LOS ANGELES -- Ducommun reported sales in its EMS operations were essentially flat during the second quarter as demand for aerospace and defense products offset slowness in other end-markets. The Company’s DLT segment reported net sales for the period ended June 29 of $107.5 million, compared to $107.8 million in 2012. Defense electronics and commercial aerospace revenue increased 16.5%, offset by a 25.8% decline in the segment’s non-A&D revenue.
Operating income was $11.2 million, up from $10.5 million in 2012 on improved product mix and cost synergies following the integration of LaBarge. EBITDA was $15.9 million in the quarter, or 14.8% of revenue, compared to $15.2 million (14.1%) the prior year.
Overall sales were $191.5 million, up 3.7% versus the second quarter 2012. Net income was $5.5 million, flat year-over-year. Operating income was $15 million, up from $14 million last year.
Cash flow from operations was $13.1 million, up from $10.5 million. Backlogs as of June 29 were $632 million.
“Ducommun posted strong results this quarter reflecting both top line growth and solid margins,” said Anthony J. Reardon, chairman, president and chief executive. “Revenue benefited from robust commercial aerospace demand and increased shipments within our defense technologies operations, underscoring the breadth of our integrated solutions and unique applications.
“In our non-A&D end markets, however, sales fell once again, and we experienced soft bookings. In this regard, we have developed a comprehensive strategy utilizing the full engineering and manufacturing capabilities of the company to expand our non-A&D product portfolio, with an eye to restoring growth heading into 2014.”
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