Proposal undervalues Ducommun and does not fully reflect the Company's proven, long-term growth initiatives. Ducommun's Board and Management remain focused on successfully delivering our Vision 2027 Strategy. SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) ("Ducommun" or the "Company"), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today responded to an unsolicited, non-binding indication of interest ...

SANTA ANA, Calif., April 12, 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, is proud to announce two major awards totaling over $50M in revenue for the Raytheon SPY-6 family of radar systems. These two awards represent a $25M follow on order for one circuit card assembly already in production, along with another $25M order for one circuit card assembly that will ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

SANTA ANA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) ("Ducommun" or the "Company"), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today confirmed that the Company's Board of Directors has received an unsolicited non-binding indication of interest from Albion River LLC, a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash. Consistent with its fiduciar ...

SANTA ANA, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, has been named to Newsweek's list of Most Responsible Companies 2024, recognizing organizations for their unwavering commitment to corporate social responsibility (CSR) and long-term sustainability. Newsweek's annual list of America's Most Responsible Companies was produced in collaboration with data firm S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-K _________________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from to Commission File Number 001-08174 ____ ...

Tensions are rising around the world, which is good news for some of the top defense stocks to buy.There’s an ongoing war in Israel. Drone strikes in Iraq are fanning flames across the Middle East. There’s Ukraine. And then there’s the ongoing U.S. issues with North Korea and China. All of which makes some of the top defense stocks to buy indispensable.Ducommun (DCO)Source: Bumble Dee / Shutterstock.comDucommun (NYSE:DCO) makes and sells various parts and products for the aerospace sector. It is not as well ...

Financial Data and Key Metrics Changes - The company reported Q4 2023 revenues of $192.2 million, up from $188.3 million in Q4 2022, marking a year-over-year increase of 1.0% [80] - Full year revenue for 2023 reached $757 million, a 6.2% increase compared to 2022, aligning with the guidance of 6% to 6.5% [14][23] - Adjusted net income for Q4 2023 was $10.4 million or $0.70 per diluted share, compared to $10.6 million or $0.85 per diluted share in Q4 2022 [19][79] - Gross margins improved to 23.2% in Q4 2023 from 21.0% in Q4 2022, driven by favorable product mix and better pricing [18] Business Segment Data and Key Metrics Changes - The Structural Systems segment posted revenue of $85.6 million in Q4 2023, up from $68.2 million in the prior year, reflecting strong growth in commercial aerospace applications [5] - The Electronics Systems segment reported revenue of $106.7 million in Q4 2023, down from $120 million in the prior year, primarily due to lower revenues from military and space customers [74] - The Defense business generated $103 million in revenue for the quarter, showing resilience despite challenges from sunsetting programs like the F-18 [2] Market Data and Key Metrics Changes - The commercial aerospace backlog decreased slightly year-over-year to $429 million, primarily due to production rate issues, but increased sequentially by $7 million [15][80] - The defense backlog reached a record $527 million, up $70 million year-over-year, indicating strong demand in the defense sector [36][80] Company Strategy and Development Direction - The company plans to continue its focus on acquisitions and expects the commercial aerospace recovery to expand alongside defense growth, supported by a record backlog [4] - A restructuring initiative is underway to enhance operational efficiency, including the shutdown of two facilities and transitioning work to lower-cost operations [44][45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2024 with good momentum, despite challenges in the commercial aerospace sector due to FAA oversight of Boeing [17][15] - The company anticipates a long-term positive trend in commercial aerospace once current issues are resolved, with expectations of $90 million in offloading opportunities for 2024 [13][15] Other Important Information - The company expects to incur $5 million to $7 million in restructuring expenses through 2024, with anticipated annual savings of $11 million to $13 million post-restructuring [45] - The company reported a material weakness in internal controls over financial reporting related to revenue recognition, but does not expect this to result in a restatement of financial statements [10] Q&A Session Summary Question: Can you provide details on the engineered products and aftermarket parts revenue? - Management indicated that they are actively working on offloading opportunities and expect to provide updates later in the year [28] Question: What are the biggest headwinds impacting Defense revenue growth? - Management noted the F-18 wind down as a significant factor, along with other supply chain challenges [30] Question: What is the expected offloading for 2024 and potential upside for 2025? - Management confirmed an expectation of $90 million for 2024, with potential to increase to $125 million in 2025 [31][52]

Ducommun (DCO) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.64%. A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.54 per share when it actually produced earnings of $0.70, delivering a surprise of 29.63%.Over the last four quarters, ...

SANTA ANA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) announced today that its Board of Directors elected David B. Carter as an independent director of the company, effective February 1, 2024. Mr. Carter's appointment expands the number of directors on Ducommun's board to nine, eight of whom are independent. Mr. Carter will be a member of the company's Innovation Committee. "We are thrilled that Dave will be joining our board of directors and look forward to his many contribu ...