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About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated (NYSE: DCO) is a globally recognized provider of innovative manufacturing and engineering solutions, specializing in Electronic Systems and Structural Systems. With a rich history spanning over 175 years, Ducommun has established itself as a trusted partner for customers in the aerospace, defense, industrial, natural resources, and medical markets. The company’s expertise lies in delivering value-added solutions for complex and mission-critical applications, making it a vital player in industries where precision, reliability, and innovation are essential.
Core Business Segments
Ducommun operates through two primary business segments:
- Electronic Systems: This segment focuses on the design and manufacture of advanced electronic assemblies, circuit card assemblies, and cable harnesses. These components are integral to a wide range of applications, including radar systems, missile systems, and commercial aircraft avionics.
- Structural Systems: Ducommun specializes in producing high-performance structural components, such as aerostructures and assemblies, for commercial and military aircraft. These products are engineered to meet stringent requirements for durability and performance in demanding environments.
Value Proposition
Ducommun’s value proposition lies in its ability to provide end-to-end solutions that address the complex needs of its customers. The company leverages its full-service collaborative approach, which includes prototyping, new product introduction, supply chain strategies, and program management. This comprehensive suite of services enables Ducommun to deliver innovative answers to the most challenging electronic and structural requirements, ensuring customer satisfaction and long-term partnerships.
Market Significance
Ducommun plays a crucial role in the aerospace and defense supply chain, contributing to commercial aircraft platforms, mission-critical military programs, and space exploration initiatives. The company’s products are also utilized in sophisticated industrial and medical applications, showcasing its versatility and technical expertise. By serving diverse markets, Ducommun mitigates risks associated with market cyclicality and enhances its resilience.
Competitive Positioning
In a competitive landscape that includes major aerospace and defense contractors, Ducommun differentiates itself through its long-standing industry presence, engineering excellence, and strategic partnerships with key players such as Raytheon. The company’s ability to adapt to evolving customer needs and its focus on high-growth segments, such as radar systems and missile components, further strengthen its market position.
Commitment to Innovation
Innovation is at the heart of Ducommun’s operations. The company continuously invests in advanced manufacturing technologies and processes to maintain its competitive edge. Its collaborative approach to product development ensures that customers receive cutting-edge solutions tailored to their specific requirements.
Conclusion
Ducommun Incorporated exemplifies a legacy of engineering excellence and a commitment to delivering high-quality, innovative solutions. Its dual focus on electronic and structural systems, combined with its diversified market presence, positions the company as a critical partner for customers in aerospace, defense, and beyond. With a proven track record of success and a customer-centric approach, Ducommun continues to create value and drive innovation in complex, high-stakes industries.
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.
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.
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