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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 (NYSE:DCO) announced that CFO Christopher D. Wampler will join the Jefferies Virtual Industrials Conference on August 4, 2021. The event will feature a general presentation at 2:30 p.m. Eastern, followed by one-on-one investor calls throughout the day. More information, including a copy of the presentation and webcast link, will be available on the company's website. Ducommun specializes in innovative manufacturing solutions for aerospace, defense, and industrial markets, focusing on electronic and structural systems.
Ducommun (NYSE: DCO) announced it will release its 2021 Q2 financial results on August 12, 2021, after market close. The call will feature CEO Stephen G. Oswald and CFO Christopher D. Wampler, starting at 2:00 p.m. PT (5:00 p.m. ET). Interested participants can dial 844-239-5278 (international callers 574-990-1017) and should join 10 minutes prior, using passcode 9295293. This teleconference will also be available via webcast on Ducommun's website, providing insights into the company’s performance in aerospace, defense, and industrial markets.
Ducommun Incorporated (DCO) has been recognized as a 2021 Best Places to Work in Orange County by the Orange County Business Journal. This award acknowledges the company's dedication to creating a valuable, people-centered work environment. The assessment involved a comprehensive survey evaluating workplace policies and employee feedback. Stephen G. Oswald, CEO, expressed pride in this achievement, attributing it to the company's commitment to transforming its culture over recent years. The recognition highlights Ducommun's focus on enhancing employee satisfaction and engagement.
Ducommun Incorporated (NYSE: DCO) will participate in the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021. The general presentation is set for 10:00 a.m. Eastern Time, led by chairman and CEO Stephen G. Oswald, along with Christopher D. Wampler, CFO. Institutional investors can arrange one-on-one calls with management. More details, including presentation materials, will be available on the company’s website.
Ducommun, established in 1849, specializes in Electronic Systems and Structural Systems for aerospace, defense, and industrial markets.
Ducommun Incorporated (NYSE:DCO) announced the election of Sheila G. Kramer as an independent director, effective June 1, 2021. This appointment increases the board to seven members, with six being independent. Ms. Kramer brings expertise in human resources, which is expected to support Ducommun’s post-pandemic recovery and long-term growth. She currently serves as chief human resources officer at Donaldson Company and previously held a similar position at Taylor Corporation. Ms. Kramer holds a Master of Arts in Industrial Relations from the University of Minnesota.
Ducommun Incorporated (NYSE: DCO) will host a Virtual Investor Day on May 26, 2021, starting at 9:00 a.m. Pacific Time. The event, expected to last 90 minutes, will showcase updates on its growth strategy and market dynamics, featuring presentations from top executives including Stephen Oswald (CEO) and Christopher Wampler (CFO). A Q&A session will follow. Interested participants need to register in advance. An archived replay will be available for 90 days post-event.
Ducommun reported its Q1 2021 financial results with revenues of $157.2 million, a 9.4% decrease from Q1 2020. The net income was $6.7 million or $0.55 per diluted share, down from $7.9 million or $0.67 per diluted share last year. Military demand helped offset declines in commercial aerospace, with gross margins at 21.1%. The company anticipates improved performance in the second half of 2021, driven by rising build rates and pent-up demand in air travel, particularly benefiting military and space sectors.
Ducommun Incorporated (NYSE: DCO) announced plans to release its 2021 Q1 financial results on May 4, 2021, after market close. The CEO, Stephen G. Oswald, and CFO, Christopher D. Wampler, will host a teleconference at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results, which will last approximately 45 minutes. Investors can participate by calling 800-697-5978 or joining the webcast on the Company's website.
Ducommun, founded in 1849, specializes in manufacturing solutions for aerospace, defense, and industrial markets, focusing on Electronic and Structural Systems.
Ducommun Incorporated (NYSE:DCO) reported a solid finish to 2020, with Q4 revenue of $157.8 million and GAAP net income of $9.7 million ($0.80 per diluted share). The Company achieved a gross margin of 22.1%, an increase from the previous year. Military and space revenue surged over 25% in Q4, contributing to a record annual revenue of $425 million. Despite a 15.6% decrease in revenue year-over-year, ongoing cost-saving initiatives and a favorable product mix boosted financial performance. The Company anticipates growth driven by defense backlogs and recovering commercial aviation demand in 2021.
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