<span item_type="fundamental" item_id="9781029ed6c2afb2d3fff1c1ef462a1b" counter_id="ST/US/DCO" env="prod"></span><span item_type="announcement" item_id="647499028892687361" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 209.02 M, beating the estimate of USD 199.82 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.64.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 19.73 M.</p><p></p><h4>Net Revenue</h4><p>Ducommun Incorporated (杜科蒙) reported net revenue of $209.0 million for the first quarter of 2026, marking a 9% increase over $192.5 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. The Electronic Systems segment’s net revenue was $117.6 million in Q1 2026, up from $109.1 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. The Structural Systems segment’s net revenue increased to $91.4 million in Q1 2026 from $83.4 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. This overall increase was primarily driven by higher revenue in commercial aerospace ($12.5 million) and military and space ($5.4 million) end-use markets, partially offset by a $1.4 million decrease in industrial end-use markets due to timing of orders <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Gross Margin and Gross Profit</h4><p>Gross margin for Ducommun Incorporated (杜科蒙) increased by 70 basis points year-over-year to 26.9% in Q1 2026, up from 26.2% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. Gross profit for Q1 2026 was $56.2 million, compared to $50.5 million for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. This improvement was mainly attributed to lower other manufacturing costs, a favorable product mix, and higher manufacturing volume <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Net Income</h4><p>Net income for Ducommun Incorporated (杜科蒙) in Q1 2026 was $9.9 million, representing a 607% increase from $1.4 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. As a percentage of revenue, net income grew to 4.7% in Q1 2026 from 0.7% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. Non-GAAP adjusted net income was $11.7 million in Q1 2026, up from $3.528 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Operating Income</h4><p>Operating income for Ducommun Incorporated (杜科蒙) in Q1 2026 was $15.7 million, or 7.5% of revenue, significantly higher than $5.0 million, or 2.6% of revenue, in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. Non-GAAP adjusted operating income reached $18.0 million, or 8.6% of revenue, in Q1 2026, compared to $7.6 million, or 4.0% of revenue, in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. The Electronic Systems segment’s operating income increased to $22.9 million (19.5% of revenue) in Q1 2026 from $17.5 million (16.0% of revenue) in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. The Structural Systems segment’s operating income rose to $10.4 million (11.4% of revenue) in Q1 2026 from $9.9 million (11.9% of revenue) in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA for Ducommun Incorporated (杜科蒙) reached $35.4 million in Q1 2026, an increase of 19% year-over-year from $29.7 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. As a percentage of revenue, Adjusted EBITDA increased to 16.9% from 15.4% in the comparable period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Operating Cash Flow</h4><p>Net cash provided by operations for Ducommun Incorporated (杜科蒙) in Q1 2026 was $11.2 million, a substantial increase compared to $0.8 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. This improvement was primarily due to higher net income and increased contract liabilities, partially offset by lower accrued and other liabilities <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Interest Expense</h4><p>Interest expense for Ducommun Incorporated (杜科蒙) in Q1 2026 was $4.0 million, up from $3.3 million in Q1 2025, mainly due to a higher debt balance partially offset by lower interest rates <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Selling, General and Administrative (SG&amp;A) Expenses</h4><p>Selling, General and Administrative Expenses for Ducommun Incorporated (杜科蒙) were $40.5 million in Q1 2026, down from $45.05 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. As a percentage of net revenues, SG&amp;A decreased to 19.4% in Q1 2026 from 23.4% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. Corporate General and Administrative (CG&amp;A) expenses were - $17.6 million (8.4% of total Company revenue) in Q1 2026, a decrease from - $22.4 million (11.6% of total Company revenue) in Q1 2025, primarily due to lower stock-based compensation expense <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Capital Expenditures</h4><p>Total capital expenditures for Ducommun Incorporated (杜科蒙) in Q1 2026 were $2.580 million, down from $4.392 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. Electronic Systems capital expenditures were $0.886 million in Q1 2026, compared to $2.265 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. Structural Systems capital expenditures were $1.475 million in Q1 2026, down from $2.114 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Remaining Performance Obligations</h4><p>Consolidated remaining performance obligations for Ducommun Incorporated (杜科蒙) were $1,073.730 million as of April 4, 2026, a decrease from $1,106.040 million as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. For the Electronic Systems segment, remaining performance obligations increased to $565.864 million from $552.926 million over the same period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. For the Structural Systems segment, they decreased to $507.866 million from $553.114 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p><h4>Outlook / Guidance</h4><p>Ducommun Incorporated (杜科蒙) anticipates some destocking headwinds in the remaining quarters of 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. However, the overall outlook for 2027 and 2028 remains very promising <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>. The company expects its strong missile franchise to continue gaining momentum throughout the year, benefiting from long-term framework agreements with defense primes under the Department of War <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/30305/000162828026033833/dcoex99_1q12026earningsrel.htm"></span>.</p>

Ducommun | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 209.02 M