DUCOMMUN INCORPORATED Announces Record Earnings for 2nd Quarter of FY2023
August 28, 2023
🌥️Earnings Overview
DUCOMMUN INCORPORATED ($NYSE:DCO) released their earnings report for the second quarter of FY2023, which concluded on June 30 2023. Total revenue was USD 187.3 million, representing a 7.5% increase in comparison to the same time period in FY2022. Conversely, net profits amounted to USD 2.4 million, representing a 42.9% decrease from the year-on-year period.
Share Price
On Thursday, DUCOMMUN INCORPORATED announced record earnings for the second quarter of Fiscal Year 2023. Despite this positive news, the company’s stock opened at $46.2 and closed at $44.3, a drop of 8.0% from its previous closing price of $48.1. This dip in stock prices came as a surprise to many analysts who expected the strong financial performance to be reflected in the company’s stock price. This impressive financial performance was attributed to the company’s focus on innovation and their successful investments in new products and services.
This strategy has enabled DUCOMMUN INCORPORATED to stay competitive and succeed in a rapidly changing market. The company also announced plans to use some of the funds generated from their strong second quarter performance to invest in further development and research initiatives. While there may still be some short-term volatility in the stock price, analysts remain optimistic for DUCOMMUN’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ducommun Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 743.37 | 24.15 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ducommun Incorporated. More…
| Operations | Investing | Financing |
| 16.82 | -135.86 | 104.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ducommun Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.12k | 496.61 | 42.7 |
Key Ratios Snapshot
Some of the financial key ratios for Ducommun Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.6% | -4.8% | 6.0% |
| FCF Margin | ROE | ROA |
| -0.6% | 4.8% | 2.5% |
Analysis
GoodWhale conducted an analysis of the wellbeing of DUCOMMUN INCORPORATED, and based on our Star Chart categorization, we concluded that DUCOMMUN INCORPORATED is classified as a “rhino”, a type of company that has achieved moderate revenue or earnings growth. Investors interested in such companies are typically those who seek a moderate level of risk for their investments, such as those looking for companies with strong cashflows and low debt. In terms of actual performance, DUCOMMUN INCORPORATED is strong in asset ownership, medium in profitability, and weak in dividend growth. Despite their weak dividend growth, DUCOMMUN INCORPORATED still scored high on our health assessment with a score of 7/10, taking into account its cashflows and debt. This indicates that the company is capable of paying off it’s debt and fund future operations. More…
Peers
The company has about 5,000 employees and is headquartered in Los Angeles, California. Its competitors include LIG Nex1 Co Ltd, Curtiss-Wright Corp, and KWESST Micro Systems Inc.
– LIG Nex1 Co Ltd ($KOSE:079550)
LIG Nex1 Co Ltd is a South Korean defense company specializing in the development and manufacture of military hardware and software. The company has a market capitalization of 2.07 trillion as of 2022 and a return on equity of 20.19%. LIG Nex1 is the largest defense contractor in South Korea and one of the top 100 defense companies in the world. The company’s products include missiles, artillery, radar, and electronic warfare systems.
– Curtiss-Wright Corp ($NYSE:CW)
Curtiss-Wright Corporation is a diversified company that designs, manufactures, and services highly engineered products and services for the aerospace, defense, power generation, and general industrial markets. With headquarters in Davidson, North Carolina, Curtiss-Wright employs approximately 8,400 people worldwide. The company’s products and services are used in a variety of applications, including flight control and actuation systems, propulsion systems, metal treatment and finishing services, and general purpose machinery. Curtiss-Wright has a long history of innovation and has been a leading supplier of technologically advanced products for more than 100 years.
– KWESST Micro Systems Inc ($TSXV:KWE)
KWESST Micro Systems Inc is a Canadian company that specializes in the development and manufacture of microelectronic products. The company has a market cap of 5.02M as of 2022 and a Return on Equity of -328.91%. The company’s products are used in a variety of applications including aerospace, defense, and medical.
Summary
DUCOMMUN INCORPORATED recently reported their financial results for the 2nd quarter of FY2023, showing a 7.5% revenue increase year-over-year to USD 187.3 million. Despite this growth, net income dropped 42.9% from the same period last year to USD 2.4 million. The company’s stock price moved down on the same day due to this news, suggesting investors are wary of the lower-than-expected profits. With this in mind, investors should carefully consider the risks and rewards of investing in DUCOMMUN INCORPORATED, as further changes in outlook may have an effect on stock performance.
Related Posts
Recent Posts
