NYSE$DCO
Ducommun Incorporated · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a solid start to 2022 and announced a restructuring initiative.
Ducommun Incorporated reported a 4% increase in revenue to $163.5 million compared to Q1 2021, driven by commercial aerospace recovery and solid defense business performance. Net income increased to $8.1 million, or $0.66 per diluted share. The company's backlog reached a record $943 million, led by growth in commercial aerospace orders. Additionally, a restructuring plan was announced to accelerate strategic goals, anticipating $10 million to $14 million in pre-tax restructuring charges over the next 12 months.
- Net revenue was $163.5 million, a 4% increase year-over-year.
- Net income reached $8.1 million, or $0.66 per diluted share.
- Adjusted EBITDA was $20.1 million, representing 12.3% of revenue.
- Backlog hit a record high of $943 million, driven by commercial aerospace growth.
Headline financials
Revenue & EPS history
Ducommun · Revenue · Quarterly
$163M
Revenue by segment
Ducommun · $163M total across 2 segments · Q1 2022
- Electronic Systems$97.5M-1.7%59.6%
- Structural Systems$66M+13.7%40.4%
Forward guidance
Ducommun is implementing a restructuring plan to accelerate strategic goals and enhance shareholder value. This plan is expected to result in cost savings and improved performance in the coming years.
Tailwinds
- Anticipated cost savings of $3 million to $4 million annually beginning in 2023.
- Improved positioning for stronger performance.
- Acceleration of growth.
- Focus on enhancing shareholder value.
- Continuing recovery in commercial aerospace.
Headwinds
- Expected pre-tax restructuring charges of $10 million to $14 million over the next 12 months.
- Approximately $4 million in outlays for employee separation and facility consolidation.
- $6 million to $10 million in non-cash charges for inventory write-down and asset impairment.
- Potential risks and uncertainties related to the restructuring plan.
- Dependence on commercial aerospace recovery and defense business performance.
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 2022
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro