)
Overview
<ul>
<li>U.S. aerospace and defense firm’s Q4 revenue rose 9.4% yr/yr but missed analyst expectations</li>
<li>Adjusted net income for Q4 increased 43% yr/yr</li>
<li>Company achieved record gross margins and adjusted EBITDA margins</li>
</ul>
Outlook
<ul>
<li>Ducommun expects missile franchise strength in 2026 due to long-term agreements</li>
<li>Company anticipates easing destocking headwinds in commercial aerospace by late 2026</li>
<li>Tariffs not expected to impact Ducommun’s financial outlook materially</li>
</ul>
Result Drivers
<ul>
<li>MILITARY AND SPACE GROWTH - Revenue increase driven by higher rates on missile platforms, fixed-wing, and rotary-wing aircraft</li>
<li>PRODUCT MIX - Favorable product mix contributed to record gross margin of 27.7% and adjusted EBITDA margin of 17.5%</li>
<li>STRONG BOOKINGS - Record remaining performance obligations of $1.1 bln with a book-to-bill ratio of 1.3x, driven by missile component orders Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Miss $215.80 $221.005
Revenue mln mln (5
Analysts
)
<h3>Q4 $16.20</h3>
Adjusted mln
Net
Income
Q4 Net $7.40
Income mln
<h3>Q4 $37.90</h3>
Adjusted mln
<h3>EBITDA</h3>
<h3>Q4 $24.60</h3>
Adjusted mln
Operatin
g Income
Q4 $14 mln
Operatin
g Income
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 5 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the aerospace &amp; defense peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for Ducommun Inc is $127.00, about 0.2% above its February 25 closing price of $126.77</li>
<li>The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 22 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

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Ducommun Q4 revenue misses estimates; expects no impact on financial outlook from tariffs