Tuesday, May 7, 2019
Ducommun Incorporated (DCO)
Commercial Aerospace Still a Positive…For Now.
Ducommun Inc is a leading global provider of engineering & manufacturing services for high-performance products & high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical & other industries.
Christian Herbosa, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Commercial Aerospace Drives Top
Line Beat. First quarter revenue was 14.7% higher than last year at $172.6
million, meaningfully beating our expectations of $160 million. Commercial aerospace applications, namely the Boeing 737 platform, drove the year-over-year revenue increase contributing an additional $15.7 million more than in Q1 2018. - Margin Enhancement Across the
Board. Gross, adjusted EBITDA, and operating profit margins of 20.7%, 12.6%, and 3.5% were all a meaningful improvement over last year’s first quarter margins of 17.8%, 9.6%, and 3.5%, respectively. This enhanced profitability can largely be attribut…
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