Ducommun Inc Del Stock Price, News & Analysis

Ducommun Incorporated announced the acquisition of BLR Aerospace on March 20, 2023, under a definitive securities purchase agreement. This strategic move aims to enhance Ducommun's portfolio of proprietary engineered products, particularly in the aerospace sector. The acquisition, which requires regulatory approval, is anticipated to conclude in the second quarter of 2023. BLR is recognized for its advanced aerodynamic systems for rotary and fixed-wing aircraft, boasting a strong customer base that includes leading OEMs. Ducommun plans to finance the acquisition through its revolving credit facility, strengthening its position in both the commercial aviation and defense industries.

Ducommun (NYSE: DCO) reported its 2022 fourth-quarter and full-year results, showcasing significant growth with full-year revenues exceeding $713 million, marking a notable recovery since 2019. The fourth quarter saw revenues of $188.3 million, a 14% increase from Q4 2021, driven by a robust commercial aerospace market. However, net income dipped to $8.1 million, or $0.65 per diluted share, impacted by restructuring charges and the absence of a prior gain from a facility sale. The company's backlog stood strong at $961 million, indicating continued demand. Anticipated growth in the commercial aerospace sector is expected as Boeing and Airbus plan significant workforce expansions.

Ducommun Incorporated (NYSE: DCO) is set to release its 2022 fourth quarter financial results on February 16, 2023, before the stock market opens. The announcement includes a conference call led by CEO Stephen G. Oswald and CFO Christopher D. Wampler at 10:00 a.m. PT (1:00 p.m. ET) to discuss the results. Interested participants can pre-register through a provided link to obtain dial-in details. A live webcast will also be available, with a replay accessible on Ducommun’s website. Founded in 1849, Ducommun specializes in Electronic Systems and Structural Systems for aerospace, defense, and industrial sectors.

Ducommun Incorporated (NYSE: DCO) announced that key executives, Christopher D. Wampler and Suman Mookerji, will attend the Truist Securities Industrial and Services Summit on December 6, 2022. Institutional investors can schedule one-on-one meetings with the management team. Founded in 1849, Ducommun specializes in delivering innovative products and manufacturing solutions within aerospace, defense, and industrial markets, focusing on Electronic and Structural Systems. For more details, visit www.ducommun.com.

Ducommun Incorporated (NYSE: DCO) reported strong financial performance in Q3 2022, with net revenue of $186.6 million, a 14.3% increase from Q3 2021. Net income was $8.5 million or $0.69 per diluted share. Adjusted EBITDA was $26.0 million, representing 13.9% of revenue. The growth was driven by a 66% year-over-year increase in Commercial Aerospace revenue. However, gross margin slightly declined to 20.7% due to unfavorable product mix. Successful debt refinancing was completed, extending maturity to 2027.

Ducommun Incorporated (NYSE: DCO) announces an Investor Day on December 8, 2022, at the Park Hyatt Hotel in New York City. The event will provide updates on the company's business strategy and long-term growth plans. Presenters include CEO Stephen G. Oswald, CFO Christopher D. Wampler, and other key executives. The presentations will start at 9:00 a.m. ET, with doors opening at 8:30 a.m. ET. Attendees can register in advance, and a live webcast will be available for those unable to attend in person.

Ducommun Incorporated (NYSE: DCO) will release its 2022 third quarter financial results on November 7, 2022, before market opening. CEO Stephen G. Oswald and CFO Christopher D. Wampler will host a conference call at 10:00 a.m. PT (1:00 p.m. ET) to discuss these results. Pre-registration for the call is required, and participants will receive confirmation and dial-in details. A live webcast will also be available, with replays accessible via Ducommun's website. Founded in 1849, Ducommun specializes in innovative products and manufacturing solutions for aerospace, defense, and industrial markets.

Ducommun Incorporated (NYSE: DCO) has celebrated the grand re-opening of its new 70,000 sq. ft. facility in Guaymas, Mexico, alongside an additional 45,000 sq. ft. building. This expansion aims to enhance production capabilities for its VersaCore Composite™ technology and other aerospace components. The event was attended by key partners including Boeing. Chairman Stephen G. Oswald emphasized that this move will drive revenue and earnings growth, supporting Ducommun's commitment to delivering high-quality products to the aerospace and defense sectors.

Ducommun Incorporated (NYSE: DCO) announced participation in the RBC Capital Markets Global Industrials Conference on September 14, 2022. Stephen G. Oswald, CEO, and Christopher D. Wampler, CFO, will represent the company. Institutional investors can schedule one-on-one meetings through RBC Capital Markets. Founded in 1849, Ducommun specializes in Electronic and Structural Systems, providing innovative products and manufacturing solutions to aerospace, defense, and industrial markets.