Ducommun Earnings: Here’s Why Investors Don’t Like These Results
Ducommun Inc. (NYSE:DCO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.21%.
Ducommun Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 1.92% to $0.51 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 3.68% to $191.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ducommun Inc. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.4. It beat the average revenue estimate of $181.59 million.
Quoting Management: “Ducommun posted strong results this quarter reflecting both top line growth and solid margins,” said Anthony J. Reardon, chairman, president and chief executive officer. “Revenue benefited from robust commercial aerospace demand and increased shipments within our defense technologies operations, underscoring the breadth of our integrated solutions and unique applications. We also paid down an additional $7.5 million of debt, as the Company made further strides de-leveraging by improving working capital and driving cash flow.”
Key Stats (on next page)…