secwatch.observer — SEC 8-K summary
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Issuer:     DUCOMMUN INC /DE/ (DCO)
CIK:        0000030305
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001628280-22-011996
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ducommun Q1 revenue up 4% to $163.5M; record backlog $943M; restructuring plan announced
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- Net income $8.1M ($0.66 diluted EPS); adjusted EPS $0.67; revenue $163.5M, +4% YoY.
- Record backlog of $943M; commercial aerospace revenue +$18.7M, military/space -$14.8M.
- Restructuring: $10-14M pre-tax charges over 12 months; expects $3-4M annualized savings from 2023.
- Paid down $30M on term loans during Q1 using sale-leaseback proceeds.
- Gross margin 19.9% vs 21.1% YoY; adjusted EBITDA $20.1M (12.3% of revenue).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30305/000162828022011996/0001628280-22-011996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30305/000162828022011996/dco-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-011996

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