secwatch.observer — SEC 8-K summary
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Issuer:     DUCOMMUN INC /DE/ (DCO)
CIK:        0000030305
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-035845
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ducommun Q2 revenue $197M record, gross margin 26%, net income up 225% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30305/000162828024035845/0001628280-24-035845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30305/000162828024035845/dco-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035845

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