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Oct 01, 2022
Ducommun Q3 2022 Earnings Report
Reported strong revenue growth, driven by commercial aerospace strength and solid gross margins.
Key Takeaways
Ducommun Incorporated reported strong third-quarter results, with revenue exceeding $180 million for the first time since before the pandemic, reaching $186.6 million, a 14% increase over Q3 2021. The company saw significant growth in Commercial Aerospace, with revenue up 66% year-over-year, and gross margins surpassed 20.0%, reaching 20.7%. Adjusted EBITDA also showed a strong increase year-over-year, reaching $26.0 million.
Net revenue was $186.6 million.
Net income was $8.5 million, or $0.69 per diluted share.
Adjusted net income was $11.9 million, or $0.96 per diluted share.
Adjusted EBITDA was $26.0 million, or 13.9% of revenue.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
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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