NYSE$DCO

Ducommun Incorporated · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported revenue increase driven by commercial aerospace and defense, with backlog reaching its highest level since the pandemic's start.

Ducommun Incorporated reported an increase in revenue by 9% year-over-year, driven by strong performance in the defense sector and growing demand in commercial aerospace. The company's backlog reached $836 million, the highest since the beginning of the COVID-19 pandemic. Net income and adjusted EBITDA also showed positive results.

  • Revenue increased to $163.2 million, up 9% year-over-year.
  • Commercial aerospace sales climbed more than 50% due to increased build rates from Boeing and Airbus.
  • Backlog increased to $836 million, the highest level since the COVID-19 pandemic began.
  • Adjusted EBITDA was $23.9 million, and adjusted EPS was $0.83 per diluted share.

Headline financials

Total Revenue

$163M

Previous: $150M+8.5%
EPS (adj)

$0.83

Previous: $0.69+20.3%
Adjusted EBITDA

$23.9M

No prior period
Backlog

$836M

No prior period
Capital Expenditures

-$10.8M

Previous: -$8.24M-31.1%
Free Cash Flow

-$1.21M

Previous: -$1.73M+30.0%
Net Income

$9.58M

Previous: $6.5M+47.4%
Operating Income

$13.4M

Previous: $10.3M+30.2%
Gross Profit

$35.3M

Previous: $33.5M+5.5%
Cash & Equivalents

$8.97M

Previous: $74.6M-88.0%
Total Assets

$838M

Previous: $853M-1.8%
Stock-Based Comp

$2.41M

Previous: $2.08M+15.9%

Revenue & EPS history

Ducommun · Revenue · Quarterly

$163M

Q3 2021+8.5%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Ducommun · $163M total across 2 segments · Q3 2021

  • Electronic Systems
    $105M+1.2%
  • Structural Systems
    $58.5M+24.7%

Forward guidance

The company did not provide specific forward guidance in this report. The report mentions the company is assessing opportunities to increase asset utilization and streamline operations.

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 Q3 2021

Historical avgQ3 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

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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