LOS ANGELES – Ducommun’s EMS unit reported net revenue in the second quarter of $98.8 million, down 8.4% year-over-year. The lower net revenue reflected a 12.8% decrease in military and space revenue and a 4.3% decrease in non-A&D revenue.

DuCommun Labarge Technologies’ operating income was $7.7 million, or 7.8% of revenue, compared to $10.8 million, or 10% of revenue, for the second quarter of 2014.

DLT segment net revenue for the six months ended July 4 was $199.6 million, down 3.1% year-over-year. Operating income was $14 million, or 7% of revenue, compared to $17.8 million, or 8.6% of revenue, for the six months ended June 28, 2014.

Ducommun’s total net revenue for the second quarter of 2015 was $174.8 million, down 6.3% year-over-year.

The decrease primarily reflects 16.9% lower revenue in the company’s military and space end-use markets and 4.3% lower revenue in the non-aerospace and defense markets, partially offset by 9.4% higher revenue in commercial aerospace.

Total net income was $1.8 million, down 72.7% compared to the second quarter of 2014.

Operating income was $10.8 million, or 6.2% of revenue, compared to $16.8 million, or 9% of revenue, in the comparable period last year.

“While again posting revenue growth in commercial aerospace and winning new business on several key aircraft, we are executing on initiatives to right-size certain operations, reduce costs and working capital, and expand overall margins,” said Anthony J. Reardon, chairman and CEO. “Our military and oil and gas end-use markets continue to be down year-over-year, but we expect to see run rates stabilize in the second half of 2015.”

During the second quarter, Ducommun generated $14.1 million of cash from operations compared to $25.3 million during the second quarter of 2014.

The firm’s backlog as of July 4 was approximately $524 million.

DAS segment net revenue for the second quarter was $76.1 million, a decrease of 3.2% year-over-year. The lower net revenue was primarily due to a 25.5% decrease in military and space revenue, partially offset by a 10.8% increase in commercial aerospace revenue.

DAS segment operating income was $6.9 million, or 9% of revenue, compared to operating income of $10.1 million, or 12.8% of revenue, for the second quarter of 2014.

Total net revenue for the six months ended July 4 was $347.8 million, down 5% compared to the six months ended June 28, 2014.

Ducommun’s net loss for the six months ended July 4 was $200,000, compared to net income of $11.8 million for the six months ended June 28, 2014.

Total operating income for the six-month period was $14.5 million, or 4.2% of revenue, compared to $31.6 million, or 8.6% of revenue, in the comparable period last year.

DAS segment net revenue for the six months ended July 4 was $148.1 million, down 7.6% year-over-year. Operating income was $9 million, or 6.1% of revenue, compared to operating income of $21.2 million, or 13.2% of revenue, for the prior year period.

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