LOS ANGELES – Ducommun's DLT segment reported net revenue for the third quarter of $106.8 million, up 3.2% year-over-year. The higher revenue reflected a 43.7% increase in commercial aerospace electronics revenue.

DLT segment operating income was $8.3 million, or 7.8% of revenue, compared to $7.6 million, or 7.3% of revenue, for the third quarter of 2013.

EBITDA was $12.7 million, or 11.9% of revenue, compared to $12.1 million, or 11.7% of revenue, in the comparable quarter of the prior year.

The firm posted total net revenue for the third quarter of $188.2 million, up 3.8% year-over-year.

The revenue increase primarily reflects 20.5% higher revenue in the company’s commercial aerospace markets, partially offset by a 3.3% decline in revenue in the military and space markets.

Net income for the quarter was $2.6 million, down 43.5% year-over-year.

Operating income was $10.3 million, or 5.5% of revenue, compared to $12 million, or 6.6% of revenue, in the same period of 2013.

EBITDA for the third quarter was $18.6 million, or 9.9% of revenue, compared to $19.2 million, or 10.6% of revenue, for the comparable period last year.

During the quarter, Ducommun generated $5.4 million in cash from operations, compared to $7.8 million during the third quarter of 2013.

The company’s backlog as of Sept. 27 was approximately $569 million.

The DAS segment reported net revenue for the third quarter of $81.4 million, up 4.8% year-over-year. The higher revenue was primarily due to a 15.3% increase in commercial aerospace revenue, partially offset by an 8.1% decrease in military and space revenues, the firm says.

DAS segment operating income was $7.2 million, or 8.8% of revenue, compared to operating income of $7.6 million, or 9.8% of revenue, in the third quarter of 2013. EBITDA was $11.1 million, or 13.6% of revenue, compared to $10.3 million, or 13.2% of revenue, for the comparable quarter in the prior year.

The DLT segment reported net revenue for first nine months of $312.8 million, down 0.45% year-over-year. The slight decline was primarily due to a 5.7% decline in defense technologies revenue, offset by 23.4% higher commercial aerospace revenue and 3.6% higher non-A&D revenue.

DLT segment operating income was $26.1 million, or 8.3% of revenue, compared to $26.8 million, or 8.5% of revenue, for the first nine months of fiscal 2013.

Total net revenue for the nine months ended Sept. 27 was $554.4 million, up 1% year-over-year. Revenue reflects 10% higher commercial aerospace revenue and a 3.6% increase in non-aerospace and defense (non-A&D) revenue, partially offset by a decline in revenue of 4.6% in the military and space markets.

Net income for first nine months of 2014 was $13.7 million, nearly flat year-over-year.

Operating income for the nine-month period increased 9.7% to $40.9 million, or 7.4% of revenue compared to the first nine months of 2013.

EBITDA for the nine months ended Sept. 27 was $64.3 million, or 11.6% of revenue, compared to $58.7 million, or 10.7% of revenue, for same period last year.

The DAS segment reported net revenue for the nine months ended Sept. 27 of $241.6 million, up 3% year-over-year. The higher revenue was primarily due to a 7.3% increase in commercial aerospace revenue, offset by a 2.7% decrease in military and space revenue.

DAS segment operating income was $27.3 million, or 11.3% of revenue, compared to $23.8 million, or 10.1% of revenue, in the first nine months of fiscal 2013.

EBITDA was $37.1 million for the first nine months of fiscal 2014, or 15.4% of revenue, compared to $31.2 million, or 13.3% of revenue, for the comparable period in the prior year.

CG&A expenses for the first nine months were $12.5 million, or 2.2% of total company revenue, down from $13.2 million, or 2.4% of total revenue, in the nine months ended Sept. 28, 2013.