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Ducommun Beats on Income

Revenue ,misses estimates

Santa Ana-based Ducommun Inc (NYSE: DCO) reported adjusted fourth-quarter earnings per share of 70 cents, beating analysts’ estimates by 8 cents, while revenue of $192.2 million for the period was below consensus expectations.

The quarterly revenue was 2% above the amount in the same period a year ago, the aerospace, defense and industrial component maker said in a statement today.

Full-year 2023 revenue was $757 million, an all-time company high and a 6.3% increase over the same period in 2022.

Shares shares in Ducommun closed up 1.6% at $51.60 apiece for a market cap of $753 million.

 

For further details, see the February 26 edition of the Business Journal.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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