NYSE$DCO

Ducommun Incorporated · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Ducommun's Q3 2024 earnings were reported, featuring record quarterly revenue and strong gross margin growth.

Ducommun Incorporated reported a 2.6% increase in net revenue to $201.4 million for Q3 2024, marking a record quarterly revenue. Net income increased by 216% year-over-year to $10.1 million, and the company achieved a record gross margin of 26.2%.

  • Net revenue increased by 2.6% year-over-year, reaching $201.4 million.
  • Net income increased by 216% year-over-year to $10.1 million, or $0.67 per diluted share.
  • Gross margin grew by 350 bps year-over-year to 26.2%.
  • Adjusted EBITDA increased by 9% year-over-year to $31.9 million, or 15.8% of revenue.

Headline financials

Total Revenue

$201M

Previous: $196M+2.6%
EPS

$0.67

Previous: $0.70-4.3%
Gross Margin

26.2%

No prior period
Adjusted EBITDA

$31.9M

Previous: $29.3M+8.8%
Capital Expenditures

-$10.3M

Previous: -$16M+35.9%
Free Cash Flow

-$132K

Previous: -$12.8M+99.0%
Net Income

$10.1M

Previous: $3.21M+215.8%
Operating Income

$15.3M

Previous: $8.61M+77.3%
Gross Profit

$52.7M

Previous: $44.6M+18.1%
Cash & Equivalents

$37.3M

Previous: $27.2M+37.0%
Total Assets

$1.13B

Previous: $1.14B-1.1%
Stock-Based Comp

$4.47M

Previous: $5.65M-21.0%

Revenue & EPS history

Ducommun · Revenue · Quarterly

$201M

Q3 2024+2.6%vs Q3 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Ducommun · $196M total across 2 segments · Q3 2023

  • Electronic Systems
    $111M-2.4%
  • Structural Systems
    $85.5M+16.9%

Forward guidance

Ducommun is on track to deliver its long-term goals despite headwinds from aircraft OEMs, including the labor strike at Boeing.

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 2024

Historical avgQ3 2024

+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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