earnings
confidence high
sentiment positive
materiality 0.70
Ducommun Q4 revenue $197M, +2.6% YoY; record FY2024 revenue $787M, gross margin 25.1%
DUCOMMUN INC /DE/
2024-FY EPS reported
$2.10
revenue$786,551,000
- Q4 net income $6.8M ($0.45 diluted EPS), adjusted EPS $0.75, up 33% YoY.
- Q4 adjusted EBITDA $27.3M (13.8% of revenue), +19% YoY; gross margin 23.5%, up 180 bps.
- FY2024 record revenue $787M, record gross margin 25.1%; backlog $1.06B, military & space up ~$100M to $625M.
- SG&A rose partly due to $0.7M costs from unsolicited non-binding offer to acquire Ducommun.
- Management expects Boeing production recovery in H2 2025 and continued Airbus growth.