Ducommun Q1 revenue up 11% to $181.2M; completes BLR Aerospace acquisition

DUCOMMUN INC /DE/

2023-Q1 EPS reported $0.42 revenue$181,191,000

Q1 2023 net revenue $181.2M, up 10.8% YoY; commercial aerospace revenue rose 35%.
GAAP net income $5.2M ($0.42 diluted EPS); adjusted net income $7.9M ($0.63).
Adjusted EBITDA $23.1M (12.7% of revenue), up from $20.1M YoY.
Gross margin improved to 20.3% from 19.9% a year ago.
Completed acquisition of BLR Aerospace, an engineered products and aftermarket provider.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DUCOMMUN INC /DE/ reported first quarter ended April 1, 2023 results: revenue $181.2 million, net income $5.2 million, or $0.42 per diluted share.

Period: first quarter ended April 1, 2023
Revenue: $181.2 million
Net income: $5.2 million, or $0.42 per diluted share
Result: reported results

Exact text from the filing

– Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended April 1, 2023. First Quarter 2023 Recap • Net revenue was $181.2 million, up 11%, all organic • Net income of $5.2 million, or $0.42 per diluted share • Adjusted net income of $7.9 million, or $0.63 per diluted share • Adjusted EBITDA of $23.1

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Source: SEC EDGAR

accession 0001628280-23-015406

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