Santa Ana-based Ducommun Inc. (NYSE: DCO), which makes highly complex products for customers in the aerospace, defense and industrial markets, said second-quarter revenue rose 9% over the same period last year, beating analyst estimates.
The company said revenue for the three-month period ended July 3 was $160.2 million ahead of analyst estimates of $158.6 million. The net income of $8.4 million showed a 65% increase.
“Revenue increased 9% year-over-year due to military demand, leading to our first quarterly top-line growth since the pandemic began in March 2020,” said Stephen Oswald, chairman, president and chief executive officer.
Ducommun closed down 0.7% at $55.39 per share for a market cap of $656.3 million. The shares rose 2.2% in after-hours trading to $56.60 apiece.