NYSE$DCO

Ducommun Incorporated · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Ducommun reported strong Q4 2019 results, marking a significant year-end with revenue reaching its highest since 2014 and gross margins the highest since 2003.

Ducommun Incorporated reported a strong fourth quarter with a 14% increase in revenue year-over-year, reaching $186.9 million. GAAP net income was $8.9 million, or $0.75 per diluted share, compared to $0.7 million, or $0.06 per diluted share, for the fourth quarter of 2018. The company's backlog reached an all-time high of $910 million, driven by strong orders in the defense business.

  • Revenue increased by 14% year-over-year to $186.9 million.
  • GAAP net income was $8.9 million, or $0.75 per diluted share.
  • Adjusted EBITDA increased by 29.6% year-over-year to $25.2 million.
  • Backlog reached an all-time high of $910 million.

Headline financials

Total Revenue

$187M

Previous: $164M+13.9%
EPS (adj)

$0.80

Previous: $0.44+81.8%
Gross Margin

21.5%

Previous: 19.9%+8.0%
Adjusted EBITDA Margin

13.5%

Previous: 11.8%+14.4%
Book-to-Bill Ratio

1.4

No prior period
Capital Expenditures

$3.59M

Previous: $4.82M-25.5%
Free Cash Flow

$27.4M

Previous: $8.01M+241.5%
Net Income

$8.87M

Previous: $673K+1218.1%
Operating Income

$15.2M

Previous: $6.28M+141.7%
Gross Profit

$40.1M

Previous: $32.7M+22.7%
Cash & Equivalents

$39.6M

Previous: $10.3M+285.7%
Total Assets

$790M

Previous: $645M+22.6%
Stock-Based Comp

$1.84M

Previous: $1.63M+13.1%

Revenue & EPS history

Ducommun · Revenue · Quarterly

$187M

Q4 2019+13.9%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Ducommun · $187M total across 2 segments · Q4 2019

  • Electronic Systems
    $96.3M
  • Structural Systems
    $90.6M

Forward guidance

The Company is off to a strong start in many areas and looks forward to continued high performance as it drives for excellence and industry leading customer satisfaction across the Company.

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 Q4 2019

Historical avgQ4 2019

+1.5%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+2.8%

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%
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 2010-4.3%
Q2 2011-4.3%
Q4 2010-4.3%
Q1 2010-2.4%

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