--- title: "Ducommun | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 209.02 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286078332.md" datetime: "2026-05-12T10:20:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286078332.md) - [en](https://longbridge.com/en/news/286078332.md) - [zh-HK](https://longbridge.com/zh-HK/news/286078332.md) --- # Ducommun | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 209.02 M Revenue: As of FY2026 Q1, the actual value is USD 209.02 M, beating the estimate of USD 199.82 M. EPS: As of FY2026 Q1, the actual value is USD 0.64. EBIT: As of FY2026 Q1, the actual value is USD 19.73 M. #### Consolidated Operational Metrics (Three Months Ended April 4, 2026 vs. March 29, 2025) - **Gross Profit**: Increased to $56.2 million (26.9% of net revenues) from $50.5 million (26.2% of net revenues), driven by lower other manufacturing costs, favorable product mix, and higher manufacturing volume. - **Operating Income**: Significantly increased to $15.7 million (7.5% of net revenues) from $5.0 million (2.6% of net revenues). - **Net Income**: Grew to $9.9 million (4.7% of net revenues) from $1.4 million (0.7% of net revenues). - **Selling, General and Administrative (SG&A) Expenses**: Decreased by $4.5 million year-over-year to $40.5 million (19.4% of net revenues) from $45.1 million (23.5% of net revenues), primarily due to lower stock-based compensation expense. - **Restructuring Charges**: Decreased to $0 million from $0.4 million, following the completion of the 2022 restructuring plan as of December 31, 2025. - **Interest Expense**: Increased to - $4.0 million from - $3.3 million, mainly due to a higher outstanding debt balance, partially offset by lower interest rates. - **Income Tax Expense**: Increased to $1.8 million from $0.3 million, largely due to higher pre-tax income. - **Adjusted EBITDA**: Increased to $35.4 million from $29.7 million, representing 16.9% and 15.4% of net revenues, respectively. #### Segmented Revenue Performance (Three Months Ended April 4, 2026 vs. March 29, 2025) - **Electronic Systems Segment**: Net revenues increased by $8.5 million (7.8%) to $117.6 million from $109.1 million. - Military and space revenues increased by $5.3 million to $89.4 million. - Commercial aerospace revenues increased by $4.6 million to $20.7 million. - Industrial revenues decreased by $1.4 million to $7.5 million. - **Structural Systems Segment**: Net revenues increased by $8.0 million (9.6%) to $91.4 million from $83.4 million. - Commercial aerospace revenues increased by $7.9 million to $63.2 million. - Military and space revenues increased by $0.1 million to $28.2 million. #### Segmented Operating Income (Three Months Ended April 4, 2026 vs. March 29, 2025) - **Electronic Systems Segment Operating Income**: Increased by $5.5 million to $22.9 million (19.5% of net revenues) from $17.5 million (16.0% of net revenues), driven by favorable product mix, higher manufacturing volume, and lower other manufacturing costs. - **Structural Systems Segment Operating Income**: Increased by $0.5 million to $10.4 million (11.4% of net revenues) from $9.9 million (11.9% of net revenues), due to lower other manufacturing costs, partially offset by unfavorable product mix. - **Corporate General and Administrative Expenses**: Decreased by $4.8 million to - $17.6 million from - $22.4 million, primarily due to lower stock-based compensation expense. #### Cash Flow (Three Months Ended April 4, 2026 vs. March 29, 2025) - **Net Cash Provided by Operating Activities**: Increased significantly to $11.2 million from $0.8 million, mainly due to higher net income and higher contract liabilities. - **Net Cash Used in Investing Activities**: Decreased to - $2.9 million from - $4.8 million, primarily due to lower purchases of property and equipment. - **Net Cash Used in Financing Activities**: Increased to - $14.5 million from - $2.4 million, mainly due to higher net cash paid upon issuance of common stock under stock plans and higher stock options exercised. - **Cash and Cash Equivalents at End of Period**: Decreased to $39.1 million from $45.3 million at the beginning of the period. #### Other Key Metrics - **Remaining Performance Obligations (RPO)**: Totaled $1,073.7 million as of April 4, 2026, with an estimated 70% expected to be recognized as revenue within the next 12 months. - Electronic Systems RPO: $565.9 million. - Structural Systems RPO: $507.9 million. - **Long-Term Debt**: Total debt was $303.8 million as of April 4, 2026, with a weighted-average interest rate of 5.74%. - **Contract Assets**: Decreased to $249.2 million as of April 4, 2026, from $249.8 million as of December 31, 2025, primarily due to a net decrease of products in work in process. - **Contract Liabilities**: Increased to $52.5 million as of April 4, 2026, from $40.7 million as of December 31, 2025, mainly due to a net increase of advance or progress payments received from customers. #### Future Outlook and Strategy Ducommun (杜科蒙) anticipates capital expenditures of $20.0 million to $24.0 million in 2026 to support new contract awards and invest in tooling for newer programs. The company plans to pursue prudent acquisitions and capital expenditures to bolster long-term contracts for commercial and military aircraft and defense programs. Ducommun (杜科蒙) expects that operational cash flow and available credit facilities will ensure sufficient short-term liquidity for the upcoming twelve months. ### Related Stocks - [DCO.US](https://longbridge.com/en/quote/DCO.US.md) ## Related News & Research - [Ducommun (DCO) Reports Earnings Tomorrow: What To Expect](https://longbridge.com/en/news/285873946.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [Vulnerability Exploitation Top Breach Entry Point, 2026 Industry-Wide DBIR Finds | VZ Stock News](https://longbridge.com/en/news/286918426.md) - [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md)