earnings
confidence high
sentiment positive
materiality 0.75
Ducommun Q4 rev $192.2M; FY rev record $757M; adj EBITDA $102M
DUCOMMUN INC /DE/
2023-FY EPS reported
$1.14
revenue$756,992,000
- GAAP net income $5.1M ($0.34/diluted) vs $8.1M ($0.65) YoY; adjusted net income $10.4M ($0.70) vs $10.6M ($0.85).
- FY2023 rev $757M (record); adj EBITDA $102M (record); gross margin 21.6% (+130 bps YoY).
- Backlog $994M (up from $961M); military/space backlog $527M, up $70M YoY.
- Electronic Systems rev $106.7M (-11%); Structural Systems rev $85.6M (+26%) led by commercial aero and BLR acquisition.
- Q4 cash from ops $26.5M (vs $32.1M); wind-down of Monrovia and Berryville centers impacting margins.