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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) announces an Investor Day on December 8, 2022, at the Park Hyatt Hotel in New York City. The event will provide updates on the company's business strategy and long-term growth plans. Presenters include CEO Stephen G. Oswald, CFO Christopher D. Wampler, and other key executives. The presentations will start at 9:00 a.m. ET, with doors opening at 8:30 a.m. ET. Attendees can register in advance, and a live webcast will be available for those unable to attend in person.
Ducommun Incorporated (NYSE: DCO) will release its 2022 third quarter financial results on November 7, 2022, before market opening. CEO Stephen G. Oswald and CFO Christopher D. Wampler will host a conference call at 10:00 a.m. PT (1:00 p.m. ET) to discuss these results. Pre-registration for the call is required, and participants will receive confirmation and dial-in details. A live webcast will also be available, with replays accessible via Ducommun's website. Founded in 1849, Ducommun specializes in innovative products and manufacturing solutions for aerospace, defense, and industrial markets.
Ducommun Incorporated (NYSE: DCO) has celebrated the grand re-opening of its new 70,000 sq. ft. facility in Guaymas, Mexico, alongside an additional 45,000 sq. ft. building. This expansion aims to enhance production capabilities for its VersaCore Composite™ technology and other aerospace components. The event was attended by key partners including Boeing. Chairman Stephen G. Oswald emphasized that this move will drive revenue and earnings growth, supporting Ducommun's commitment to delivering high-quality products to the aerospace and defense sectors.
Ducommun Incorporated (NYSE: DCO) announced participation in the RBC Capital Markets Global Industrials Conference on September 14, 2022. Stephen G. Oswald, CEO, and Christopher D. Wampler, CFO, will represent the company. Institutional investors can schedule one-on-one meetings through RBC Capital Markets. Founded in 1849, Ducommun specializes in Electronic and Structural Systems, providing innovative products and manufacturing solutions to aerospace, defense, and industrial markets.
Ducommun's Appleton, Wisconsin performance center is set to achieve over $100 million in revenue this year, a significant milestone attributed to substantial growth and full lifecycle support for customers like Raytheon. Recently, Ducommun secured several Low Rate Initial Production (LRIP) contracts with Raytheon, including the Next Generation Jammer for the U.S. Navy, which is expected to generate over $10 million. Additionally, the company has been identified as a strategic supplier for Raytheon’s missile programs, representing over $8 million in revenue.
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.
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