STOCK TITAN

Ducommun Incorporated - $DCO STOCK NEWS

Welcome to our dedicated page for Ducommun Incorporated news (Ticker: $DCO), a resource for investors and traders seeking the latest updates and insights on Ducommun Incorporated stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ducommun Incorporated's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ducommun Incorporated's position in the market.

Rhea-AI Summary

Ducommun Incorporated reported record Q1 revenue of $190.8 million, a 5.3% increase from Q1 2023. The net income was $6.8 million, up 70 bps year-over-year. Gross margin grew to 24.6%, a 430 bps increase, and adjusted EBITDA reached $27.4 million, up 170 bps. The Company highlighted strong performance in Commercial Aerospace and progress in their Vision 2027 Plan. Ducommun remains optimistic about achieving its long-term goals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Ducommun Incorporated, a global supplier of electronic and structural solutions for the aerospace & defense industry, has received the Lockheed Martin Aeronautics Elite Supplier Award for 2023. This recognition highlights Ducommun's exceptional performance in quality and delivery, alongside the Gulfstream Supplier of the Year honor. The award acknowledges Ducommun's engineering and manufacturing excellence in providing components for the F-35 platform, showcasing its commitment to excellence and value creation in the A&D markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.48%
Tags
none
-
Rhea-AI Summary
Albion River , through its affiliate Ignium LP, has increased its equity holdings in Ducommun Incorporated (NYSE: DCO) to over 9.2% of the outstanding shares. The company now owns more shares than all of Ducommun's management and board combined. Following Albion's bid disclosure, Ducommun's stock reached a 52-week high but dropped by 11% after the company stated it is not for sale. Albion urges Ducommun's board to disclose other offers received and convert any new stock-based compensation to options at a $60 strike price to limit shareholder dilution and align management with maximizing shareholder value. Albion believes public markets are not suitable for Ducommun's strategy and aims to engage directly with shareholders at the upcoming Annual General Meeting on April 24th.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.48%
Tags
none
Rhea-AI Summary
Ducommun Incorporated (NYSE: DCO) announced its plans to release the Company's 2024 first quarter financial results on May 8, 2024. The conference call hosted by the Company's executives will take place at 10:00 a.m. PT (1:00 p.m. ET) on the same day to review the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.49%
Tags
none
-
Rhea-AI Summary
Ducommun Incorporated rejects an unsolicited, non-binding indication of interest from Albion River, stating that the proposal undervalues the company and does not align with its long-term growth strategy. The Board of Directors believes that Ducommun's Vision 2027 Strategy offers better value creation opportunities for shareholders, with revenue and EBITDA margins showing significant growth over the years. Despite challenges like the COVID-19 pandemic and the 737MAX impact, Ducommun has managed to increase its market capitalization and revenue, positioning itself for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.68%
Tags
none
-
Rhea-AI Summary
Ducommun Incorporated (DCO) secures two major awards worth over $50M for Raytheon SPY-6 radar systems, signaling growth in the aerospace & defense sector. The awards include a $25M follow-on order and a new $25M order for circuit card assemblies manufactured in Tulsa, Oklahoma.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
Rhea-AI Summary
Ducommun Incorporated (NYSE: DCO) has received an unsolicited offer from Albion River to acquire all outstanding shares for $60.00 per share. The Board of Directors will review the proposal to determine its best interest. In 2023, Ducommun saw a market capitalization increase to $760M and achieved a record revenue of $757M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.99%
Tags
none
-
Rhea-AI Summary
Ducommun Incorporated (NYSE: DCO) has been named one of America's Most Responsible Companies 2024 by Newsweek, highlighting its commitment to corporate social responsibility and sustainability. The recognition is based on rigorous evaluation of key performance indicators and a survey of U.S. residents, showcasing Ducommun's dedication to environmental, social, and governance practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
none
-
Rhea-AI Summary
Ducommun Incorporated (NYSE: DCO) announces CEO's participation in the Citi Global Industrial Tech and Mobility Conference on February 21, 2024. The fireside chat will take place at 11:20 a.m. Eastern. Institutional investors can arrange one-on-one meetings with management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
conferences
Rhea-AI Summary
Ducommun Incorporated (NYSE: DCO) achieved new all-time highs in revenue and adjusted EBITDA in 2023, reaching $757 million and $102 million, respectively. The company reported strong fourth-quarter results with revenue of $192.2 million, GAAP net income of $5.1 million, and adjusted net income of $10.4 million. Ducommun's strategic pricing initiatives and productivity improvements led to gross margin growth and record full-year revenue. The company also ended the year with a solid backlog of approximately $994 million, showing growth potential in both commercial aerospace and military and space sectors. Despite a slight decrease in net income year-over-year, Ducommun remains optimistic about continued growth in 2024, fueled by record order bookings and anticipated production rate increases at Boeing and Airbus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
Ducommun Incorporated

NYSE:DCO

DCO Rankings

DCO Stock Data

807.90M
12.14M
17.18%
89.14%
1.47%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States of America
SANTA ANA

About DCO

ducommun is a global provider of manufacturing and engineering services, developing innovative electronic, engineered and structural solutions for complex applications in aerospace, defense, industrial, natural resources and medical markets. we leverage our full-service collaborative approach, broad capabilities, and value-added services, such as prototyping, new product introduction, supply chain strategies and program management, to create value for our customers and find innovative answers to their complex electronic and structural needs. our vision is to be our customers' #1 provider of innovative electronics and structures solutions.