Q4 2025 Earnings Call Stephen Oswald - Chairman, President and Chief Executive Officer Suman Mookerji – Senior Vice President, Chief Financial Officer February 26, 2026 Disclosures Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be preceded by, followed by or include the words "believe," "continue," "estimate," "expect," "may," "plan," "potential," "should," "result," ...

分组1 - Ducommun reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and showing an increase from $0.75 per share a year ago, resulting in an earnings surprise of +15.39% [1] - The company posted revenues of $215.8 million for the quarter ended December 2025, which was 0.57% below the Zacks Consensus Estimate, but an increase from $197.29 million year-over-year [2] - Ducommun has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has gained approximately 33.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.5% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.91 for the upcoming quarter and $4.23 for the current fiscal year [4][7] - The Aerospace - Defense Equipment industry, to which Ducommun belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Investor Presentation Q4 2025 Disclosures Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be preceded by, followed by or include the words "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions. These statements are based on the beliefs and assumptions of the Company's management. Generally, forward-looking statements include infor ...

Ducommun Incorporated Reports Fourth Quarter 2025 Results Strong Finish to 2025; Record Full Year Revenue and Gross Margins EXHIBIT 99.1 NEWS RELEASE COSTA MESA, CALIFORNIA (February 26, 2026) – Ducommun Incorporated (NYSE: DCO) ("Ducommun" or the "Company") today reported results for its fourth quarter and year ended December 31, 2025. Fourth Quarter 2025 Recap "We continued to make excellent progress to close out year three of our five year VISION 2027 with gross margin and Adjusted EBITDA margins at reco ...

Strong Finish to 2025; Record Full Year Revenue and Gross MarginsCOSTA MESA, Calif., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its fourth quarter and year ended December 31, 2025. Fourth Quarter 2025 Recap Net revenue of $215.8 million, an increase of 9.4% over Q4 2024Gross margin of 27.7% showed year-over-year growth of 420 bpsNet income of $7.4 million increased 10% year-over-year, or $0.48 per diluted share, or 3.4% of rev ...

Core Viewpoint - Ducommun's shares have experienced a significant increase due to positive investor sentiment regarding the company's long-term defense outlook and strong order momentum, despite challenges in the commercial aerospace segment [2][3]. Group 1: Stock Performance - Ducommun (DCO) shares rose 5.6% to close at $121.42, with trading volume significantly higher than usual, contributing to a 14.8% gain over the past four weeks [1]. - The stock's recent performance reflects strong investor confidence, driven by the company's alignment with U.S. defense priorities and a diversified customer base [3]. Group 2: Financial Expectations - Ducommun is expected to report quarterly earnings of $0.91 per share, representing a year-over-year increase of 21.3%, with revenues projected at $217.03 million, up 10% from the previous year [4]. - The consensus EPS estimate for Ducommun has remained unchanged over the last 30 days, indicating stability in earnings expectations [5]. Group 3: Industry Context - Ducommun operates within the Aerospace - Defense Equipment industry, which is currently facing mixed performance, as evidenced by the decline of another industry player, Outdoor Holding Company [5].

Core Insights - Ducommun (DCO) shares have increased by 23.4% since the last report, significantly outperforming the S&P 500, indicating a strong buy rating has been effective [1] Company Analysis - Ducommun is identified as an aerospace and defense supplier, with a focus on discovering investment opportunities within the aerospace, defense, and airline sectors [1] - The analyst, Dhierin-Perkash Bechai, has a background in aerospace engineering, which aids in providing context and analysis of the industry’s developments and their potential impact on investment strategies [1] Industry Context - The aerospace and defense industry is characterized by significant growth prospects, suggesting a favorable environment for investment [1] - The investing group, The Aerospace Forum, offers access to data analytics monitors, enhancing the ability to make informed investment decisions in this complex industry [1]

Core Points - Ducommun Incorporated has been awarded the Vertical Launch Systems Supplier of the Year by BAE Systems, recognizing its exceptional performance and commitment to operational excellence in 2025 [1][2] - The award highlights Ducommun's contributions to the supply chain success of BAE Systems, ensuring quality and timely deliveries of combat vehicles and weapon systems to the U.S. military and its allies [1][2] - This recognition marks Ducommun as a Gold Supplier for the third consecutive year, reflecting its ongoing commitment to excellence in supporting BAE Systems programs [2] Company Overview - Ducommun Incorporated specializes in providing value-added, innovative manufacturing solutions and products primarily for the aerospace, defense, and industrial markets [5] - The company focuses on two core areas: Electronic Systems and Structural Solutions, producing complex products and components for commercial aircraft, military, and space programs [5] Industry Context - BAE Systems' 'Partner2Win' program, now in its seventh year, acknowledges suppliers excelling in operations, quality, and procurement, fostering close relationships and sharing best practices to drive mutual success [3] - BAE Systems operates as a global defense, aerospace, and security company with approximately 100,000 employees worldwide, delivering a full range of products and services across various domains [4]

Company Overview - Ducommun was founded in 1849 and is recognized as the oldest company in California [3] - The company was originally established not as an aerospace company but as a general entity [3] Presentation Highlights - The CFO, Suman Mookerji, is presenting an investor presentation aimed at providing background on the company and its future direction [2] - The presentation includes forward-looking statements that are subject to risk factors, with references to Qs and Ks for more details [2]

Ducommun (NYSE:DCO) 2025 Conference Summary Company Overview - Ducommun was founded in 1849 and is the oldest company in California, originally established as a general store in Los Angeles before transitioning into the aerospace sector in the 1930s [5][6] - The current management team has been in place since 2017, focusing on transforming the business and streamlining operations [7][8] Financial Performance - The company's market capitalization has grown 4x over the past eight years, with EBITDA increasing by 125% during the same period [9] - Current revenue is just over $800 million, with an LTM EBITDA margin of 15.5%, tracking at 16% in the last three quarters [9][10] - Record backlog of $1.03 billion and a book-to-bill ratio of 1.6 in Q3, indicating strong demand [10] Business Segments - Revenue mix is increasingly skewed towards military applications, with double-digit growth in the defense business over the last three quarters [10][11] - The company has significant exposure to narrow-body aircraft, including the Boeing 737 MAX and Airbus A220, and is well-positioned for recovery in commercial aerospace [11][12] Strategic Initiatives - Vision 2027 plan aims to grow revenues from $700 million in 2022 to nearly $1 billion by 2027, with EBITDA margins expanding from 13% to 18% [19][20] - Engineered products are a key focus, with a target of increasing their share from 15% in 2022 to over 25% by 2027; currently at 23% [22][23] - Cost-saving measures include consolidating manufacturing facilities, with expected synergies of $11 million to $13 million from recent moves [25] Market Dynamics - The defense sector remains robust, with strong order flow and high double-digit growth in missile and radar systems [28][29] - Anticipated recovery in commercial aerospace driven by increased production rates from Boeing and Airbus [11][44] - Current inventory levels are higher than typical due to strategic investments made during the pandemic, which positions the company well for future cash flow improvements [54] M&A Strategy - The company has successfully completed five acquisitions under the current management, contributing to revenue and margin growth [26][35] - Active pursuit of additional acquisition opportunities, with a focus on engineered products, despite a competitive M&A landscape [56] Tariff Impact - Ducommun's manufacturing footprint is primarily in the U.S., with 95% of revenues generated domestically, resulting in limited exposure to tariffs [30][31] Conclusion - Ducommun is positioned for significant growth in both defense and commercial aerospace sectors, with a strong focus on engineered products and strategic acquisitions to enhance its market position and financial performance [28][40]