Ducommun Inc Del Stock Price, News & Analysis

Ducommun Incorporated (NYSE: DCO) announced participation in the UBS Global Industrials and Transportation Conference on June 7, 2022. Key executives, including chairman and CEO Stephen G. Oswald and CFO Christopher D. Wampler, will present at 1:00 PM Eastern, followed by one-on-one investor calls. Additional details will be available on the Company’s website, including a copy of the presentation and the webcast link. Ducommun provides innovative manufacturing solutions for aerospace, defense, and industrial markets, specializing in Electronic and Structural Systems.

Ducommun reported a solid start to 2022 with net revenue of $163.5 million, a 4% increase year-over-year, driven by a 50% rise in commercial aerospace sales from Boeing and Airbus. The company achieved a record backlog of $943 million, reflecting strong demand in commercial aerospace. However, the gross profit margin decreased to 19.9% from 21.1% due to an unfavorable product mix. A restructuring initiative was announced, expected to yield $3 million to $4 million in annual savings starting in 2023, incurring $10 million to $14 million in charges over the next year.

Ducommun Incorporated (NYSE: DCO) announced participation in the Wells Fargo Industrials Conference on May 5, 2022. CFO Christopher D. Wampler and VP Suman Mookerji will present at 12:40 p.m. Eastern, followed by one-on-one investor calls throughout the day. Details and presentation materials will be available on their website. Established in 1849, Ducommun specializes in Electronic and Structural Systems, providing innovative products for aerospace, defense, and industrial applications.

Ducommun Incorporated (NYSE: DCO) announced that it will release its 2022 first quarter financial results after market close on May 3, 2022. The call will be led by CEO Stephen G. Oswald and CFO Christopher D. Wampler at 2:00 p.m. PT (5:00 p.m. ET), expected to last approximately 45 minutes. Interested participants can join by calling 844-239-5278 (international 574-990-1017) and using passcode 8291899. The meeting will also be accessible via webcast on the Company’s website.

Ducommun specializes in electronic and structural systems, serving aerospace, defense, and industrial markets.

Ducommun Incorporated (NYSE: DCO) reported its Q4 2021 results, revealing revenue of $164.8 million and a net income of $110.8 million, equating to $9.05 per diluted share. The company achieved a backlog growth to $905 million and completed the acquisition of Magnetic Seal for $69.5 million. A sale-leaseback transaction generated over $110 million in proceeds, enhancing the balance sheet. The gross margin improved to 22.6%, while adjusted EBITDA reached $24.4 million. With anticipated recovery in commercial aerospace, the company positions itself for further growth in 2022.

Ducommun Incorporated (NYSE: DCO) announced it will release its 2021 fourth quarter financial results on February 23, 2022, after market close. CEO Stephen G. Oswald and CFO Christopher D. Wampler will discuss the results in a conference call at 2:00 PM PT (5:00 PM ET). Participants can join the teleconference by calling 844-239-5278, with a passcode of 1660427. The call will also be webcast on the Ducommun website, allowing for a comprehensive review of the company's performance in the aerospace, defense, and industrial markets.

Ducommun Incorporated (NYSE:DCO) has appointed Samara A. Strycker as an independent director, effective December 29, 2021. This addition brings the total board members to eight, with seven being independent. Strycker, who has extensive accounting and operational finance experience in the industrial sector, will serve on the Audit Committee. She is currently the corporate controller and treasurer at Navistar International and previously worked at GE Healthcare and PricewaterhouseCoopers. Her expertise is expected to support Ducommun's long-term growth objectives.

Ducommun Incorporated (NYSE: DCO) completed a sale-leaseback transaction on December 16, 2021, involving its subsidiary, Ducommun Aerostructures, and an industrial property in Carson, California. The property was sold for approximately $143 million, resulting in about $110 million in net after-tax cash proceeds. CEO Stephen G. Oswald noted the high demand for industrial properties in Southern California. Proceeds will be used to pay down debt and seek further strategic acquisitions, enhancing the company's balance sheet.

Ducommun Incorporated has successfully completed the acquisition of Magnetic Seal Corporation (MagSeal), a leader in the manufacturing of high-impact magnetic seals used in aerospace and defense applications. Established in 1954, MagSeal supplies sealing solutions to various military aircraft programs, enhancing Ducommun's portfolio of engineered products. The acquisition, financed through cash and revolving credit, is expected to accelerate growth and innovation in military applications. Ducommun aims to leverage MagSeal’s expertise to strengthen its market position.