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Research – Ducommun (DCO) – First quarter 2019 review

Aerospace and Defense
0 min read

Tuesday, May 7, 2019

Ducommun Incorporated (DCO)

Commercial Aerospace Still a Positive…For Now.

Ducommun Inc is a leading global provider of engineering & manufacturing services for high-performance products & high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical & other industries. 

 

Christian Herbosa, Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Commercial Aerospace Drives Top
    Line Beat. 
    First quarter revenue was 14.7% higher than last year at $172.6
     million, meaningfully beating our expectations of $160 million. Commercial aerospace applications, namely the Boeing 737 platform, drove the year-over-year revenue increase contributing an additional $15.7 million more than in Q1 2018.
  • Margin Enhancement Across the
    Board. 
    Gross, adjusted EBITDA, and operating profit margins of 20.7%, 12.6%, and 3.5% were all a meaningful improvement over last year’s first quarter margins of 17.8%, 9.6%, and 3.5%, respectively. This enhanced profitability can largely be attribut… 


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*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

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