earnings
confidence high
sentiment positive
materiality 0.75
Ducommun Q3 revenue $201.4M record; net income up 216% YoY; gross margin 26.2%
DUCOMMUN INC /DE/
2024-Q3 EPS reported
$1.65
revenue$589,259,000
- Record quarterly revenue of $201.4M (+2.6% YoY); net income $10.1M ($0.67 EPS) vs $3.2M in Q3 2023.
- Gross margin expanded 350 bps to 26.2%; adjusted EBITDA was $31.9M (15.8% revenue), up 90 bps YoY.
- Non-GAAP adjusted net income $14.8M ($0.99 per diluted share), up 44% YoY.
- Electronic Systems rev $115.4M (+4.2%); Structural Systems $86.0M (+0.6%); strength in military radar, Airbus, business jets.