Welcome to our dedicated page for Ducommun Incorporated news (Ticker: DCO), a resource for investors and traders seeking the latest updates and insights on Ducommun Incorporated stock.
Ducommun Incorporated (NYSE: DCO) is a prominent global provider of manufacturing and engineering services, delivering innovative electronic, engineered, and structural solutions for complex applications in the aerospace, defense, industrial, natural resources, and medical markets. Founded in 1849, Ducommun has a rich history as the oldest continuously operating company in California.
The company operates through two key segments: Structural Systems and Electronic Systems. The Structural Systems segment is involved in designing, engineering, and manufacturing complex aerostructure components and assemblies, including composite and metal bonded structures. These components are critical for various commercial and military aerospace platforms, ensuring high performance and reliability.
The Electronic Systems segment focuses on creating high-reliability electronic and electromechanical products. These products are utilized in technology-driven markets worldwide, including aerospace, defense, and industrial applications. The segment generates the majority of Ducommun's revenue, showcasing its crucial role in the company’s overall performance.
Ducommun is known for its full-service collaborative approach, offering value-added services such as prototyping, new product introduction, supply chain strategies, and program management. These services help create value for customers by providing innovative solutions to their complex electronic and structural needs.
In recent years, Ducommun has achieved significant milestones, including a year-over-year increase in market capitalization from $605M in 2022 to $760M in 2023. The company also set a new revenue record of $757M in 2023. Our partnerships with major firms like Raytheon underscore our commitment to delivering top-quality products and services. Ducommun’s backlog has surpassed $1B, reflecting robust future demand and strong shareholder benefits.
The company is focused on its Vision 2027 Strategy, which aims to achieve $950M to $1B in net revenues by 2027, with adjusted EBITDA margins of approximately 18%. This strategy includes consolidating facility footprints, targeting acquisitions, increasing engineered product revenue, and expanding content on key aerospace platforms.
Ducommun emphasizes continuous innovation and operational excellence to meet the evolving needs of its customers. By leveraging its broad capabilities and collaborative approach, the company is well-positioned to sustain growth and deliver substantial value to its shareholders.
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