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Jun 29, 2024
Ducommun Q2 2024 Earnings Report
Reported record quarterly revenue and gross margins.
Key Takeaways
Ducommun Incorporated reported a strong second quarter in 2024, marked by record quarterly revenue of $197.0 million, a 5.2% increase year-over-year, and a significant improvement in gross margin, which expanded by 460 bps to 26.0%. The company's net income also saw a substantial increase of 225% year-over-year, reaching $7.7 million, or $0.52 per diluted share.
Net revenue reached a quarterly record of $197.0 million, up 5.2% compared to Q2 2023.
Net income increased by 225% year-over-year to $7.7 million, or $0.52 per diluted share.
Gross margin expanded by 460 bps year-over-year, reaching a new quarterly record of 26.0%.
Adjusted EBITDA increased by 15% year-over-year to $30.0 million, representing 15.2% of revenue.
Revenue by Segment
Forward Guidance
Ducommun did not provide specific forward guidance in this earnings report.
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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