LOS ANGELES -- Ducommun last night reported a big first-quarter jump on sales, primarily the result of its acquisition of LaBarge.

For the period ended March 31, the contract electronics assembly segment reported net sales for the quarter of $110.1 million, up from $27.3 million in 2011, reflecting sales of $84.4 million from the acquisition of LaBarge. Operating income was $8.3 million, up from $2.1 million in 2011. Adjusted EBITDA was $13.2 million, compared with $3 million a year ago.

Overall net sales for the period increased 85% to $184.3 million. Net income fell $500,000 for the period to $2.4 million. Cash flow used in operations was $4.8 million, an improvement of $20.5 million versus the prior-year period, and Ducommun ended the quarter with a record backlog of approximately $647 million.

“Our first quarter showed strong commercial aerospace growth and improvement in many of our financial metrics,” said Anthony J. Reardon, president and chief executive. “Adjusted EBITDA climbed to 10.3% of revenue from 9.1% in the first quarter of 2011, and we reduced our seasonal cash usage by $20.5 million versus first quarter 2011."

He added that aerospace demand was increasing, offset in part by near-term weakness in the industrial and natural resources end-markets.

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洛杉矶 - Ducommun昨晚报告上销售，主要是LaBarge公司收购其第一季度的大跳跃。

截至二零零七年三月三十一日止期间，合同电子组装分部报告本季度的净销售额为110.1亿美元，同比增长从2011年的2730万美元，反映LaBarge公司收购84.4亿美元的销售。营业收入为830万美元，从2011年的210万美元。调整后EBITDA为1320万美元，比去年同期300万美元。

期间整体净销售额增长了85％至184.3亿美元。净所得降至50万美元期间，240万美元。在操作中使用的现金流量为480万美元，与上年同期的20.5亿美元的改善，和Ducommun截至纪录积压了约647万美元的季度。

“我们第一季度表现出强大的商业航空增长和改善我们的许多财务指标，说：”安东尼·里尔登，总裁兼首席执行官。 “调整后的EBITDA收入的10.3％攀升至9.1％，在2011年第一季度，我们减少了2050万美元，与2011年第一季度的季节性现金使用。”

他补充说，航空需求增加，部分抵消了近期在工业和自然资源终端市场的疲软。

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