---
title: "Ducommun | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 194.11 M"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/238883598.md"
datetime: "2025-05-06T10:17:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238883598.md)
  - [en](https://longbridge.com/en/news/238883598.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238883598.md)
---

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# Ducommun | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 194.11 M

Revenue: As of FY2025 Q1, the actual value is USD 194.11 M, beating the estimate of USD 191.98 M.

EPS: As of FY2025 Q1, the actual value is USD 0.69, beating the estimate of USD 0.45.

### First Quarter 2025 Financial Summary

#### Net Revenue

-   Total net revenue for the first quarter of 2025 was $194.1 million, representing a 2% increase from $190.8 million in the first quarter of 2024.

#### Net Income

-   Net income for the first quarter of 2025 was $10.5 million, or 5.4% of revenue, compared to $6.8 million, or 3.6% of revenue, for the first quarter of 2024.

#### Gross Margin

-   Gross margin for the first quarter of 2025 was 26.6%, up from 24.6% in the first quarter of 2024, marking a year-over-year growth of 200 basis points.

#### Operating Income

-   Operating income for the first quarter of 2025 was $16.6 million, or 8.5% of revenue, compared to $12.6 million, or 6.6% of revenue, in the comparable period last year.

#### Adjusted EBITDA

-   Adjusted EBITDA for the first quarter of 2025 was $30.9 million, or 15.9% of revenue, compared to $27.4 million, or 14.4% of revenue, for the comparable period in 2024.

#### Cash Flow

-   Net cash provided by operations during the first quarter of 2025 was $0.8 million, compared to net cash used in operations of $1.6 million during the first quarter of 2024.

### Business Segment Performance

#### Electronic Systems

-   Net revenue for the Electronic Systems segment was $109.7 million, compared to $107.5 million for the first quarter of 2024.
-   Operating income for the Electronic Systems segment was $18.1 million, or 16.5% of revenue, compared to $19.0 million, or 17.6% of revenue, for the comparable quarter in 2024.

#### Structural Systems

-   Net revenue for the Structural Systems segment was $84.4 million, compared to $83.3 million for the first quarter of 2024.
-   Operating income for the Structural Systems segment was $10.4 million, or 12.3% of revenue, compared to $2.9 million, or 3.4% of revenue, for the comparable quarter in 2024.

### Outlook / Guidance

-   Ducommun Incorporated does not expect the current tariff environment to significantly impact its financial outlook, as the company is largely a U.S. manufacturer with limited supply chain exposure to China.
-   The company is on track to meet its VISION 2027 financial goal of 18% Adjusted EBITDA.
-   Plans are in place to mitigate any raw materials tariff exposures through duty exemptions on military products or by passing through costs to customers under contract terms.

### 相關股票

- [Ducommun (DCO.US)](https://longbridge.com/zh-HK/quote/DCO.US.md)

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