Ducommun Inc Del Stock Price, News & Analysis

Ducommun (NYSE: DCO) has appointed Daniel G. Korte and Daniel L. Boehle as independent board members, effective November 5, 2024. Korte, former Global VP of Aerospace at PPG Industries, brings operational expertise with a track record of driving revenue growth. Boehle, current EVP and CFO of TTM Technologies, contributes 25+ years of financial experience in defense manufacturing. The appointments support the company's VISION 2027 Strategy and board refreshment process. Robert C. Ducommun and Dean M. Flatt will not seek reelection at the 2025 Annual Meeting due to mandatory retirement age policy. The board will temporarily include ten members until returning to eight after the 2025 Annual Meeting.

Ducommun (NYSE: DCO) reported record Q3 2024 results with revenue reaching $201.4 million, up 2.6% year-over-year. The company achieved significant profitability improvements with net income increasing 216% to $10.1 million and gross margin expanding 350 basis points to 26.2%. Adjusted EBITDA grew 9% to $31.9 million, representing 15.8% of revenue.

Growth was driven by strength in military and space segments (+$6.6M) and commercial aerospace (+$2.8M), particularly in radar, electronic warfare, Airbus platforms, and business jets. The Electronic Systems segment revenue increased to $115.4M, while Structural Systems reached $86.0M. The company's performance aligns with its VISION 2027 plan, showing strong momentum despite headwinds from aircraft OEMs.

Ducommun (NYSE: DCO) has scheduled its 2024 third quarter financial results release for November 7, 2024, before market opening. Chairman, president and CEO Stephen G. Oswald and CFO Suman Mookerji will host a conference call at 10:00 a.m. PT (1:00 p.m. ET) to discuss the results.

The call, expected to last approximately 45 minutes including Q&A, requires pre-registration for access. A live webcast will be available, with a replay accessible on the company's website.

Founded in 1849, Ducommun provides innovative products and manufacturing solutions for aerospace, defense, and industrial markets, specializing in Electronic Systems and Structural Systems.

Ducommun Incorporated (NYSE: DCO), the oldest continuously operating company in California, celebrated its 175th anniversary by ringing the Closing Bell at the New York Stock Exchange on October 11, 2024. The company, a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, has seen significant growth under its current management team since 2017.

Key highlights include:

• Record level of revenue achieved in 2023
• Market capitalization more than tripled since 2017
• Chairman, President and CEO Stephen G. Oswald led the bell-ringing ceremony
• Company continues to execute its Vision 2027 strategy

Ducommun remains committed to building shareholder value, contributing to the aerospace and defense industry, and making a positive impact on all stakeholders.

Ducommun Incorporated (NYSE: DCO), a leading manufacturer in aerospace, defense, and industrial markets, has announced its participation in the upcoming RBC Capital Markets Global Industrials Conference on September 24, 2024. The company's chairman, president, and CEO, Stephen G. Oswald, will represent Ducommun at the event.

Institutional investors are encouraged to contact RBC Capital Markets to schedule one-on-one meetings with Ducommun's management. Founded in 1849, Ducommun specializes in Electronic Systems and Structural Systems, producing complex products for commercial aircraft, military and space programs, and industrial applications.

For further information, interested parties can visit the company's website at www.ducommun.com or contact Suman Mookerji, Senior Vice President & Chief Financial Officer, at 657.335.3665.

Ducommun Incorporated (NYSE: DCO) has announced its participation in the 30th Annual Gabelli Aerospace & Defense Symposium on September 5, 2024. The company's senior vice president and CFO, Suman Mookerji, along with Christian Prezgay, senior director of financial planning and analysis and investor relations, will be representing Ducommun at the event.

The symposium will feature a general presentation by Ducommun at 11:00 a.m. Eastern, followed by one-on-one investor meetings throughout the day. The presentation will be accessible live via Zoom, with registration available through a provided link. Institutional investors are encouraged to contact Gabelli to arrange meetings with Ducommun's management.

Ducommun, founded in 1849, specializes in Electronic Systems and Structural Systems, delivering innovative products and manufacturing solutions to aerospace, defense, and industrial markets.

Ducommun Incorporated (NYSE: DCO) has announced its participation in the upcoming Jefferies Industrials Conference on September 4, 2024. The company's senior vice president and CFO, Suman Mookerji, along with Christian Prezgay, senior director of financial planning and analysis and investor relations, will represent Ducommun at the event.

A general presentation is scheduled for 1:20 p.m. Eastern, with one-on-one investor meetings throughout the day. The presentation will be webcast live and accessible via a provided link, with a replay available on Ducommun's website. Additional information and presentation materials will be posted on www.ducommun.com when available.

Ducommun, founded in 1849, specializes in Electronic Systems and Structural Systems, delivering innovative products and manufacturing solutions to aerospace, defense, and industrial markets.

Ducommun Incorporated (NYSE: DCO) reported strong Q2 2024 results with record quarterly revenue of $197.0 million, up 5.2% year-over-year. The company achieved significant improvements in profitability, with net income increasing 225% to $7.7 million, or $0.52 per diluted share. Gross margin expanded 460 bps to a record 26.0%, while Adjusted EBITDA grew 15% to $30.0 million, representing 15.2% of revenue.

Key highlights include:

• Commercial aerospace revenue up $9.9 million
• Military and space revenue increased $3.2 million
• Non-GAAP adjusted net income rose 72% to $12.5 million
• Strong performance in both Electronic Systems and Structural Systems segments

The company's Vision 2027 strategy is progressing well, with focus on high-quality products and meeting anticipated higher demand in commercial aerospace.

Ducommun Incorporated (NYSE: DCO) has rejected an unsolicited revised, non-binding offer from Albion River to acquire all outstanding shares at $65.00 per share in cash. The Board unanimously determined this proposal undervalues Ducommun's growth initiatives and doesn't reflect the company's strong performance record.

Ducommun's Board remains focused on its Vision 2027 Strategy, which aims to achieve $950M to $1,000M in net revenues by 2027 (a 33-40% increase since 2022), with 18% adjusted EBITDA margins and 13% adjusted operating income margins. The company has already shown significant growth, with revenue increasing from $551M in 2016 to a record $767M in LTM Q1 2024, and EBITDA margins expanding from 10.1% to 14.4% in the same period.