Ducommun Incorporated (DCO) Stock

Ducommun has reached my 2025 price target, prompting a reassessment of its upside potential and current valuation. The company is well-positioned in both commercial and defense markets, with growing exposure and increasing shipset values. Ducommun posted record revenues, with significant growth in operating income and adjusted EBITDA, driven by strong military and space applications.

Ducommun reported 2.6% revenue growth, driven by military, space, and Airbus programs. Margins improved, with adjusted EBITDA margin expanding to 15.8% and adjusted EPS up 41%. Robust performance in Airbus A220 and A320 programs offset challenges from Boeing's strike. Boeing's recovery is expected to support growth in 2025-2026, especially for the 737 MAX and 787. Facility consolidations and operational streamlining are delivering initial savings, with projected annual savings of $11-13M. Defense backlog increased to $592M, driven by demand for TOW missiles and surveillance.

Ducommun Incorporated (NYSE:DCO ) Q3 2024 Results Conference Call November 7, 2024 1:00 PM ET Company Participants Suman Mookerji - Vice President and Chief Financial Officer Steve Oswald - Chairman, President and Chief Executive Officer Conference Call Participants Mike Crawford - B. Riley Securities Jason Gursky - Citi Michael Ciarmoli - Truist Securities Operator Good day, and thank you for standing by.

Ducommun (DCO) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.70 per share a year ago.

New Directors Provide Operational and Financial Expertise in the A&D Sector and Have Strong Track Records of Creating Value for Shareholders

COSTA MESA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its third quarter ended September 28, 2024.

COSTA MESA, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, proudly celebrated its 175th anniversary as the oldest continuously operating company in California by ringing the Closing Bell at the New York Stock Exchange on Friday, October 11, 2024.

Ducommun continues to report revenue growth for 2Q24, driven by both commercial aerospace and military end markets. Additionally, margins expanded, driven by engineered products, pricing actions, and restructuring efforts. Despite ongoing challenges with Boeing and Spirit AeroSystems related to the 737 MAX, it achieved 12 consecutive quarters of revenue growth in commercial aerospace. Additionally, DCO's fuselage skin project for the 737 MAX, expected to start production by late 2024, is expected to bolster the company's aerospace business outlook.

COSTA MESA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) announced today that Stephen G. Oswald, the Company's chairman, president and chief executive officer will participate in the upcoming RBC Capital Markets Global Industrials Conference on September 24, 2024. Institutional investors are welcome to contact RBC Capital Markets to arrange one-on-one meetings with management.