Ducommun Incorporated reported net revenue of $194.1 million for the first quarter of 2025, a 2% increase over Q1 2024. The company achieved a record gross margin of 26.6% and Adjusted EBITDA of $30.9 million, or 15.9% of revenue, driven by strong defense business performance.
Net revenue increased by 2% year-over-year to $194.1 million, primarily due to strength in the defense business.
Gross margin reached a new quarterly record of 26.6%, expanding 200 basis points year-over-year.
Adjusted EBITDA increased by 13% year-over-year to $30.9 million, representing 15.9% of revenue.
Net income grew by 53% year-over-year to $10.5 million, or $0.69 per diluted share.
Ducommun is well-positioned for a strong year in 2025, continuing progress towards its VISION 2027 goals, with ongoing monitoring of the tariff environment and mitigation plans for raw materials tariff exposures.
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