Ducommun (DCO) 2025 Conference Summary Company Overview - **Company Name**: Ducommun (DCO) - **Industry**: Aerospace and Defense - **Founded**: 1849, oldest continuous company in California [2][3] - **Current Market Cap**: Approximately $90 [6] Key Financial Highlights - **Stock Performance**: Stock price increased from around $25 in 2017 to approximately $90 now [5][6] - **Revenue Composition**: Nearly 60% of revenue from defense, with a strong presence in commercial aerospace [8][9] - **EBITDA Margins**: Increased from 13% post-COVID to approximately 16.5% currently, with a target of 18% by 2027 [13][14][36] Business Segments - **Market Segmentation**: - **Electronic Systems**: 55% of revenue, involved in electronic warfare and missile systems [10][11] - **Structural Systems**: 45% of revenue, includes titanium ammunition handling and other structural components [10][11] - **Customer Base**: Major customers include RTX, Airbus, and Boeing, with over 50% of revenue from tier one suppliers [9][10] Growth Strategy - **Vision 2027**: Targeting revenue of approximately $950 million by 2027, with a focus on engineered products and aftermarket services [12][36] - **Acquisition Strategy**: Five acquisitions since 2017, focusing on engineered products with aftermarket capabilities [17][70] - **Cost Reduction Initiatives**: Facility consolidations and strategic sourcing to drive cost efficiencies [21][22] Market Dynamics - **Defense Sector Growth**: Anticipated continued growth in defense, particularly in missile and radar systems, with a year-over-year increase of 39% in missile revenue [28][40] - **Commercial Aerospace Challenges**: Current destocking issues at Boeing, with expectations of improvement by mid-2024 as inventory levels normalize [41][46] Supply Chain and Labor - **Supply Chain Management**: Generally stable supply chain performance, with strategic inventory management to mitigate risks [58][59] - **Labor Availability**: Strong talent pool in Southern California, with some constraints in smaller Midwest locations [62] Competitive Landscape - **M&A Landscape**: Competitive but focused on companies with strong market positions and low capital intensity [68][70] - **Market Share Opportunities**: Potential to gain market share as OEMs offload non-core manufacturing activities [75][79] Conclusion Ducommun is positioned for growth in both the defense and commercial aerospace sectors, with a clear strategy focused on margin expansion, strategic acquisitions, and operational efficiencies. The company aims to leverage its strong customer relationships and market position to achieve its Vision 2027 targets.

Core Viewpoint - Ducommun Incorporated will participate in the B. Riley Securities Annual Investor Conference on May 22, 2025, with one-on-one investor meetings scheduled throughout the day [1] Company Overview - Ducommun Incorporated, founded in 1849, provides value-added innovative products and manufacturing solutions primarily in the aerospace, defense, and industrial markets [2] - The company specializes in two core areas: Electronic Systems and Structural Systems, producing complex products and components for commercial aircraft, military and space programs, and industrial applications [2]

Company Overview - Ducommun Incorporated is a provider of value-added innovative products and manufacturing solutions in the aerospace, defense, and industrial markets, established in 1849 [2] - The company specializes in two core areas: Electronic Systems and Structural Systems, producing complex products and components for commercial aircraft, military and space programs, and industrial applications [2] Upcoming Events - Stephen G. Oswald, the chairman, president, and CEO of Ducommun, will participate in the 2025 Truist Securities Industrials & Services Conference on May 8, 2025 [1] - One-on-one investor meetings are scheduled throughout the day, and institutional investors can contact Truist to arrange these meetings [1]