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Dec 31, 2020
Ducommun Q4 2020 Earnings Report
Reported solid Q4 2020 results, positioning the company for future growth.
Key Takeaways
Ducommun Incorporated reported a decrease in revenue for Q4 2020, primarily due to lower commercial aerospace revenue, but saw an increase in military and space revenue. Net income increased due to lower expenses, and gross margin improved. The company is optimistic about future quarters due to a high defense backlog and anticipated stability in the commercial business.
Revenue was $157.8 million.
GAAP net income was $9.7 million, or $0.80 per diluted share.
Adjusted net income was $10.8 million, or $0.89 per diluted share.
Military and space revenue rose more than 25%.
Revenue by Segment
Forward Guidance
Ducommun anticipates higher growth in the second half of 2021, with an even better outlook for 2022, driven by improving fundamentals in aircraft production and pent-up demand for air travel.
Positive Outlook
- Defense backlog at all-time highs.
- Forecasted stability in commercial business.
- Improving fundamentals in aircraft production.
- Pent up demand for air travel post pandemic.
- Company is in great shape to weather the remaining headwinds.
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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