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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.
Ducommun Incorporated (NYSE:DCO) has successfully completed its acquisition of BLR Aerospace, LLC, via its subsidiary, Ducommun LaBarge Technologies, Inc. The acquisition, initially announced on March 21, 2023, is intended to enhance Ducommun's engineered products portfolio, particularly in the aftermarket sector. Founded in 1992, BLR is known for its advanced aerodynamic systems that improve the performance and safety of both commercial and military aircraft. The acquisition was financed through Ducommun's existing revolving credit facility. Stephen G. Oswald, CEO of Ducommun, expressed optimism about BLR's contributions to the company, citing the strategic value of its product offerings. Financial advisors for the transaction included B. Riley Securities for Ducommun and Houlihan Lokey for BLR.
Ducommun Incorporated (NYSE: DCO) announced its plan to release the Company's first quarter financial results for 2023 on May 4, 2023, before the stock market opens. 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 to receive dial-in details, and a live webcast will also be available. A replay will be accessible on the Ducommun website. Established in 1849, Ducommun specializes in Electronic and Structural Systems, offering innovative products and solutions in aerospace, defense, and industrial markets.
Ducommun Incorporated announced the acquisition of BLR Aerospace on March 20, 2023, under a definitive securities purchase agreement. This strategic move aims to enhance Ducommun's portfolio of proprietary engineered products, particularly in the aerospace sector. The acquisition, which requires regulatory approval, is anticipated to conclude in the second quarter of 2023. BLR is recognized for its advanced aerodynamic systems for rotary and fixed-wing aircraft, boasting a strong customer base that includes leading OEMs. Ducommun plans to finance the acquisition through its revolving credit facility, strengthening its position in both the commercial aviation and defense industries.
Ducommun (NYSE: DCO) reported its 2022 fourth-quarter and full-year results, showcasing significant growth with full-year revenues exceeding $713 million, marking a notable recovery since 2019. The fourth quarter saw revenues of $188.3 million, a 14% increase from Q4 2021, driven by a robust commercial aerospace market. However, net income dipped to $8.1 million, or $0.65 per diluted share, impacted by restructuring charges and the absence of a prior gain from a facility sale. The company's backlog stood strong at $961 million, indicating continued demand. Anticipated growth in the commercial aerospace sector is expected as Boeing and Airbus plan significant workforce expansions.
Ducommun Incorporated (NYSE: DCO) is set to release its 2022 fourth quarter financial results on February 16, 2023, before the stock market opens. The announcement includes a conference call led by CEO Stephen G. Oswald and CFO Christopher D. Wampler at 10:00 a.m. PT (1:00 p.m. ET) to discuss the results. Interested participants can pre-register through a provided link to obtain dial-in details. A live webcast will also be available, with a replay accessible on Ducommun’s website. Founded in 1849, Ducommun specializes in Electronic Systems and Structural Systems for aerospace, defense, and industrial sectors.
Ducommun Incorporated (NYSE: DCO) announced that key executives, Christopher D. Wampler and Suman Mookerji, will attend the Truist Securities Industrial and Services Summit on December 6, 2022. Institutional investors can schedule one-on-one meetings with the management team. Founded in 1849, Ducommun specializes in delivering innovative products and manufacturing solutions within aerospace, defense, and industrial markets, focusing on Electronic and Structural Systems. For more details, visit www.ducommun.com.
Ducommun Incorporated (NYSE: DCO) reported strong financial performance in Q3 2022, with net revenue of $186.6 million, a 14.3% increase from Q3 2021. Net income was $8.5 million or $0.69 per diluted share. Adjusted EBITDA was $26.0 million, representing 13.9% of revenue. The growth was driven by a 66% year-over-year increase in Commercial Aerospace revenue. However, gross margin slightly declined to 20.7% due to unfavorable product mix. Successful debt refinancing was completed, extending maturity to 2027.
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