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Ducommun Incorporated

Ducommun Incorporated provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies. This segment also supplies engineered products, including illuminated pushbutton switches and panels for aviation and test systems; microwave and millimeter switches and filters for radio frequency systems and test instrumentation; and motors and resolvers for motion control, as well as provides engineering services for aerospace system design, development, integration, and testing service. The Structural Systems segment designs, engineers, and manufactures complex contoured aerostructure components assemblies and supplies, including composite and metal bonded structures, precision profile extrusions, extruded assemblies, ammunition handling systems, seals, and aerodynamic systems; designs, engineers, and manufactures contoured aluminum, titanium, and Inconel aero structure components; structural assembly products, such as winglets, engine components, fuselage structural panels; aircraft wing spoilers, fuselage skins, rotor blades, flight control surfaces, engine nacelle components, feed and eject chutes, storage magazines, custom gun mounts. It serves commercial aircraft, military fixed-wing aircraft, military and commercial rotary-wing aircraft, and space programs. The company was founded in 1849 and is headquartered in Costa Mesa, California.

Price · split & dividend adjusted
News & notes moving DCO
Defense & Geopolitical Fragmentation

Ducommun Shares Double in 2026 on Record Q2 Results

Ducommun Incorporated shares have surged 104% year-to-date as of August 7, driven by a ramp-up in commercial aerospace and defense programs. The company reported record second-quarter net revenue of $224.5 million, up 12% year-over-year, with gross margin expanding 160 basis points to a record 28%. Adjusted EBITDA grew 21% to 17.1% of revenue, and non-GAAP adjusted net income rose 35% to $18.4 million, with diluted earnings per share of $1.18 beating estimates of $0.98. Remaining Performance Obligations reached an all-time high of $1.2 billion, and bookings of $309.7 million produced a book-to-bill of 1.4x. Management expects destocking headwinds in the back half of the fiscal year, and the stock's forward price-earnings ratio of 48.44 is well above the sector median of 21.19.
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Aerospace & Aviationimpact 4

Boeing, HEICO, and Ducommun Stocks Fall After Trump Threatens Iran Strikes

Boeing, HEICO, and Ducommun shares declined in afternoon trading after President Trump declared the Iran ceasefire over and threatened fresh strikes, pressuring the commercial-aviation supply chain as oil prices surged. Boeing fell 3.1%, HEICO dropped 3.4%, and Ducommun lost 3.3%. The sell-off was driven by a spike in crude oil, with WTI rising 7.1% to $75.41, which raises jet fuel costs and threatens airline profitability, potentially leading to deferred aircraft deliveries and reduced capital spending. A broader market decline, with the Dow off more than 1% and yields climbing, added pressure to the capital-intensive aerospace sector.
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DCO

Aerospace and Defense Stocks Post Strong Q1, Axon and Rocket Lab Lead

Aerospace and defense stocks delivered a very strong first quarter, with aggregate revenues beating analyst consensus estimates by 2.8% and next-quarter revenue guidance coming in 3.6% above expectations. Axon reported revenues of $807.3 million, up 33.7% year on year and exceeding estimates by 3.7%, while Rocket Lab posted revenues of $200.3 million, a 63.5% increase that beat expectations by 4.9% and delivered the highest guidance raise among its peers. AerSale was the weakest performer, with revenues of $70.61 million falling short of estimates by 18.9%. Ducommun and Howmet also reported beats, with revenues of $209 million and $2.31 billion respectively. Share prices across the group have held steady, rising 3.5% on average since the latest earnings results.
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DCO

Snap identified as unprofitable stock with potential, while Ducommun and Strategy face challenges

StockStory highlights Snap as an unprofitable company with the potential to become an industry leader, while recommending caution on Ducommun and Strategy. Snap, trading at $4.41 per share, has a trailing 12-month GAAP operating margin of negative 6.8% but a healthy EBITDA margin of 11.9%, and its free cash flow margin increased by 8.8 percentage points over the last few years. Ducommun, at $177.22 per share, saw its backlog drop 16% on average over the past two years and its operating margin fall by 11.2 percentage points over five years. Strategy, at $82.82 per share, has a trailing 12-month GAAP operating margin of negative 2,853%, with its core analytics software eclipsed by its Bitcoin strategy and debt-financed Bitcoin purchases tying shareholder fortunes to crypto swings.
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Defense & Geopolitical Fragmentation

Ducommun Q1 2026 net revenue rises 9% to $209 million

Ducommun Incorporated reported first-quarter 2026 net revenue of $209 million, a 9% increase from the prior year. Gross margin expanded 70 basis points to 26.9%, and adjusted net income reached $0.75 per share, up from $0.23 in the first quarter of 2025. Truist raised its price target on the stock to $150 from $136 with a Buy rating after the earnings beat, while Citigroup lifted its target to $167 from $141, also reiterating a Buy rating. The company, which provides manufacturing solutions for aerospace, defense, and industrial markets, has seen its shares surge over 70% this year.
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