Monday, May 13, 2019
Ducommun Incorporated (DCO)
Markets Respond to a Surprisingly a Good Quarter.
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.
- Meaningful Upside Surprise. Markets responded positively to the surprisingly strong revenue growth and margin expansion reported in the Q1 earnings release last week. Revenue and diluted EPS for the quarter were $172.6 million and $0.64 representing an upside surprise of 8.65% and 44.8% above consensus estimates, respectively.
- We’ve Come a Long Way. On a year-over-year basis first quarter revenue grew 14.7%. This top line growth reflects the strong execution of organic and inorganic growth initiatives in an expansionary industry environment. Gross, adjusted EBITDA, and operating profit margins of 20.7%, 12.6%, and 7.4% were also an improvement over last year’s Q1 margins of 17.8%, 9.6%, and 3.5%, respectively. This enhanced…
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