Aerospace company Ducommun Inc. says it sees growth in its missile business and may be looking to a role in President Donald Trump’s Golden Dome proposed military defense project.
“Our missile business is up 21% in the third quarter and is now up 27% year to date in 2025,” company CEO Stephen Oswald told financial analysts after the company released third-quarter earnings on Nov. 6.
Ducommun’s record-high revenue for the period was $212.6 million, above the $211.9 million predicted by stock analysts and 6% higher than in the same period a year earlier.
Oswald said the company also has a “strong radar franchise, which is up and coming at Ducommun.”
“This combination of both missile and radar platforms positions and aligns us with key defense priorities outlined in the U.S. defense budget, including the Golden Dome, as well as NATO priorities,” according to Oswald. He said Ducommun is “very well positioned” regarding Golden Dome, which Congress has not fully funded. (For further information on the Golden Dome, see the Nov. 3 edition of the Business Journal.)
Oswald added that the outlook is promising for commercial aerospace as well.
Ducommun (NYSE: DCO) also posted a $64.4 million net loss due to litigation settlement and related costs.
The company’s shares were trading at $93.76 apiece, up 4.7%, for a market cap of $1.4 billion on Nov. 10.
Earnings Roundup
Ducommun was one of several Orange County publicly traded tech companies that released earnings since Oct. 29. Here is a look at their results.
TTM Technologies Inc. (Oct. 29)
The Santa Ana-based maker of printed circuit boards and modules reported third-quarter net sales of $752.7 million, up 22% year on year, and adjusted earnings per diluted share of 67 cents, up from 41 cents last year.
Ingram Micro (Oct. 30)
Ingram Micro Holding Corp., the electronics and technology distribution giant in Irvine, said that third-quarter sales rose 7.2% to $12.6 billion, with diluted earnings per share of 42 cents.
Skyworks (Nov. 4)
Chipmaker Skyworks Solutions Inc. (Nasdaq: SWKS) said fourth-quarter revenue was $1.1 billion, topping analysts’ estimates, while adjusted diluted earnings per share were $1.76, also above expectations.
Clean Energy Fuels (Nov. 4)
Clean Energy Fuels Corp. (Nasdaq: CLNE) in Newport Beach reported third-quarter revenue of $106.1 million, above analysts’ estimates of $101 million.
Lantronix (Nov. 5)
Computer networking products maker Lantronix Inc. reported quarterly earnings that topped analysts’ estimates, including adjusted earnings per share of 4 cents. Revenue dropped 13% to $29.8 million.
Veritone (Nov. 6)
AI company Veritone (Nasdaq: VERI) said its third-quarter net loss widened to $26.9 million from a $21.7 million net loss in the same period a year earlier while its revenue jumped 32% to $29.1 million.
Indie Semiconductor (Nov. 6)
Automobile-focused Indie Semiconductor reported flat third-quarter revenue of $53.7 million, while the adjusted net loss per share was 7 cents.
