NYSE$DCO
Ducommun Incorporated · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported a solid start to 2021 with continued margin strength.
Ducommun Incorporated reported a decrease in revenue for the first quarter of 2021, primarily due to lower revenue in the commercial aerospace market, offset by higher revenue in the military and space markets. Net income also decreased compared to the first quarter of 2020, but the company remains optimistic about increasing build rates in the second half of 2021 and 2022.
- Revenue was $157.2 million.
- Net income was $6.7 million, or $0.55 per diluted share.
- Adjusted net income was $7.1 million, or $0.58 per diluted share.
- Gross margin was 21.1%.
Headline financials
Revenue & EPS history
Ducommun · Revenue · Quarterly
$157M
Revenue by segment
Ducommun · $157M total across 2 segments · Q1 2021
- Electronic Systems$99.1M+1.0%63.1%
- Structural Systems$58M-23.0%36.9%
Forward guidance
The company anticipates increasing build rates in the second half of 2021 and 2022 will have a positive impact on key aircraft platforms across customers such as Boeing, Airbus and Gulfstream.
Tailwinds
- Increasing build rates in the second half of 2021 and 2022 will have a positive impact on key aircraft platforms.
- Pent-up demand in air travel is expected to drive increased shipments.
- Vaccination progress will ultimately drive increased shipments across a host of programs.
- 2021 looks promising for the aerospace industry.
- Ducommun is uniquely positioned to benefit as the economy continues to strengthen.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+1.5%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+3.1%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+36.6%
Q4 2019
Best reaction
-22.6%
Q1 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.3% | +1.8% | +17.5% | |
| Q4 2025 | -3.3% | +6.6% | -4.7% | |
| Q3 2025 | -2.5% | +6.0% | -2.6% | |
| Q1 2025 | +3.5% | +11.4% | +25.2% | |
| Q4 2024 | -6.4% | -7.3% | -4.7% | |
| Q3 2024 | +3.7% | +3.8% | -3.0% | |
| Q2 2024 | +3.3% | +9.9% | +2.4% | |
| Q1 2024 | +3.6% | +2.6% | +5.1% | |
| Q4 2023 | -3.2% | -3.8% | -1.0% | |
| Q3 2023 | -0.4% | +5.1% | +9.0% | |
| Q2 2023 | -8.4% | -8.3% | -5.8% | |
| Q1 2023 | -7.3% | -6.0% | -17.5% | |
| Q4 2022 | -7.8% | -5.7% | -13.7% | |
| Q3 2022 | +7.2% | +9.3% | +3.2% | |
| Q2 2022 | -5.9% | -2.9% | -10.6% | |
| Q1 2022 | +2.8% | -1.5% | -9.4% | |
| Q4 2021 | +4.4% | +8.7% | +15.2% | |
| Q3 2021 | +2.4% | +7.3% | -12.3% | |
| Q2 2021 | -3.0% | -4.8% | -9.0% | |
| Q1 2021 | -3.8% | -2.9% | -11.6% | |
| Q4 2020 | -1.6% | -0.8% | +10.7% | |
| Q3 2020 | -1.6% | +3.0% | +47.6% | |
| Q2 2020 | +4.5% | +5.0% | +11.4% | |
| Q1 2020 | -13.5% | -16.2% | +7.1% | |
| Q4 2019 | +36.6% | +15.1% | -54.1% | |
| Q3 2019 | +17.8% | +11.6% | +16.1% | |
| Q2 2019 | +14.0% | +8.4% | +0.5% | |
| Q1 2019 | +14.3% | +16.7% | +11.5% | |
| Q4 2018 | +10.0% | +7.9% | +3.5% | |
| Q3 2018 | +9.0% | +8.4% | -3.9% | |
| Q2 2018 | +17.5% | +23.4% | +28.0% | |
| Q1 2018 | +4.1% | +0.2% | +7.4% | |
| Q4 2017 | +0.4% | +4.2% | +6.6% | |
| Q3 2017 | -1.5% | -11.0% | -16.0% | |
| Q2 2017 | -2.1% | -3.7% | -6.7% | |
| Q1 2017 | +15.3% | +7.2% | +10.0% | |
| Q4 2016 | +4.6% | -6.2% | -8.5% | |
| Q3 2016 | +14.2% | +16.5% | +51.5% | |
| Q2 2016 | +8.4% | +20.4% | +28.1% | |
| Q1 2016 | +5.9% | — | — | |
| Q4 2015 | -4.4% | — | — | |
| Q3 2015 | -19.4% | — | — | |
| Q2 2015 | +12.6% | — | — | |
| Q1 2015 | -20.1% | — | — | |
| Q4 2014 | +12.4% | — | — | |
| Q3 2014 | -10.3% | — | — | |
| Q2 2014 | +18.3% | — | — | |
| Q1 2014 | +5.6% | — | — | |
| Q4 2013 | +6.2% | — | — | |
| Q3 2013 | -17.0% | — | — | |
| Q2 2013 | +16.5% | — | — | |
| Q1 2013 | -22.6% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | +28.2% | — | — | |
| Q1 2011 | -5.6% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | -7.7% | — | — | |
| Q4 2009 | -7.7% | — | — | |
| Q3 2011 | -6.4% | — | — | |
| Q3 2010 | -6.4% | — | — | |
| Q2 2011 | -4.3% | — | — | |
| Q2 2010 | -4.3% | — | — | |
| Q4 2010 | -4.3% | — | — | |
| Q1 2010 | -2.4% | — | — |
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