earnings
confidence high
sentiment positive
materiality 0.80
Ducommun Q2 revenue $197M record, gross margin 26%, net income up 225% YoY
DUCOMMUN INC /DE/
2024-Q2 EPS reported
$0.97
revenue$387,847,000
- Revenue $197.0M (+5.2% YoY); net income $7.7M ($0.52 diluted EPS) vs $2.4M in Q2 2023.
- Non-GAAP adjusted net income $12.5M ($0.83 diluted EPS); adjusted EBITDA $30.0M (15.2% of revenue).
- Gross margin 26.0%, up 460 bps YoY; Structural Systems revenue $95.6M (+19%), Electronic Systems $101.4M (-5%).
- Record gross margin driven by mix, pricing, restructuring; $1.4M professional fees for unsolicited offer to acquire Ducommun.
- Interest expense down to $4.0M from $5.7M on swap benefits and lower debt.