Loading...
•
Oct 02, 2021
Ducommun Q3 2021 Earnings Report
Reported revenue increase driven by commercial aerospace and defense, with backlog reaching its highest level since the pandemic's start.
Key Takeaways
Ducommun Incorporated reported an increase in revenue by 9% year-over-year, driven by strong performance in the defense sector and growing demand in commercial aerospace. The company's backlog reached $836 million, the highest since the beginning of the COVID-19 pandemic. Net income and adjusted EBITDA also showed positive results.
Revenue increased to $163.2 million, up 9% year-over-year.
Commercial aerospace sales climbed more than 50% due to increased build rates from Boeing and Airbus.
Backlog increased to $836 million, the highest level since the COVID-19 pandemic began.
Adjusted EBITDA was $23.9 million, and adjusted EPS was $0.83 per diluted share.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report. The report mentions the company is assessing opportunities to increase asset utilization and streamline operations.
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
Loading earnings performance data...
Loading earnings reaction data...