Ducommun Inc Del Stock Price, News & Analysis

Ducommun Incorporated (NYSE:DCO) reported a solid finish to 2020, with Q4 revenue of $157.8 million and GAAP net income of $9.7 million ($0.80 per diluted share). The Company achieved a gross margin of 22.1%, an increase from the previous year. Military and space revenue surged over 25% in Q4, contributing to a record annual revenue of $425 million. Despite a 15.6% decrease in revenue year-over-year, ongoing cost-saving initiatives and a favorable product mix boosted financial performance. The Company anticipates growth driven by defense backlogs and recovering commercial aviation demand in 2021.

Ducommun Incorporated (NYSE: DCO) announced it will release its 2020 fourth quarter financial results post-market on February 11, 2021. A conference call with Chairman Stephen G. Oswald and CFO Christopher D. Wampler will occur at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results and address questions. Interested parties can participate by calling 844-239-5278 (international 574-990-1017) and using passcode 1085599. The call will also be available via webcast on Ducommun's website, with a replay option following the event.

Ducommun Incorporated (NYSE: DCO) has promoted Christopher D. Wampler to Chief Financial Officer, Controller & Treasurer, effective immediately. Wampler, who has served as Interim CFO since the past year, has been with the company since 2013, previously holding various financial roles. CEO Stephen G. Oswald expressed confidence in Wampler's leadership to drive value for stakeholders. With a strong background in finance and a commitment to business excellence, Wampler aims to enhance shareholder value and operational success at Ducommun.

Ducommun Incorporated (NYSE:DCO) announced that Stephen G. Oswald, chairman, president, and CEO, along with Christopher D. Wampler, interim CFO and treasurer, will participate in the Truist Virtual Industrials & Services Summit on December 8, 2020. This event will provide institutional investors an opportunity for one-on-one discussions with management. Further details, including presentation materials, will be accessible on the company's website.

Ducommun specializes in innovative manufacturing solutions for aerospace, defense, and industrial markets, focusing on Electronic and Structural Systems.

Ducommun reported a strong Q3 2020, with revenue of $150.4 million despite a 17% decline year-over-year. The military and space segment saw a remarkable 40% growth, contributing to the overall performance. Net income was $6.5 million, or $0.54 per diluted share. Gross margin increased to 22.3%, aided by improved efficiency. However, commercial aerospace revenue fell significantly, impacting overall results. The company maintains a record military backlog of $796 million, positioning it for future growth.

Ducommun Incorporated (NYSE: DCO) plans to release its third quarter financial results for 2020 after market close on October 28. The conference call to discuss these results will be hosted by CEO Stephen G. Oswald and VP Christopher D. Wampler at 2:00 p.m. PT. Participants can join the call by dialing 844-239-5278 or via webcast on Ducommun's website. The discussion, including a Q&A session, is expected to last approximately 45 minutes. For further details and to access the replay, visit www.ducommun.com.

Ducommun Incorporated (NYSE:DCO) reported second quarter 2020 results with revenue of $147.3 million, down 18.4% year-over-year, primarily due to a $51.6 million decline in commercial aerospace revenue. However, defense-related revenue increased by 23%. Net income was $5.1 million, or $0.43 per diluted share, compared to $7.8 million in Q2 2019. Gross margin improved to 22.2%, aided by effective cost controls and better product mix despite lower overall revenue. Military and space backlog exceeded $500 million, reinforcing positive future expectations.

Ducommun Incorporated (NYSE: DCO) will release its second quarter 2020 financial results on July 30, 2020, after market close. The call will feature CEO Stephen G. Oswald and CFO Christopher D. Wampler at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Participants can join via phone at 844-239-5278 (international 574-990-1017), with the participant passcode of 9433049. The call will also be available for webcast on the Company’s website, with a replay accessible afterward.