SANTA ANA, CA – Ducommun announced $197.3 million in fourth quarter revenue, up 2.7% over the fourth quarter of 2023.

The company said the increase came from $5.1 million higher revenue within its military and space end-use markets due to higher rates on selected missile, electronic warfare and ground vehicle platforms, partially offset by lower rates on selected military fixed-wing aircraft platforms; as well as $3 million higher revenue within its commercial aerospace end-use markets due to higher rates on selected rotary-wing aircraft and Airbus platforms, partially offset by lower revenues from in-flight entertainment and Boeing platforms.

Gross profit for the fourth quarter was $46.4 million, or 23.5% of revenue, compared to gross profit of $41.7 million, or 21.7% of revenue, for the fourth quarter of 2023.

“We made excellent progress in our VISION 2027 commitments in 2024 with the bright spots being earnings, EBITDA margins and reaching 23% of revenue for Engineered Products. In addition, I am very happy to report that the company reached an all-time revenue record for the second consecutive year in 2024. In Q4 we continued the top-line growth story for Ducommun, led by our military and space business,” said Stephen G. Oswald, chairman, president and CEO. “Quarterly revenue exceeded $190 million for the sixth consecutive quarter and increased to approximately $197 million, resulting in another record full year revenue of $787 million. Gross margins for the quarter also grew 180 bps year-over-year to 23.5% and 350 bps for the full year to 25.1%, another all-time record. As we continued to deliver on our VISION 2027 Plan of shifting to more engineered products, executing strategic pricing initiatives and driving productivity improvements from our restructuring activities, the future for DCO and its shareholders is bright."

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