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Ducommun (DCO)
NYSE:DCO
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -5.67%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong and consistent revenue growth, particularly in the military and commercial aerospace sectors, with improved margins and a robust defense backlog. However, there were challenges with Boeing and Spirit's lower build rates, as well as a decline in non-core industrial business and mixed margins in Structural Systems.Company Guidance
During Ducommun's Q4 2024 earnings call, the company provided guidance for the upcoming year, projecting mid-single-digit growth in 2025. This growth is expected to be driven by a recovery in commercial aerospace volumes and continued strength in the military and space sectors. The call highlighted Ducommun's Vision 2027 strategy, which aims for 18% EBITDA margins, with 2024 margins already at 14.8%, up 140 basis points year-over-year. The company also achieved a significant milestone with engineered product revenue contributing 23% of total revenue, up from 19% in 2023, positioning Ducommun close to its 2027 target of 25%. The fiscal year 2024 saw record revenues of $786 million, a 3.9% increase, driven by an 8% growth in commercial aerospace despite Boeing production challenges. The defense backlog increased by $98 million year-over-year to $625 million, with strong performance across missile and electronic warfare programs. Gross margins improved to 23.5%, and adjusted EBITDA grew by $4.3 million to 13.8%, reflecting strategic pricing and productivity initiatives. The company plans to capitalize on expected volume recovery and newly certified revenue programs in 2025, with a focus on the second half of the year showing renewed strength.Consistent Revenue Growth
Ducommun reported its 15th consecutive quarter of year-over-year revenue growth, with a 2.6% increase to $197.3 million in Q4 2024.
Military and Space Revenue Increase
Military and space revenue grew by 5% over the prior year, with significant contributions from missile and electronic warfare programs.
Commercial Aerospace Growth
The A220 program grew more than 40% during Q4, and the commercial aerospace sector saw a 4% year-over-year increase, marking 14 consecutive quarters of growth.
Improved Gross Margins
Gross margins increased by 180 basis points to 23.5% in Q4 2024, driven by strategic pricing initiatives and productivity improvements.
Strong Defense Backlog
The company's defense backlog increased by $98 million year-over-year, reaching $625 million.
Significant Order in Europe
Ducommun secured a major order from Bayern-Chemie, valued at over $40 million, for cabling solutions supporting NATO and the Patriot PAC-2 missile.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $61.36 | $57.42 | -6.42% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is Ducommun (DCO) earnings time?
Ducommun (DCO) earnings time is at May 01, 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 2025 (Q1) is 0.69.
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