NYSE$DCO

Ducommun Incorporated · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported record backlog and strong free cash flow, and completed debt refinancing.

Ducommun Incorporated reported a solid quarter with increased revenue driven by commercial aerospace demand and steady performance in the defense business. Revenue exceeded $170 million for the first time since the COVID-19 pandemic, with a significant increase in commercial aircraft platform sales. The company also achieved a record backlog and completed debt refinancing.

  • Net revenue was $174.2 million, up 9% year-over-year.
  • Net income was $4.1 million, or $0.34 per diluted share.
  • Adjusted EBITDA was $24.1 million, representing 13.8% of revenue.
  • Free cash flow was $20.7 million, the strongest performance since the onset of the COVID-19 pandemic.

Headline financials

Total Revenue

$174M

Previous: $160M+8.7%
EPS (adj)

$0.76

Previous: $0.74+2.7%
Backlog

$976M

No prior period
Capital Expenditures

-$9.07M

Previous: -$7.37M-23.1%
Free Cash Flow

-$4.92M

Previous: $1.06M-566.0%
Net Income

$4.15M

Previous: $8.42M-50.8%
Operating Income

$7.75M

Previous: $13.1M-40.8%
Gross Profit

$34.6M

Previous: $36.8M-5.8%
Cash & Equivalents

$37.5M

Previous: $12M+212.6%
Total Assets

$979M

Previous: $829M+18.1%
Stock-Based Comp

$3.6M

Previous: $2.61M+38.0%

Revenue & EPS history

Ducommun · Revenue · Quarterly

$174M

Q2 2022+8.7%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Ducommun · $174M total across 2 segments · Q2 2022

  • Electronic Systems
    $110M+6.7%
  • Structural Systems
    $64.5M+12.3%

Forward guidance

No forward guidance provided in this report.

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 Q2 2022

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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