SANTA ANA, CA – Ducommun reported second quarter net revenue for its Electronic Systems segment was $102.8 million, up 11.7% year-over-year.

The increase is primarily due to $11.6 million higher revenue within the company’s military and space end-use markets as a result of higher build rates on military fixed-wing aircraft platforms and other military and space platforms, and $2.8 million higher revenue within the commercial aerospace end-use markets due to higher build rates on other commercial aerospace platforms.

Electronic Systems segment operating income for the quarter ended July 3 was $14.4 million, or 14% of revenue, compared to $10.4 million, or 11.4% of revenue, for the comparable quarter in 2020. The year-over-year increase was primarily due to favorable manufacturing volume and favorable product mix.

Ducommun reported total net revenue for the second quarter was $160.2 million, an increase of 8.8% compared to the second quarter of 2020. Net income was $8.4 million, up 64.7% year-over-year. Operating income was $13.1 million, or 8.2% of revenue, compared to $10 million, or 6.8% of revenue, in the comparable period last year.

“Ducommun's second quarter results were excellent, as the company benefited from the continual improvements in our defense markets, along with strong operating management and a slowly improving commercial aerospace market,” said Stephen G. Oswald, chairman, president and CEO. “Revenue increased 9% year-over-year due to military demand, leading to our first quarterly topline growth since the pandemic began in March 2020.”

During the second quarter, net cash provided by operations was $5.5 million, compared to $8.6 million during the second quarter of 2020.

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