Ducommun Incorporated reported a solid quarter with increased revenue driven by commercial aerospace demand and steady performance in the defense business. Revenue exceeded $170 million for the first time since the COVID-19 pandemic, with a significant increase in commercial aircraft platform sales. The company also achieved a record backlog and completed debt refinancing.
Net revenue was $174.2 million, up 9% year-over-year.
Net income was $4.1 million, or $0.34 per diluted share.
Adjusted EBITDA was $24.1 million, representing 13.8% of revenue.
Free cash flow was $20.7 million, the strongest performance since the onset of the COVID-19 pandemic.
No forward guidance provided in this report.
Visualization of income flow from segment revenue to net income
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