Every 8-K that Ducommun Inc Del (DCO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DCO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DCO filings page.
Ducommun Incorporated reported record second-quarter 2026 results, with net revenue of $224.5 million, an increase of 12% over Q2 2025, driven by commercial aerospace and defense demand. Gross margin reached a record 28.0%, up 160 bps year-over-year, as higher manufacturing volume and facility consolidation savings offset mix.
Net income rose to $20.4 million, or $1.31 per diluted share and 9.1% of revenue, versus $12.8 million, or $0.84 and 6.4% a year earlier, mainly on $9.9 million higher gross profit and a $3.9 million compensation clawback that reduced SG&A. Adjusted results also improved, with non-GAAP adjusted net income of $18.4 million, adjusted operating income of $26.7 million, and Adjusted EBITDA of $38.4 million, or 17.1% of revenue, up from 15.8%.
Electronic Systems revenue grew to $131.4 million with 19.4% operating margin, while Structural Systems revenue increased to $93.1 million with 13.7% margin, both supported by large commercial aircraft and missile platforms. Remaining performance obligations reached about $1.2 billion, with quarterly bookings of $309.7 million and a 1.4x book-to-bill ratio. Operating cash flow improved to $33.5 million, and management highlighted progress toward its VISION 2027 profitability goals despite ongoing destocking headwinds in commercial aerospace.
Ducommun Incorporated reported a strong start to 2026 with record first-quarter revenue and sharply higher profitability. Net revenues for Q1 2026 reached $209.0 million, up about 9% from Q1 2025, driven by commercial aerospace and defense demand.
Gross margin improved to 26.9%, while net income jumped to $9.9 million, or $0.64 per diluted share, compared with $1.4 million, or $0.09 per share, a year earlier. Adjusted EBITDA rose to $35.4 million, or 16.9% of revenue. Both Electronic Systems and Structural Systems segments delivered higher revenue and operating income, and cash from operations increased to $11.2 million from $0.8 million.
Ducommun Incorporated appointed Mark A. Caylor to its Board of Directors as a Class II director, effective immediately, with a term running until the 2029 annual stockholder meeting. He will also serve on the Board’s Audit Committee.
Non-employee directors receive an $85,000 annual cash retainer, plus restricted stock units valued at $160,000, committee retainers ranging from $5,000 to $12,500, additional chair retainers of $7,500 to $17,500, and a $32,000 retainer for the lead independent director. Caylor will receive proportionate 2026 amounts and the standard indemnification agreement. The company highlights his more than 35 years of aerospace and defense experience, including senior leadership roles at Northrop Grumman, to support its VISION 2027 Strategy and ongoing board refresh, under which six new directors have joined in the past five years.
Ducommun Incorporated identified an error in how it accounted for stock-based compensation after changing retirement provisions in April 2024. The mistake affects the timing of expense recognition for retirement-eligible employees and led management to conclude several previously issued financial statements should no longer be relied upon.
The company will restate affected periods by amending its 2025 annual report and has determined the issue caused a material weakness in internal control over financial reporting, making its controls ineffective as of multiple 2024 and 2025 dates. The error is non-cash and does not affect net revenues, gross margin, operating cash flow, or compliance with debt covenants.
Ducommun expects incremental stock-based compensation expense of about $5.0–$6.0 million in Q1 2026 versus prior expectations, but no change to full-year 2026 stock-based compensation. The Compensation Committee expects to claw back roughly $5.0–$6.0 million of incentive pay for 2024 and 2025. The company plans to file an amended 2025 annual report and complete the restatement on or before May 8, 2026.
Ducommun Incorporated reported the results of its 2026 Annual Meeting of Shareholders held on April 29, 2026. Shareholders elected Stephen G. Oswald and Samara A. Strycker to three-year board terms ending at the 2029 annual meeting. Investors also approved the company’s executive compensation on an advisory basis, ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved an amendment and restatement of the company’s 2024 Stock Incentive Plan.
Ducommun Incorporated reported strong fourth quarter and full-year 2025 operating results, highlighted by record revenue and margins but a GAAP loss driven by a large litigation charge.
Q4 2025 net revenue rose 9.4% year-over-year to $215.8 million, led by military and space demand, with gross margin improving to 27.7%. GAAP net income was $7.4 million, or $0.48 per diluted share, while non-GAAP adjusted net income was $16.2 million, or $1.05 per diluted share. Adjusted EBITDA increased to $37.9 million, or 17.5% of revenue.
For 2025, net revenue reached a record $824.7 million, the third consecutive annual record, and adjusted EBITDA was $135.6 million, or 16.4% of revenue. A $107.3 million litigation settlement and related costs drove a GAAP net loss of $33.9 million, or $2.27 per share, though non-GAAP adjusted diluted EPS was $3.75. Remaining performance obligations hit a record $1.106 billion, with a Q4 book-to-bill ratio of 1.3x, and backlog totaled $1.203 billion.
Ducommun Incorporated entered into a binding settlement agreement to resolve a previously disclosed subrogation claim tied to a June 2020 fire at its performance center in Guaymas, Mexico. The claim, brought by the insurer of the provider of labor and facilities for the center and pending in arbitration in Arizona, will be dismissed with prejudice in exchange for Ducommun paying $4.0 million to the insurer.
The settlement includes mutual releases of all past, present and future claims arising from the fire, and expressly states that Ducommun is not admitting liability or fault. The company expects to record the $4.0 million as an expense for the quarter ending December 31, 2025 and pay the amount from cash on hand within twenty days of the settlement date. Ducommun believes there are no remaining subrogation or other claims relating to the fire at this time, apart from a potential claim by a Mexico-based insurer of Williams International Co., LLC that it believes to be time-barred.
Ducommun Incorporated amended its main credit agreements and put in place two new secured loan facilities to support its operations and future needs. The company now has a five-year $200 million senior secured term loan, all drawn on November 24, 2025, and a five-year $450 million senior secured revolving credit facility, of which $120 million was drawn at closing. Part of the new revolving borrowings were used to repay a portion of the prior term loan and related interest and fees, with remaining capacity available for working capital and general corporate purposes.
The facilities carry an initial variable interest rate of Term SOFR plus 1.50%, with pricing tied to Ducommun’s consolidated total net adjusted leverage ratio. The term loan amortizes in increasing quarterly installments through final maturity on November 24, 2030, the same maturity date as the revolver. The loans are guaranteed by material domestic restricted subsidiaries and secured by substantially all of their assets, and they include leverage and interest coverage covenants and customary events of default.
Ducommun Incorporated filed a current report to note that it issued a press release on November 6, 2025. The company states that the release is provided as Exhibit 99.1 to the report. Ducommun’s common stock, with a par value of $0.01 per share, trades on the New York Stock Exchange under the symbol DCO.
Ducommun Incorporated filed a Current Report on Form 8-K reporting a material event: a Confidential Binding Term Sheet between Williams International Co., LLC and Ducommun subsidiaries — Ducommun Incorporated, Ducommun Aerostructures, Inc., and Ducommun Aerostructures Mexico, LLC dated October 3, 2025. The filing references the company’s unaudited condensed consolidated financial statements for the quarter ended June 28, 2025, which were included in the Quarterly Report filed on August 7, 2025. The 8-K was signed on October 9, 2025 by the company’s Vice President, General Counsel and Corporate Secretary.
The document is terse and describes the existence of the term sheet but provides no commercial terms, financial amounts, or definitive agreement details. Because the term sheet is confidential, material commercial impacts, timing, and financial consequences are not disclosed within this filing.