earnings
confidence high
sentiment positive
materiality 0.75
Ducommun reports record Q3 revenue $196.3M; adj. EBITDA margin 14.9%
DUCOMMUN INC /DE/
2023-Q3 EPS reported
$0.79
revenue$564,761,000
- Revenue $196.3M, +5.2% YoY; commercial aerospace up 14%, defense returned to growth.
- GAAP diluted EPS $0.22; adjusted diluted EPS $0.70.
- Adjusted EBITDA $29.3M (14.9% of revenue), an all-time high for the company.
- Structural Systems adj. operating income $13.5M (15.7% of revenue) vs $9.8M (13.3%) a year ago.
- Net cash from operations $14.3M vs ($5.5M) in Q3 2022, driven by higher customer progress payments.