Ducommun Inc Del Stock Price, News & Analysis

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.

Ducommun's Appleton, Wisconsin performance center is set to achieve over $100 million in revenue this year, a significant milestone attributed to substantial growth and full lifecycle support for customers like Raytheon. Recently, Ducommun secured several Low Rate Initial Production (LRIP) contracts with Raytheon, including the Next Generation Jammer for the U.S. Navy, which is expected to generate over $10 million. Additionally, the company has been identified as a strategic supplier for Raytheon’s missile programs, representing over $8 million in revenue.

Ducommun Incorporated (NYSE: DCO) announced the participation of Christopher D. Wampler and Suman Mookerji in the Gabelli Funds 28th Annual Aerospace & Defense Symposium on September 8, 2022. A general presentation is scheduled for 1:15 p.m. Eastern, with one-on-one investor meetings throughout the day. Investors can access the live presentation via Zoom by registering through the provided link. Further information, including presentation materials, will be available on the Company’s website.

Ducommun reported a strong second quarter for 2022, achieving net revenue of $174.2 million, up 9% year-over-year. The company posted a net income of $4.1 million or $0.34 per diluted share, with adjusted net income at $9.3 million or $0.76 per diluted share. Additionally, Ducommun generated $20.7 million in free cash flow, marking its highest since the pandemic began. The record backlog reached $976 million, positioning the company well for future growth. Debt refinancing was completed after the quarter ended.

Ducommun Incorporated (NYSE: DCO) announced participation in the Jefferies Industrials Conference on August 9, 2022. Key executives including Stephen G. Oswald, Christopher D. Wampler, and Suman Mookerji will present at 8:30 a.m. Eastern and engage in one-on-one meetings with investors throughout the day. Investors can access a live webcast of the presentation via the company's official website, where replay details will also be posted.

Ducommun specializes in manufacturing solutions within aerospace and defense sectors, established since 1849.

Ducommun Incorporated (NYSE: DCO) announced that its chairman and CEO Stephen G. Oswald, CFO Christopher D. Wampler, and VP Suman Mookerji will attend the Jefferies Industrials Conference on September 9, 2022. A presentation will start at 8:30 a.m. ET, followed by one-on-one investor meetings throughout the day. Additional details and materials will be available on their website. The conference presents an opportunity for Ducommun to showcase its innovative products in aerospace and defense markets, reinforcing its presence in these sectors.

Ducommun Incorporated (NYSE: DCO) will announce its 2022 second quarter financial results on August 4, 2022, at 5:00 a.m. PT (8:00 a.m. ET). The company’s chairman and CEO, Stephen G. Oswald, along with CFO Christopher D. Wampler, will host a conference call at 10:00 a.m. PT (1:00 p.m. ET) to discuss the results. Interested parties can pre-register for the call using a provided link and access a live webcast during the event. A replay will be available on Ducommun’s website.

Ducommun Incorporated (NYSE: DCO) announced a new credit facility comprising a $250 million term loan and a $200 million revolving line of credit, effective July 14, 2022. This replaces an existing structure, extinguishing a total of $480 million in previous loans. The new loans have a maturity date of July 2027, with interest rates starting at Term SOFR plus 1.625%. CEO Stephen G. Oswald emphasized the favorable refinancing environment, positioning the company for organic growth and strategic investments. Details are available in the Company's SEC filings.