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Jun 27, 2020
Ducommun Q2 2020 Earnings Report
Reported an increase in gross margin and military and space revenue while effectively responding to industry challenges.
Key Takeaways
Ducommun Incorporated reported a challenging quarter due to the COVID-19 pandemic's impact on commercial aerospace, which was offset by a rise in defense-related revenue and an increase in military and space backlog. Despite lower overall revenue, gross margins improved, and the company remains focused on cost controls and operational efficiency.
Revenue was $147.3 million.
Net income was $5.1 million, or $0.43 per diluted share.
Adjusted net income was $5.6 million, or $0.48 per diluted share.
Gross margin increased 110 basis points year-over-year to 22.2%.
Revenue by Segment
Forward Guidance
Ducommun anticipates positive momentum in the second half of the year and positions itself for a solid rebound in 2021, leveraging its strong product portfolio, intellectual property, dedicated staff, and efficient operations.
Positive Outlook
- Strong product portfolio
- Intellectual property
- Dedicated staff
- Efficient operations
- Positive momentum in the second half of the year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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