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Jul 01, 2023
Ducommun Q2 2023 Earnings Report
Reported strong second-quarter results driven by commercial aerospace demand and a record backlog.
Key Takeaways
Ducommun Incorporated reported strong Q2 2023 results, with revenue exceeding $180 million for the third consecutive quarter, up 8% year-over-year to $187.3 million. Commercial Aerospace revenues increased by 37% year-over-year, and gross margins expanded by 150 bps to 21.4%. The company's backlog reached a record $1.0 billion.
Net revenue was $187.3 million.
Net income was $2.4 million, or $0.17 per diluted share.
Adjusted EBITDA was $26.1 million, representing 13.9% of revenue.
Record backlog of $1.0 billion was achieved.
Revenue by Segment
Forward Guidance
Ducommun anticipates strong years ahead, validated by participation at the Paris Air Show and significant aircraft orders from Airbus and Boeing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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