Ducommun Q2 revenue $187.3M, backlog tops $1B; commercial aerospace up 37% YoY

DUCOMMUN INC /DE/

2023-Q2 EPS reported $0.58 revenue$368,511,000

Net revenue $187.3M (+7.5% YoY); net income $2.4M ($0.17) vs $4.1M ($0.34).
Adjusted net income $7.3M ($0.54); adjusted EBITDA $26.1M (13.9% of revenue).
Record backlog $1.01B, up from $960.8M at Dec 2022; commercial aerospace revenue +37% YoY.
Completed stock offering net $85.1M; acquired BLR Aerospace in April; restructuring expected by year-end 2023.
Gross margin expanded to 21.4% from 19.9% YoY; Structural Systems rev $80.2M (+24% YoY).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DUCOMMUN INC /DE/ reported second quarter ended July 1, 2023 results: revenue $187.3 million, net income $2.4 million, EPS $0.17 per diluted share.

Period: second quarter ended July 1, 2023
Revenue: $187.3 million
Net income: $2.4 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

– Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its second quarter ended July 1, 2023. Second Quarter 2023 Recap • Net revenue was $187.3 million • Net income of $2.4 million, or $0.17 per diluted share • Adjusted net income of $7.3 million, or $0.54 per diluted share • Adjusted EBITDA of $26.1 million, or 13.9% of revenue

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Source: SEC EDGAR

accession 0001628280-23-026965

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