Ducommun (NYSE:DCO – Get Free Report) released its quarterly earnings data on Tuesday. The aerospace company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07, FiscalAI reports. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.40%. The firm had revenue of $209.02 million during the quarter, compared to analysts’ expectations of $199.61 million. During the same period in the previous year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year.
Here are the key takeaways from Ducommun’s conference call:
- Ducommun reported a record Q1 revenue of $209 million, up about 9% year over year, marking its fourth straight quarter above $200 million and its 20th consecutive quarter of year-over-year revenue growth.
- Commercial aerospace rebounded strongly, with revenue up roughly 18% year over year, driven by higher OEM production rates on Airbus A220/A320 and Boeing 737 MAX programs, plus growth in commercial rotorcraft.
- Margins improved meaningfully as gross margin rose to 26.9%, adjusted operating margin reached 8.6%, and adjusted EBITDA margin hit 16.9%, keeping the company on track toward its Vision 2027 target of 18%.
- Defense momentum remains strong, with missile revenue up 22% in the quarter and management expecting a multi-year upside from new missile framework agreements and higher production on programs like Tomahawk, PAC-3, SM-3, and SM-6.
- Management reiterated full-year 2026 revenue growth guidance of mid- to high-single digits, but said some commercial aerospace destocking headwinds should continue through the rest of the year and may make quarterly growth uneven.
Ducommun Trading Up 4.2%
Shares of Ducommun stock opened at $151.18 on Thursday. Ducommun has a 52-week low of $65.16 and a 52-week high of $153.96. The firm has a 50-day moving average of $133.75 and a 200-day moving average of $114.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The stock has a market cap of $2.28 billion, a PE ratio of -64.06 and a beta of 1.06.
Analysts Set New Price Targets
View Our Latest Stock Report on DCO
Insiders Place Their Bets
In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the sale, the director owned 20,100 shares of the company’s stock, valued at $2,629,683. This represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Ducommun
Several institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in Ducommun by 3.8% during the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 117 shares during the period. Ameriprise Financial Inc. lifted its position in Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 153 shares during the period. The Manufacturers Life Insurance Company lifted its position in Ducommun by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after purchasing an additional 155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ducommun by 1.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,675 shares of the aerospace company’s stock worth $2,062,000 after purchasing an additional 219 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Institutional investors own 92.15% of the company’s stock.
Ducommun Company Profile
Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.
Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.
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