NYSE$DCO

Ducommun Incorporated · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong revenue growth, driven by commercial aerospace strength and solid gross margins.

Ducommun Incorporated reported strong third-quarter results, with revenue exceeding $180 million for the first time since before the pandemic, reaching $186.6 million, a 14% increase over Q3 2021. The company saw significant growth in Commercial Aerospace, with revenue up 66% year-over-year, and gross margins surpassed 20.0%, reaching 20.7%. Adjusted EBITDA also showed a strong increase year-over-year, reaching $26.0 million.

  • Net revenue was $186.6 million.
  • Net income was $8.5 million, or $0.69 per diluted share.
  • Adjusted net income was $11.9 million, or $0.96 per diluted share.
  • Adjusted EBITDA was $26.0 million, or 13.9% of revenue.

Headline financials

Total Revenue

$187M

Previous: $163M+14.3%
EPS (adj)

$0.96

Previous: $0.83+15.7%
Adjusted EBITDA Margin

13.9%

No prior period
Capital Expenditures

-$14.4M

Previous: -$10.8M-33.0%
Free Cash Flow

-$5.9M

Previous: -$1.21M-386.2%
Net Income

$8.46M

Previous: $9.58M-11.7%
Operating Income

$13.2M

Previous: $13.4M-1.1%
Gross Profit

$38.6M

Previous: $35.3M+9.3%
Cash & Equivalents

$21.2M

Previous: $8.97M+136.8%
Total Assets

$990M

Previous: $838M+18.1%
Stock-Based Comp

$2.71M

Previous: $2.41M+12.8%

Revenue & EPS history

Ducommun · Revenue · Quarterly

$187M

Q3 2022+14.3%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Ducommun · $187M total across 2 segments · Q3 2022

  • Electronic Systems
    $113M+8.3%
  • Structural Systems
    $73.2M+25.1%

Forward guidance

No specific forward guidance was provided in the earnings 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 Q3 2022

Historical avgQ3 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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