Quarterly ResultMay 12, 2026, 06:02 AM
Ducommun Q1 Revenue +9% to $209M; Net Income +607% to $9.9M
AI Summary
Ducommun Incorporated reported strong first-quarter 2026 results, with net revenue increasing 9% to $209.0 million and net income surging 607% to $9.9 million. The company achieved record revenue, driven by significant growth in commercial aerospace (up 18%) and continued gains in its defense business. Adjusted EBITDA also saw a healthy 19% increase to $35.4 million, with margins expanding to 16.9%, putting the company on track for its VISION 2027 financial goals.
Key Highlights
- Net Revenue was $209.0 million, an increase of 9% over Q1 2025.
- Net income was $9.9 million, a 607% increase year-over-year, or $0.64 per diluted share.
- Adjusted EBITDA was $35.4 million, up 19% year-over-year, representing 16.9% of revenue.
- Gross margin expanded by 70 bps year-over-year to 26.9%.
- Commercial aerospace business grew 18% year-over-year.
- Electronic Systems segment net revenue increased 7.8% to $117.6 million.
- Structural Systems segment net revenue increased 9.6% to $91.4 million.
- Net cash provided by operations was $11.2 million, up from $0.8 million in Q1 2025.