Loading...
Docoh

Ducommun (DCO)

Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.

Company profile

Ticker
DCO
Exchange
CEO
Stephen Oswald
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Certified Thermoplastics Company, LLC • Composite Structures, LLC • Ducommun AeroStructures, Inc. • Ducommun AeroStructures Mexico, LLC • Ducommun AeroStructures New York, Inc. • Ducommun (England) LTD • Ducommun LaBarge Technologies, Inc. • Ducommun Technologies (Thailand) Ltd. • LaBarge Acquisition Company, Inc. • Lightning Diversion Systems, LLC ...
IRS number
950693330

DCO stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Dec 21 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 22 Tata Rajiv A. Common Stock Grant Acquire A No No 0 4,100 0 11,508
22 Jun 22 Wampler Christopher D. Common Stock Grant Acquire A No No 0 4,673 0 23,305
22 Jun 22 Redondo Jerry L Common Stock Grant Acquire A No No 0 4,981 0 49,528
17 Jun 22 Stephen G Oswald Common Stock Payment of exercise Dispose F No No 43.51 2,601 113.17K 272,540
17 Jun 22 Redondo Jerry L Common Stock Payment of exercise Dispose F No No 43.51 632 27.5K 44,547
13F holders Current Prev Q Change
Total holders 1742 1707 +2.1%
Opened positions 149 248 -39.9%
Closed positions 114 104 +9.6%
Increased positions 785 699 +12.3%
Reduced positions 546 539 +1.3%
13F shares Current Prev Q Change
Total value 53.45B 50.25B +6.4%
Total shares 478.36M 478.71M -0.1%
Total puts 1.96M 2.52M -22.2%
Total calls 3.11M 4.6M -32.4%
Total put/call ratio 0.6 0.5 +15.2%
Largest owners Shares Value Change
Vanguard 68.52M $7.65B +2.7%
BLK Blackrock 50.98M $5.69B -4.5%
STT State Street 42.72M $4.77B +8.5%
Wellington Management 34.88M $3.89B +6.4%
Massachusetts Financial Services 21.93M $2.45B -7.1%
Geode Capital Management 13.35M $1.49B +2.3%
BEN Franklin Resources 11.48M $1.28B -2.5%
NTRS Northern Trust 8.45M $943.73M -1.7%
FMR 7.83M $874.58M -5.9%
LGEN Legal & General 7.66M $855.62M -0.8%
Largest transactions Shares Bought/sold Change
STT State Street 42.72M +3.35M +8.5%
BLK Blackrock 50.98M -2.43M -4.5%
BCS Barclays 1.13M -2.18M -65.8%
Wellington Management 34.88M +2.11M +6.4%
Vanguard 68.52M +1.78M +2.7%
Assenagon Asset Management 101.39K -1.72M -94.4%
Massachusetts Financial Services 21.93M -1.69M -7.1%
FHI Federated Hermes 3.14M -1.61M -33.9%
Elliott Investment Management 0 -1M EXIT
Two Sigma Investments 755.83K -958.26K -55.9%

Financial report summary

?
Risks
  • Our indebtedness could limit our financing options, adversely affect our financial condition, and prevent us from fulfilling our debt obligations.
  • We require a considerable amount of cash to run our business.
  • We require a considerable amount of cash to fund our anticipated voluntary principal prepayments on our Credit Facilities.
  • The covenants in our Credit Facilities impose restrictions that may limit our operating and financial flexibility.
  • We may be adversely affected by changes in LIBOR reporting practices, the method in which LIBOR is determined, or the LIBOR replacement rate.
  • The typical trading volume of our common stock may affect an investor’s ability to sell significant stock holdings in the future without negatively impacting stock price.
  • Our amount of debt may require us to raise additional capital to fund acquisitions.
  • Our end-use markets are cyclical.
  • We depend upon a selected base of industries and customers, which subjects us to unique risks which may adversely affect us.
  • A significant portion of our business depends upon U.S. Government defense spending.
  • Contracts with some of our customers, including Federal government contracts, contain provisions which give our customers a variety of rights that are unfavorable to us and the OEMs to whom we provide products and services, including the ability to terminate a contract at any time for convenience.
  • Further consolidation in the aerospace industry could adversely affect our business and financial results.
  • Our growth strategy includes evaluating selected acquisitions, which entails certain risks to our business and financial performance.
  • We may not be successful in achieving expected operating efficiencies and sustaining or improving operating expense reductions, and may experience business disruptions associated with restructuring, performance center consolidations, realignment, cost reduction, and other strategic initiatives.
  • As we move up the value chain to become a more value added supplier, enhanced design, product development, manufacturing, supply chain project management and other skills will be required.
  • Risks associated with operating and conducting our business outside the United States could adversely impact us.
  • Customer pricing pressures could reduce the demand and/or price for our products and services.
  • Our products and processes are subject to risk of obsolescence as a result of changes in technology and evolving industry and regulatory standards.
  • We may not have the ability to renew facilities leases on terms favorable to us and relocation of operations presents risks due to business interruption.
  • We are subject to a number of procurement laws and regulations. Our business and our reputation could be adversely affected if we fail to comply with these laws.
  • Our operations are subject to numerous extensive, complex, costly and evolving laws, regulations and restrictions, including cybersecurity requirements, and failure to comply with these laws, regulations and restrictions could subject us to penalties and sanctions that could harm our business.
  • Environmental liabilities could adversely affect our financial results.
  • The occurrence of litigation in which we could be named as a defendant is unpredictable.
  • Product liability claims in excess of insurance could adversely affect our financial results and financial condition.
  • We use estimates when bidding on fixed-price contracts. Changes in our estimates could adversely affect our financial results.
  • Goodwill and/or other assets could be impaired in the future, which could result in substantial charges.
  • Unanticipated changes in our tax provision or exposure to additional income tax liabilities could affect our profitability.
  • Our ability to accurately report our financial results or prevent fraud may be adversely affected if our internal control over financial reporting is not effective.
  • We are dependent upon our ability to attract and retain key personnel.
  • Labor disruptions by our employees could adversely affect our business.
  • We rely on our suppliers to meet the quality and delivery expectations of our customers.
  • The COVID-19 pandemic has had, and continues to have, a material adverse effect on our business, results of operations, and financial condition.
  • Increased scrutiny from investors, lenders, and other market participants regarding our environmental, social, and governance, or sustainability responsibilities could expose us to additional costs and adversely impact our liquidity, results of operations, reputation, employee retention, and stock price.
  • Cybersecurity attacks, internal system or service failures may adversely impact our business and operations.
  • Assertions by third parties that we violated their intellectual property rights could have a material adverse effect on our business, financial condition, and results of operations.
  • Damage or destruction of our facilities caused by storms, earthquake, fires or other causes could adversely affect our financial results and financial condition.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Ducommun Incorporated (“Ducommun,” “the Company,” “we,” “us” or “our”) is a leading global provider of engineering and manufacturing services for high-performance products and high-cost-of failure applications used primarily in the aerospace and defense (“A&D”), industrial, medical and other industries (collectively, “Industrial”). We differentiate ourselves as a full-service solution-based provider, offering a wide range of value-added products and services in our primary businesses of electronics, structures and integrated solutions. We operate through two primary business segments: Electronic Systems and Structural Systems, each of which is a reportable segment.
  • The COVID-19 pandemic has had a significant impact on our overall business during both the three and six months ended July 2, 2022 and July 3, 2021. As a result of the COVID-19 pandemic, precautionary measures were instituted by governments and businesses to mitigate its spread, including the imposition of travel restrictions, quarantines, shelter in place directives, and shutting down of non-essential businesses.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: apply, documentation, documented, factual, match, ramping, reestablished, seller, settled, SOFR, write
Removed: delayed, exceeded, Lockheed, Martin, recent, step