Ducommun’s shares gained 3.1% as commercial aerospace rebounded sharply with 18% revenue growth and defense bookings remain robust, underpinning visibility and positioning for future growth.
- Q1 revenue hit a record $209 million, up 9% year-over-year, marking the 20th consecutive quarter of revenue growth.
- Commercial aerospace drove the quarter’s improvement with 18% sales growth, supported by higher OEM production rates and less destocking than expected.
- Defense backlog remains strong at nearly $1.1 billion RPO, up $86 million from last year, with a book-to-bill ratio of 1.2 over 12 months.
- Closed $175 million in bookings for Q1 and $925 million over the past 12 months, with additional potential upside from missile program framework agreements currently under negotiation.
- Gross and adjusted EBITDA margins are tracking well against Vision 2027 goals, indicating operational discipline amid growth.
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