff High
Pfeiffer High Investor Relations, Inc.
303-393-7044


DYNAMIC MATERIALS REPORTS FIRST QUARTER FINANCIAL RESULTS

Selected Highlights

        BOULDER, Colo. May 5, 2005—Dynamic Materials Corporation (DMC) (Nasdaq: BOOM), the world's leading provider of explosion-bonded clad metal plates and associated services, today reported financial results for the first quarter ended March 31, 2005.

        First quarter sales advanced 72% to $17.5 million from $10.2 million in the first quarter of 2004. Gross profit margin increased to 27% from 22% in last year's first quarter, reflecting a more favorable absorption of fixed manufacturing expenses within the European operations of the Company's Explosive Metalworking Group. Income from operations increased 247% to $2.7 million from $0.8 million in the first quarter last year. Net income increased 692% to $1.6 million, or $0.28 per diluted share, versus net income of $0.2 million, or $0.04 per diluted share, in the comparable year-ago quarter. Net income in last year's first quarter was impacted by a $0.2 million loss from discontinued operations, which resulted from operating losses by the Company's former Spin Forge division.

Explosive Metalworking Group

        Sales at DMC's Explosive Metalworking Group advanced 76% to $17.0 million from $9.7 million in last year's first quarter. Operating income in the quarter increased to $2.8 million from $0.8 million in the comparable period last year. Record first quarter bookings, which included a $5.3 million order for work on a nickel hydrometallurgy project in New Caledonia, helped fuel a 24% sequential increase in the Group's order backlog. At March 31, 2005, backlog totaled an all-time high $34.1 million compared with the previous high of $27.5 million at December 31, 2004.

AMK Welding

        Sales from the Company's AMK Welding division increased 9% to $0.54 million from $0.50 million in the first quarter last year. The division reported an operating loss of $0.11 million versus an operating loss of $0.05 million in the 2004 first quarter. The increased operating loss reflects greater spending by the division as it prepares for a significant ramp-up in business activity. AMK is expecting the second-quarter commencement of production work on a customer's ground-based turbine program. As a result, management expects marked improvement in AMK's sales and operating results during the remaining quarters of fiscal 2005.

Management Commentary

        Yvon Cariou, president and CEO, stated, "We remain very encouraged by the robust sales and production activity being reported across all segments of our Explosive Metalworking Group. Our achievement of both record bookings and solid revenue growth in the same quarter is indicative of the current strength of our business. Improving economic conditions in our primary target markets is clearly having a positive impact on demand."

        Cariou added, "We also are encouraged by the upcoming increase in activity at our specialty welding business. AMK played an important role in the development of a customer's ground-based turbine product, and will now participate in the commercial production phase. This step-up in activity should make 2005 a strong year for AMK."

        "In addition to our emphasis on revenue and earnings growth, we also are focused on strengthening our balance sheet. In the coming quarters, we will work to further reduce our current debt levels."

About Dynamic Materials Corporation

        Based in Boulder, Colorado, Dynamic Materials Corporation is a leading international metalworking company. Its products include explosion-bonded clad metal plates and other metal fabrications for use in a variety of industries, including petrochemicals, refining, hydrometallurgy, aluminum smelting and shipbuilding. The Company operates two business segments: the Explosive Metalworking Group, which uses proprietary explosive processes to fuse dissimilar 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. With more than 30 years of international experience, DMC has captured a commanding share of the worldwide market for explosion-bonded clad metals. 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: the ability to obtain new contracts at attractive prices; the size and timing of customer orders; fluctuations in customer demand; 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 the Company's facilities; the availability and cost of funds; and general economic conditions, both domestically and abroad; 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, 2004.

(Financial tables follow)


DYNAMIC MATERIALS CORPORATION & SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004

(Dollars in Thousands, Except Per Share Data)
(unaudited)

 
  2005
  2004
 
NET SALES   $ 17,510   $ 10,160  
COST OF PRODUCTS SOLD     12,860     7,895  
   
 
 
    Gross profit     4,650     2,265  
   
 
 
COSTS AND EXPENSES:              
  General and administrative expenses     809     727  
  Selling expenses     1,126     756  
   
 
 
    Total costs and expenses     1,935     1,483  
   
 
 
INCOME FROM OPERATIONS OF CONTINUING OPERATIONS     2,715     782  
OTHER INCOME (EXPENSE):              
  Other income     5     5  
  Interest expense     (86 )   (124 )
  Interest income     4     4  
   
 
 
    INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS     2,638     667  
INCOME TAX PROVISION     990     261  
   
 
 
INCOME FROM CONTINUING OPERATIONS BEFORE DISCONTINUED OPERATIONS     1,648     406  
LOSS FROM OPERATIONS OF DISCONTINUED OPERATIONS,              
NET OF TAX         (198 )
   
 
 
NET INCOME   $ 1,648   $ 208  
   
 
 
INCOME (LOSS) PER SHARE—BASIC:              
  Continuing operations   $ 0.31   $ 0.08  
  Discontinued operations         (0.04 )
   
 
 
  Net income   $ 0.31   $ 0.04  
   
 
 
INCOME (LOSS) PER SHARE—DILUTED:              
  Continuing operations   $ 0.28   $ 0.08  
  Discontinued operations         (0.04 )
   
 
 
  Net income   $ 0.28   $ 0.04  
   
 
 
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING—              
  Basic     5,347,130     5,089,549  
   
 
 
  Diluted     5,930,550     5,366,934  
   
 
 


DYNAMIC MATERIALS CORPORATION & SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands)

 
  March 31,
2005

  December 31,
2004

 
  (unaudited)

   
ASSETS            
Cash and cash equivalents   $ 1,523   $ 2,404
Accounts receivable, net     12,539     13,936
Inventories     8,424     8,000
Other current assets     1,232     1,906
   
 
  Total current assets     23,718     26,246
Property, plant and equipment, net     11,763     11,844
Other long-term assets     5,690     5,663
   
 
Total assets   $ 41,171   $ 43,753
   
 
LIABILITIES AND STOCKHOLDERS' EQUITY            
Accounts payable   $ 6,014   $ 6,041
Other current liabilities     3,979     4,519
Bank lines of credit     171     3,216
Current portion of long-term debt     2,169     3,186
   
 
  Total current liabilities     12,333     16,962
Long-term debt     2,797     2,906
Other long-term liabilities     3,773     3,815
Stockholders' equity     22,268     20,070
   
 
Total liabilities and stockholders' equity   $ 41,171   $ 43,753
   
 


DYNAMIC MATERIALS CORPORATION & SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004

(Dollars in Thousands)
(unaudited)

 
  2005
  2004
 
CASH FLOWS FROM OPERATING ACTIVITIES:              
  Income from continuing operations   $ 1,648   $ 406  
  Adjustments to reconcile income from continuing operations to net cash provided by operating activities—              
    Depreciation and amortization     366     342  
    Provision for deferred income taxes     (14 )   256  
    Tax benefit related to stock options     214      
    Change in working capital, net     27     343  
   
 
 
      Net cash flows provided by operating activities     2,241     1,347  
CASH FLOWS FROM INVESTING ACTIVITIES:              
  Payment received on other receivable     874      
  Acquisition of property, plant and equipment     (577 )   (490 )
  Change in other non-current assets     91     6  
   
 
 
    Net cash flows provided by (used in) investing activities     388     (484 )
   
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:              
  Borrowings/(repayments) on lines of credit, net     (3,170 )   100  
  Payments on long-term debt     (907 )   (558 )
  Net proceeds from issuance of common stock     620     12  
  Other cash flows from financing activities     4     4  
   
 
 
    Net cash flows used in financing activities     (3,453 )   (442 )
   
 
 
EFFECTS OF EXCHANGE RATES ON CASH     (57 )   (19 )
CASH FLOWS USED IN DISCONTINUED OPERATIONS         (401 )
   
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     (881 )   1  
CASH AND CASH EQUIVALENTS, beginning of the period     2,404     522  
   
 
 
CASH AND CASH EQUIVALENTS, end of the period   $ 1,523   $ 523  
   
 
 



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DYNAMIC MATERIALS REPORTS FIRST QUARTER FINANCIAL RESULTS