Ducommun Inc Del Stock Price, News & Analysis

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.

Ducommun Incorporated (NYSE: DCO) has been recognized as one of the 2022 Best Places to Work in Orange County for the second consecutive year, according to the Orange County Business Journal. The award evaluates employers based on employee feedback and company policies. Stephen G. Oswald, CEO, expressed gratitude to employees for contributing to the company’s positive work culture that reflects its core values of honesty, professionalism, respect, trust, and teamwork. Ducommun provides innovative solutions in the aerospace, defense, and industrial sectors.

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.