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Ducommun (DCO)
NYSE:DCO
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.85Last Year’s EPS
$0.34Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -5.73%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record revenues and margins, growth in defense and commercial aerospace segments, and effective cost management. However, challenges remain with Boeing platform weakness and a decrease in the commercial aerospace backlog.Company Guidance
During the third quarter of 2024, Ducommun achieved record revenue and gross margins, with revenue surpassing $200 million for the first time, marking a 2.6% increase year-over-year. The defense sector contributed significantly, with revenues exceeding $100 million for the fourth time in five quarters, driven by a 6% growth in military and space segments, notably from radar, electronic warfare, and missile programs. Commercial aerospace also exhibited robust growth, evidenced by a 3% year-over-year increase, with Airbus platforms like the A220 and A320 experiencing notable rises. Ducommun's gross margins improved to 26.2%, up 350 basis points from the previous year, attributed to strategic pricing initiatives and restructuring savings. Adjusted EBITDA reached $31.9 million, representing 15.8% of revenue, as the company progresses towards its Vision 2027 targets, which include 18% EBITDA margins and increasing engineered products and aftermarket revenue to 25% or more. The consolidated backlog stood strong at $1.044 billion, reflecting an $85 million increase year-over-year.Record Revenue and Growth
Q3 2024 was the second consecutive quarter of record revenue and gross margin for Ducommun, with revenues exceeding $200 million for the first time, growing 2.6% over the prior year.
Defense Segment Growth
Military and space revenues grew 6% year-over-year, with Northrop Grumman becoming the second largest customer, contributing over $17 million, up by over 100% from Q3 last year.
Commercial Aerospace Growth
Commercial aerospace revenue grew 3% year-over-year, marking 13 consecutive quarters of growth, with the A320 family up 60% year-over-year.
Improved Margins
Gross margins reached 26.2%, up 350 basis points year-over-year, with adjusted operating income margins at a record 10.5%, and adjusted EBITDA at 15.8%.
Strong Backlog
The consolidated backlog was strong at $1.044 billion, increasing over $85 million year-over-year, with defense backlog up $97 million.
Effective Cost Management
The company achieved cost savings from facility closures and restructuring, with annual savings expected to reach $11 million to $13 million.
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DCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $65.65 | $67.72 | +3.15% |
| Aug 08, 2024 | $59.72 | $61.65 | +3.23% |
| May 08, 2024 | $55.18 | $56.54 | +2.46% |
| Feb 15, 2024 | $50.77 | $51.60 | +1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ducommun (DCO) report earnings?
Ducommun (DCO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Ducommun (DCO) earnings time?
Ducommun (DCO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DCO EPS forecast?
DCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.85.
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