Earnings summaries and quarterly performance for DUCOMMUN INC /DE/.
Executive leadership at DUCOMMUN INC /DE/.
Stephen G. Oswald
Detailed
Chairman, President and Chief Executive Officer
CEO
JL
Jerry L. Redondo
Detailed
Senior Vice President, Electronics and Structural Systems
LS
Laureen S. Gonzalez
Detailed
Vice President, Chief Human Resources Officer
RA
Rajiv A. Tata
Detailed
Vice President, General Counsel & Corporate Secretary
SB
Suman B. Mookerji
Detailed
Senior Vice President, Chief Financial Officer
Board of directors at DUCOMMUN INC /DE/.
Research analysts who have asked questions during DUCOMMUN INC /DE/ earnings calls.
Kenneth Herbert
RBC Capital Markets
3 questions for DCO
Also covers: , AIR, AMTM +24 more
MC
Michael Crawford
B. Riley Securities, Inc.
3 questions for DCO
Also covers: ASTS, ATEX, CMTL +9 more
MC
Mike Crawford
B. Riley Securities
3 questions for DCO
Also covers: ASTS, ATEX, CMTL +9 more
Tony Bancroft
Gabelli Funds
3 questions for DCO
Also covers: CR, CW, CWST +4 more
BE
Bradley Eiser
Citi
2 questions for DCO
CD
Connor Dezert
Goldman Sachs
2 questions for DCO
Jason Gursky
Citigroup Inc.
2 questions for DCO
Also covers: BA, CW, GD +15 more
KH
Ken Herbert
RBC Capital Markets, LLC
2 questions for DCO
Also covers: HEI, KTOS, LDOS +2 more
Michael Ciarmoli
Truist Securities, Inc.
2 questions for DCO
Also covers: AIN, AIR, ASLE +21 more
NP
Noah Poponak
Goldman Sachs
2 questions for DCO
Also covers: AMTM, BA, CACI +22 more
SS
Slade Struhsaker
Truist Securities
2 questions for DCO
Alexandra Mandery
Truist Securities
1 question for DCO
Also covers: CW, HEI, KRMN +2 more
GB
George Bancroft
Gabelli Funds
1 question for DCO
Also covers: CR, GHM, HEI +2 more
Jeremy Jason
Citigroup Inc.
1 question for DCO
Also covers: LHX
Samuel Struhsaker
Truist Securities, Inc.
1 question for DCO
Also covers: AIR, ASLE, ATRO +2 more
Recent press releases and 8-K filings for DCO.
Ducommun Reports Record Q4 2025 Revenue and Margins, Announces Vision 2032
DCO
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
2 days ago
Ducommun Reports Record Q4 2025 Revenue and Margins
DCO
Earnings
Guidance Update
Legal Proceedings
- Ducommun reported record Q4 2025 revenue of $215.8 million, a 9.4% increase year-over-year, marking its 19th consecutive quarter of revenue growth.
- The company achieved record gross margins of 27.7% and record adjusted EBITDA margins of 17.5% in Q4 2025, with adjusted diluted EPS reaching $1.05.
- For the full year 2025, revenue grew 5% to $825 million, and adjusted EBITDA margins expanded by 160 basis points to 16.4%.
- Remaining Performance Obligations (RPOs) reached a new record of $1.1 billion, and the Q4 book-to-bill ratio was 1.3x.
- Ducommun expects mid-to-high single-digit revenue growth in 2026, with commercial aerospace recovery anticipated in the second half. The company also settled the Guaymas fire litigation for $150 million, with $56 million funded by insurance.
2 days ago
Ducommun Inc. Reports Record Q4 and Full-Year 2025 Results, Provides 2026 Outlook
DCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Ducommun Inc. reported record revenue of $216 million in Q4 2025, an increase of 9.4% year-over-year, and record full-year revenue of $825 million, up 4.9% year-over-year. The company also achieved record gross margins and record Adjusted EBITDA for both periods.
- The company reported strong bookings of $291 million in Q4 2025, leading to a book-to-bill ratio of 1.3x for the quarter and 1.1x for the full year. Defense revenue grew 13% in Q4 2025, marking the fourth consecutive quarter of double-digit growth in this segment, and Remaining Performance Obligations (RPO) reached a record $1,106 million.
- For full-year 2026, Ducommun forecasts Mid to High Single Digit revenue growth, with growth expected to be more back-half weighted. Commercial aerospace revenue, which returned to growth in Q4 2025 with a 1% increase, is anticipated to be flattish in 2026, with recovery from destocking expected in the second half.
- Ducommun completed its restructuring plan in Q4 2025, anticipating annualized run-rate savings of $11 million to $13 million. The company is also progressing towards its VISION 2027 targets of $950 - $1,000 million in revenue and an 18% Adjusted EBITDA Margin.
2 days ago
Ducommun Inc. Reports Record Q4 2025 Revenue and Strong Margin Expansion
DCO
Earnings
Guidance Update
M&A
- Ducommun Inc. achieved record Q4 2025 revenue of $215.8 million, a 9.4% increase year-over-year, marking its 19th consecutive quarter of year-over-year revenue growth.
- The company reported record gross margins of 27.7% and adjusted EBITDA margins of 17.5% in Q4 2025, contributing to a full-year 2025 adjusted EBITDA margin expansion to 16.4%.
- Progress on the VISION 2027 strategy includes engineered product and aftermarket content reaching 23% in 2025 (up from 15% in 2022) and adjusted EBITDA tracking towards the 18% target.
- The military and space business grew 13% in Q4 2025, and the commercial aerospace segment returned to growth, up 1% year-over-year. The company expects mid-to-high single-digit revenue growth for 2026, with a ramp-up in the second half.
- To support its acquisition strategy, Ducommun amended its credit agreement, increasing available liquidity to $390 million.
2 days ago
Ducommun Outlines Financial Growth and Vision 2027 Targets
DCO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Ducommun (DCO) reported significant financial growth from FY 2016 to FY 2025, with revenue increasing 50% to $825 million and Adjusted EBITDA growing 144% to $136 million, expanding its Adjusted EBITDA margin from 10% to 16%.
- The company's VISION 2027 strategy targets net revenues of ~$950 million to $1 billion, an Adjusted EBITDA margin of ~18%, and 25% of revenue from engineered products by 2027.
- As of FY 2025, Ducommun's business is primarily segmented into Electronic Systems (56% of revenue) with a 21% Adjusted EBITDA margin and Structural Systems (44% of revenue) with a 19% Adjusted EBITDA margin.
- The company reported a backlog of $1,203 million and Remaining Performance Obligations of $1,106 million for 2025, noting that from January 1, 2026, only Remaining Performance Obligations will be disclosed.
2 days ago
Ducommun Reports Record Q4 Revenue and Settlement Outflow
DCO
Earnings
Legal Proceedings
Guidance Update
- Ducommun reported record Q4 2025 revenue of $215.8 million, an increase of 9.4% year-over-year, marking its nineteenth consecutive quarter of year-over-year revenue growth. The company also achieved adjusted EPS of $1.05 and improved margins, with gross margin rising to 27.7% and adjusted EBITDA margin to 17.5%.
- The company made an initial $150 million payment toward the Guaymas settlement, which contributed to a notable operating cash outflow, and recorded $7.6 million in fire-related litigation costs.
- Remaining performance obligations grew to approximately $1.1 billion, driven by strong defense and missile bookings, with missile franchise bookings exceeding 4x for the quarter. Military and space revenue totaled about $124 million, up 13% year-over-year.
- Management cautioned that commercial aerospace headwinds, particularly related to the 737 MAX and Spirit AeroSystems destocking, are expected to persist through the first half of 2026. They also noted that the Vision 2027 $75 million M&A revenue placeholder will "definitely require" successful deal execution.
2 days ago
Ducommun Reports Record Q4 and Full-Year 2025 Results
DCO
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Ducommun Incorporated reported record net revenue of $215.8 million for the fourth quarter of 2025, an increase of 9.4% over Q4 2024, contributing to a record full-year revenue of $825 million for 2025.
- The company achieved record gross margins of 27.7% in Q4 2025, representing a 420 bps year-over-year growth, with full-year gross margins also reaching a record 26.9%.
- Adjusted EBITDA for Q4 2025 increased 39% year-over-year to $37.9 million, or 17.5% of revenue, with full-year 2025 Adjusted EBITDA reaching $135,567 million or 16.4% of revenue.
- Net income for Q4 2025 was $7.4 million, or $0.48 per diluted share, while non-GAAP adjusted net income grew 43% year-over-year to $16.2 million, or $1.05 per diluted share.
- Revenue Remaining Performance Obligations (RPO) reached a new record of $1.1 billion as of December 31, 2025, driven by a strong book-to-bill ratio of 1.3x in Q4 2025.
2 days ago
Ducommun Incorporated Reports Strong Fourth Quarter and Full-Year 2025 Results
DCO
Earnings
Revenue Acceleration/Inflection
- Ducommun Incorporated reported record net revenue of $215.8 million for the fourth quarter of 2025, marking a 9.4% increase over Q4 2024, and a record $825 million for the full year 2025.
- Net income for Q4 2025 was $7.4 million ($0.48 per diluted share), while non-GAAP adjusted net income grew 43% year-over-year to $16.2 million ($1.05 per diluted share).
- The company achieved record gross margins of 27.7% in Q4 2025 and 26.9% for the full year 2025, alongside Adjusted EBITDA of $37.9 million (up 39% year-over-year) with a 17.5% margin for Q4 2025.
- Revenue Remaining Performance Obligations (RPO) reached a new record of $1.1 billion as of December 31, 2025, supported by a strong book-to-bill ratio of 1.3x for the quarter.
2 days ago
Ducommun Highlights Strong Financial Performance and Vision 2027 Progress at Goldman Sachs Conference
DCO
Revenue Acceleration/Inflection
Guidance Update
M&A
- Ducommun's current management, in place since 2017, has driven substantial growth, with market capitalization increasing 4x and EBITDA rising 125% over the last eight years. The company reported last twelve months (LTM) revenue of just over $800 million and LTM EBITDA margins of 15.5%, tracking at 16% in the last three quarters.
- The company's Vision 2027 plan, communicated in December 2022, targets growing revenues from $700 million in 2022 to nearly $1 billion by 2027 and expanding EBITDA margins from 13% in 2022 to 18% by 2027. Ducommun is currently tracking at 16% EBITDA margin, demonstrating strong progress towards its margin goal.
- A key strategic focus is the growth of engineered products, which has increased from 9% of the portfolio in 2017 to 23% of current revenues, with a target of more than 25% by 2027. This strategy, combined with $11 million to $13 million in expected cost synergies from facility consolidation, is central to margin expansion.
- Ducommun reported a record high backlog of $1.03 billion and record Q3 bookings with a 1.6 book-to-bill ratio. The defense business has shown double-digit growth in the last three quarters, offsetting commercial aerospace weakness, which is expected to recover after destocking through the second half of next year.
Dec 3, 2025, 3:50 PM
Ducommun discusses financial performance, Vision 2027, and growth strategies at Goldman Sachs conference
DCO
M&A
Guidance Update
Revenue Acceleration/Inflection
- Ducommun reported over $800 million in LTM revenue and 15.5% LTM EBITDA margins, with 16% in the last three quarters, and a record high backlog of $1.03 billion as of Q3 2025.
- The company is progressing towards its Vision 2027 goals, aiming for $1 billion in revenue and 18% EBITDA margins by 2027, driven by a strategic shift to engineered products.
- Engineered products now represent 23% of revenues, up from 9% in 2017, with a target of over 25% by 2027, supported by both organic growth and M&A.
- Ducommun expects $11-$13 million in synergies from facility consolidations, with $7-$9 million anticipated in 2026, contributing to margin expansion.
- The company anticipates strong growth from its double-digit growing defense business and an expected inflection point in commercial aerospace growth after destocking, potentially leading to double-digit top-line growth.
Dec 3, 2025, 3:50 PM
Quarterly earnings call transcripts for DUCOMMUN INC /DE/.
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