Ducommun Inc Del Stock Price, News & Analysis

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.

Ducommun Incorporated (NYSE:DCO) will participate in the Truist Securities Industrials and Services Summit on December 7, 2021. Key executives, including CEO Stephen G. Oswald, CFO Christopher D. Wampler, and VP Suman Mookerji, will be available for one-on-one investor calls throughout the day. Additional information and presentation materials will be available on the Company’s website. Ducommun specializes in aerospace, defense, and industrial markets, focusing on electronic and structural systems.

Ducommun Incorporated (NYSE: DCO) has appointed Suman Mookerji as vice president of corporate development and investor relations. This role expands his responsibilities, which he assumed in April 2017, to lead the company's Investor Relations program. Mookerji aims to enhance communication strategies and outreach for investors to better understand Ducommun's objectives. His background includes experience in corporate strategy and M&A at United Technologies and Capital Safety, bringing substantial industry knowledge to his new role.

Ducommun reported third quarter 2021 results with revenue of $163.2 million, a 9% increase year-over-year, driven by a 50% surge in large commercial aircraft sales. The net income rose to $9.6 million ($0.78 per share), reflecting improved operational efficiency. Adjusted EBITDA was $23.9 million, or 14.6% of revenue. The company's backlog reached $836 million, the highest since the pandemic began, indicating robust demand. Overall, Ducommun is focused on enhancing asset utilization and improving service delivery amidst increasing demand across its aerospace and defense segments.