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
Website
CEO
Stephen Oswald
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
News

Recap: Ducommun Q2 Earnings
4 Aug 22
Ducommun Q2 EPS $0.76 Misses $0.82 Estimate, Sales $174.20M Beat $172.39M Estimate
4 Aug 22
Earnings Scheduled For August 4, 2022
4 Aug 22
Truist Securities Maintains Buy on Ducommun, Lowers Price Target to $63
19 Jul 22
5 Value Stocks In The Industrials Sector
1 Jun 22
Press releases
Gabelli Funds to Host 28th Annual Aerospace & Defense Symposium Thursday, September 8, 2022
15 Aug 22
Ducommun Incorporated Reports Results for the Second Quarter Ended July 2, 2022
4 Aug 22
Ducommun to Participate in Jefferies Industrials Conference [Updated]
3 Aug 22
Ducommun Incorporated Announces New Credit Facility
18 Jul 22
Analyst ratings and price targets
Calendar
4 Aug 22
16 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
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 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 1742 |
Opened positions | 149 |
Closed positions | 114 |
Increased positions | 785 |
Reduced positions | 546 |
13F shares | Current |
---|---|
Total value | 53.45B |
Total shares | 478.36M |
Total puts | 1.96M |
Total calls | 3.11M |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 68.52M | $7.65B |
BLK Blackrock | 50.98M | $5.69B |
STT State Street | 42.72M | $4.77B |
Wellington Management | 34.88M | $3.89B |
Massachusetts Financial Services | 21.93M | $2.45B |
Geode Capital Management | 13.35M | $1.49B |
BEN Franklin Resources | 11.48M | $1.28B |
NTRS Northern Trust | 8.45M | $943.73M |
FMR | 7.83M | $874.58M |
LGEN Legal & General | 7.66M | $855.62M |
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 | ||
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Uncertain | ||
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Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
apply, documentation, documented, factual, match, ramping, reestablished, seller, settled, SOFR, write
Removed:
delayed, exceeded, Lockheed, Martin, recent, step
Financial reports
Current reports
8-K
Ducommun Incorporated Reports Results for the Record Backlog*, Strong Free Cash Flow; Completed Debt Refinancing
4 Aug 22
8-K
Entry into a Material Definitive Agreement
18 Jul 22
8-K
Ducommun Incorporated Reports Results for the Record Backlog*; Solid Start to 2022; Restructuring Initiative Announced
3 May 22
8-K
Departure of Directors or Certain Officers
20 Apr 22
8-K
Ducommun Reports Results for the Completed Sale-Leaseback Netting Over $110 Million in Proceeds; Record Diluted EPS of $9.05
23 Feb 22
8-K
Samara a. Strycker Joins Ducommun Incorporated’s Board of Directors
30 Dec 21
8-K
Ducommun Incorporated Announces the Completion of Strategic Sale-Leaseback Transaction with CenterPoint Properties
20 Dec 21
8-K
Ducommun Incorporated Acquires
16 Dec 21
8-K
Departure of Directors or Certain Officers
29 Nov 21
8-K
Ducommun Incorporated Reports Results for the Commercial Aerospace Business Returns to Growth; Backlog* Increases
2 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
20 Apr 22
S-8
Registration of securities for employees
6 May 20
S-8
Registration of securities for employees
26 Nov 19
S-8
Registration of securities for employees
10 May 18
S-8
Registration of securities for employees
2 Nov 16
S-3/A
Shelf registration (amended)
2 Jul 13
S-3
Shelf registration
14 May 13
S-8
Registration of securities for employees
7 May 13
424B3
Prospectus supplement
19 Jan 12
Proxies
DEFA14A
Additional proxy soliciting materials
29 Mar 22
DEFA14A
Additional proxy soliciting materials
9 Mar 22
DEFA14A
Additional proxy soliciting materials
8 Mar 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEFA14A
Additional proxy soliciting materials
20 Mar 19
DEF 14A
Definitive proxy
20 Mar 19
Other
SD
Conflict minerals disclosure
20 May 22
SD
Conflict minerals disclosure
21 May 21
SD
Conflict minerals disclosure
22 May 20
EFFECT
Notice of effectiveness
6 Dec 19
CORRESP
Correspondence with SEC
2 Dec 19
UPLOAD
Letter from SEC
1 Dec 19
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
9 Jun 16
Ownership
4
DUCOMMUN / Jerry L Redondo ownership change
24 Jun 22
4
DUCOMMUN / Christopher D. Wampler ownership change
24 Jun 22
4
DUCOMMUN / Rajiv A. Tata ownership change
24 Jun 22
4
DUCOMMUN / Christopher D. Wampler ownership change
21 Jun 22
4
DUCOMMUN / Rajiv A. Tata ownership change
21 Jun 22
4
DUCOMMUN / Jerry L Redondo ownership change
21 Jun 22
4
DUCOMMUN / Stephen G Oswald ownership change
21 Jun 22
4
DUCOMMUN / Christopher D. Wampler ownership change
16 May 22
4
DUCOMMUN / Christopher D. Wampler ownership change
9 May 22
4
DUCOMMUN / Rajiv A. Tata ownership change
9 May 22
Transcripts
2022 Q1
Earnings call transcript
8 May 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
13 Aug 21
2021 Q1
Earnings call transcript
8 May 21
2020 Q4
Earnings call transcript
12 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q3
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
20 Feb 20
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