Associated tags: Ducommun, Electronic Systems, Incorporated, DCO, NYSE, Webcast, Q&A
Locations: NEW YORK CITY, NEW YORK, CALIFORNIA, LOS ANGELES, BERRYVILLE, ARKANSAS, CARSON, CA, US, UNITED STATES
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Video game SANTA ANA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended March 30, 2024.
Key Points:
- SANTA ANA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended March 30, 2024.
- Interest expense for the first quarter of 2024 was $3.9 million compared to $4.2 million in the comparable period of 2023.
- Electronic Systems segment net revenue for the quarter ended March 30, 2024 was $107.5 million, compared to $105.6 million for the first quarter of 2023.
- Structural Systems segment net revenue for the quarter ended March 30, 2024 was $83.3 million, compared to $75.6 million for the first quarter of 2023.
SANTA ANA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, today announced that it has been recognized as part of an elite group of top performing suppliers by Lockheed Martin Aeronautics (NYSE:LMT) for 2023 as a recipient of the Elite Supplier Award.
Key Points:
- SANTA ANA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, today announced that it has been recognized as part of an elite group of top performing suppliers by Lockheed Martin Aeronautics (NYSE:LMT) for 2023 as a recipient of the Elite Supplier Award.
- “We are thrilled and honored to be selected for the Elite Supplier Award by Lockheed Martin as we work together to keep our nation and allies safe.
- To be recognized as an Elite Supplier Award recipient is an outstanding achievement by Ducommun and a fitting testament to the hard work, dedication, and commitment of a highly professional team.
- Ducommun has been supplying F-35 harnesses to a global customer base for many years, supporting a broad range of major commercial and military aerospace programs.
Retrieved on:
Wednesday, April 17, 2024
SANTA ANA, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it plans to release the Company's 2024 first quarter financial results on May 8, 2024, prior to the stock market opening.
Key Points:
- SANTA ANA, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it plans to release the Company's 2024 first quarter financial results on May 8, 2024, prior to the stock market opening.
- To access the conference call, please pre-register using this registration link .
- Mr. Oswald and Mr. Mookerji will speak on behalf of the Company and anticipate the meeting and Q&A period to last approximately 45 minutes.
- A replay of the webcast will be available on the Ducommun website at www.ducommun.com .
SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today responded to an unsolicited, non-binding indication of interest dated April 1, 2024 from Albion River LLC (“Albion River”), a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash. The Board of Directors has unanimously determined it is not in the best interests of the Company and Ducommun shareholders to pursue further discussions regarding the proposal.
Key Points:
- SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today responded to an unsolicited, non-binding indication of interest dated April 1, 2024 from Albion River LLC (“Albion River”), a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash.
- The Board of Directors has unanimously determined it is not in the best interests of the Company and Ducommun shareholders to pursue further discussions regarding the proposal.
- Our Board of Directors and management will continue to listen to all Ducommun shareholders and act in their collective best interests.
- RBC Capital Markets, LLC is acting as a financial advisor to Ducommun, and Simpson Thacher & Bartlett LLP is acting as legal counsel.
SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, is proud to announce two major awards totaling over $50M in revenue for the Raytheon SPY-6 family of radar systems.
Key Points:
- SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, is proud to announce two major awards totaling over $50M in revenue for the Raytheon SPY-6 family of radar systems.
- All cards will be produced at Ducommun’s world-class engineering and manufacturing performance center for circuit cards assemblies in Tulsa, Oklahoma.
- “We are thrilled to have earned the trust of Raytheon on this most critical Navy radar system as we continue to build out this part of our defense business by supporting off-loading from our strategic defense customers.
- Ducommun currently provides Raytheon with electronics, circuit card assemblies, harness cable assemblies, and structural products on both legacy and emerging programs.
Today, Albion River LLC issued the following statement:
Key Points:
- Today, Albion River LLC issued the following statement:
“Albion River LLC’s affiliate Ignium LP (“Albion”) continues to acquire shares in Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) and now owns over 9.2% of the Company’s outstanding shares.1 Albion owns more shares in Ducommun than all of management and the Board of Directors combined.
- Albion would like to thank the numerous key stakeholders who have reached out to express their support in our efforts to acquire Ducommun.
- Albion encourages management to disclose other offers it may have received that the Board of Directors and public may not be aware of.
- Albion continues to believe that public markets are not an appropriate setting for Ducommun to execute its strategy and maximize shareholder value.
The Company’s shareholders do not need to take any action at this time and the Board has made no decision with respect to the Company’s response to the indication of interest.
Key Points:
- The Company’s shareholders do not need to take any action at this time and the Board has made no decision with respect to the Company’s response to the indication of interest.
- Ducommun has a rich 175-year history and is the oldest continuously operating company in California.
- In 2023, the Company’s shareholders benefitted from a year-over-year increase in market capitalization from $605M in 2022 to $760M.
- RBC Capital Markets, LLC is acting as a financial advisor to Ducommun, and Simpson Thacher & Bartlett LLP is acting as legal counsel.
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DCO “It is an honor to be named to Newsweek’s list of Most Responsible Companies 2024,” said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated.
Key Points:
- “It is an honor to be named to Newsweek’s list of Most Responsible Companies 2024,” said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated.
- The full Newsweek list of Most Responsible Companies 2024 was featured in the magazine’s December 15, 2023 print edition.
- The ranking of America's Most Responsible Companies 2024 focuses on a holistic view of corporate responsibility that considers all three pillars of CSR: environmental, social and corporate governance.
- In total, 600 companies were identified as America's Most Responsible Companies.
Retrieved on:
Tuesday, February 20, 2024
SANTA ANA, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) announced today that Stephen G. Oswald, the Company’s chairman, president and chief executive officer will participate in the upcoming Citi Global Industrial Tech and Mobility Conference on February 21, 2024.
Key Points:
- SANTA ANA, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) announced today that Stephen G. Oswald, the Company’s chairman, president and chief executive officer will participate in the upcoming Citi Global Industrial Tech and Mobility Conference on February 21, 2024.
- A fireside chat will be held at 11:20 a.m. Eastern.
- Additional information will be posted on the Company’s website at www.ducommun.com when available.
- A replay of the webcast will be available on the Ducommun website at www.ducommun.com .
Retrieved on:
Thursday, February 15, 2024
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Video game SANTA ANA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its fourth quarter and year ended December 31, 2023.
Key Points:
- New All Time Highs for Revenue and Adjusted EBITDA in 2023 of $757 Million and $102 Million, Respectively
SANTA ANA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its fourth quarter and year ended December 31, 2023.
- The Company had a record year in 2023 and 2024 is shaping up to be another strong year as Ducommun also celebrates its 175th continuous year in business since being founded in 1849.”
Net revenue for the fourth quarter of 2023 was $192.2 million, compared to $188.3 million for the fourth quarter of 2022.
- Net income for the fourth quarter of 2023 was $5.1 million, or $0.34 per diluted share, compared to $8.1 million, or $0.65 per diluted share, for the fourth quarter of 2022.
- During the fourth quarter of 2023, the net cash provided by operations was $26.5 million compared to $32.1 million during the fourth quarter of 2022.
