DUCOMMUN INC /DE/

Listed Company

DCOCIK 0000030305NYSELarge AcceleratedAircraft Parts & Auxiliary Equipment, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$824.84M

Net Income

$-37.35M

Total Assets

—

Equity

—

Shares Out

15.09M

Op. Cash Flow

$-33.41M

Business

DUCOMMUN INC /DE/ is a provider of engineering and manufacturing services for high‑performance, high‑cost‑of‑failure products used primarily in aerospace, defense and industrial markets. It designs, engineers and manufactures electronic and electromechanical systems, complex contoured aerostructure components and assemblies, composite and metal bonded structures, and value‑added proprietary products and manufacturing solutions, plus engineering and program management services. The company operates through two reportable segments: Electronic Systems and Structural Systems. It serves a global customer base including OEMs, prime contractors, Tier suppliers, the U.S. Government and commercial aerospace, defense, space and industrial end users via direct sales, subcontracts and aftermarket channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Net Revenues	825	786	757
Cost of Sales	603	589	594
Gross Profit	222	197	163
Selling, General and Administrative Expenses	148	149	120
Restructuring Charges	2	6	15
Litigation Settlement and Related Costs, Net	107	0	0
Operating (Loss) Income	−36	42	29
Interest Expense	−13	−15	−21
Loss on Extinguishment of Debt	−581,000	0	0
Other Income, Net	2	0	8
(Loss) Income Before Taxes	−47	27	16
Income Tax (Benefit) Expense	−10	5	451,000
Net (Loss) Income	−37	22	16
(Loss) Earnings Per Share	—	—	—
Basic (loss) earnings per share (in dollars per share)	−2.5	1.47	1.16
Diluted (loss) earnings per share (in dollars per share)	−2.5	1.44	1.14
Weighted-Average Number of Shares Outstanding	—	—	—
Basic (in shares)	15	15	14
Diluted (in shares)	15	15	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Sep 27, 2025 2025-09-27	Jun 28, 2025 2025-06-28	Mar 29, 2025 2025-03-29	Sep 28, 2024 2024-09-28
Assets	—	—	—	—	—	—
Current Assets	—	—	—	—	—	—
Cash and cash equivalents	45	37	51	37	31	37
Accounts receivable (net of allowance for credit losses of $1,802 and $2,630 at December 31, 2025 and 2024, respectively)	124	110	111	118	118	108
Contract assets	250	200	247	220	210	221
Inventories	183	197	195	199	198	186
Production cost of contracts	7	7	6	6	7	6
Other current assets	16	17	72	17	14	13
Total Current Assets	626	568	682	596	578	570
Property and Equipment, Net	107	110	107	109	109	110
Operating Lease Right-of-Use Assets	40	29	42	24	26	31
Goodwill	245	245	245	245	245	245
Intangibles, Net	133	150	137	141	145	154
Deferred Income Taxes	16	2	19	5	4	5
Other Assets	20	23	18	18	20	16
Total Assets	1,186	1,126	1,250	1,139	1,128	1,130
Liabilities and Shareholders’ Equity	—	—	—	—	—	—
Current Liabilities	—	—	—	—	—	—
Accounts payable	75	76	85	84	80	75
Contract liabilities	41	34	34	37	37	37
Accrued and other liabilities	51	44	194	40	33	45
Operating lease liabilities	8	9	8	9	9	8
Current portion of long-term debt	5	13	13	13	13	11
Total Current Liabilities	179	176	334	182	172	177
Long-Term Debt, Less Current Portion	299	230	215	218	230	246
Non-Current Operating Lease Liabilities	34	21	36	17	19	23
Other Long-Term Liabilities	13	20	16	16	16	19
Total Liabilities	525	446	601	433	436	466
Commitments and Contingencies (Notes 13, 15)	—	—	—	—	—	—
Shareholders’ Equity	—	—	—	—	—	—
Common stock - $0.01 par value; 35,000,000 shares authorized; 14,949,671 and 14,781,218 shares issued and outstanding at December 31, 2025 and 2024, respectively	149,000	148,000	149,000	149,000	149,000	148,000
Additional paid-in capital	248	225	245	240	238	222
Retained earnings	406	444	397	458	445	437
Accumulated other comprehensive income	7	11	7	7	9	5
Total Shareholders’ Equity	661	680	649	706	692	664
Total Liabilities and Shareholders’ Equity	1,186	1,126	1,250	1,139	1,128	1,130

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash Flows from Operating Activities	—	—	—
Net (Loss) Income	−37	22	16
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:	—	—	—
Depreciation and amortization	34	33	33
Non-cash operating lease cost	8	9	8
Inventory write-down and property and equipment impairment due to restructuring	0	0	882,000
Stock-based compensation expense	28	27	15
Deferred income taxes	−12	−8	−10
(Recovery of) provision for credit losses	−145,000	624,000	1
Noncash loss on extinguishment of debt	−581,000	0	0
Recognition of insurance recoveries	0	0	4
Gain on sale of property and other assets	2	0	0
Litigation settlement and related costs	4	0	0
Other	−1	−297,000	−411,000
Changes in Assets and Liabilities:	—	—	—
Accounts receivable	15	6	−2
Contract assets	49	23	−14
Inventories	−14	−2	16
Production cost of contracts	923,000	−618,000	3
Other assets	326,000	2	4
Accounts payable	−551,000	3	−18
Contract liabilities	6	−19	6
Operating lease liabilities	−8	−8	−8
Accrued and other liabilities	−6	2	−3
Net Cash (Used in) Provided by Operating Activities	−33	34	31
Cash Flows from Investing Activities	—	—	—
Purchases of property and equipment	15	14	20
Proceeds from sale of property and other assets	2	0	0
Proceeds from sale of assets	130,000	223,000	404,000
Payments for acquisition of BLR Aerospace L.L.C., net of cash acquired	0	0	114
Net Cash Used in Investing Activities	−13	−14	−133
Cash Flows from Financing Activities	—	—	—
Borrowings from senior secured revolving credit facility	145	20	177
Repayments of senior secured revolving credit facility	49	35	153
Borrowings from term loans	200	0	0
Repayments of term loans	234	8	6
Repayments of other debt	368,000	329,000	336,000
Debt issuance costs	4	0	0
Proceeds from issuance of common stock in public offering, net of issuance costs	0	0	85
Net cash paid upon issuance of common stock under stock plans	3	3	3
Net Cash Provided by (Used in) Financing Activities	55	−26	99
Net Increase (Decrease) in Cash and Cash Equivalents	8	−6	−3
Cash and Cash Equivalents at End of Year	—	—	—
Cash and Cash Equivalents at End of Year	—	—	—

Filings

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