secwatch.observer — SEC 8-K summary
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Issuer:     DUCOMMUN INC /DE/ (DCO)
CIK:        0000030305
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001628280-24-004932
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ducommun Q4 rev $192.2M; FY rev record $757M; adj EBITDA $102M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30305/000162828024004932/0001628280-24-004932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30305/000162828024004932/dco-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-004932

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer