Ducommun is a global provider of innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. It specializes in two core areas – electronic systems and structural systems – to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
Electronic solutions – full-service manufacturing services for high mix, low volume production of complex electronics used in high cost of failure applications. Key competencies include high-reliability interconnect systems, printed circuit board assemblies, and integrated electronic, electromechanical and mechanical assemblies and systems.
Structural solutions – large, complex contoured structural components and assemblies for aerospace and other applications. The Company's integrated processes include stretch-forming, thermal-forming, chemical milling, precision fabrication, machining, finishing processes, and integration of components into subassemblies.
Company Growth (employees)
Ducommun Office Locations
Ducommun Data and Metrics
Ducommun Financial Metrics
Revenue (FY, 2016) | 550.6 m |
Revenue growth (FY, 2015 - FY, 2016), % | (17%) |
Gross profit (FY, 2016) | 106.2 m |
Gross profit margin (FY, 2016), % | 19% |
Net income (FY, 2016) | 25.3 m |
EBIT (FY, 2016) | 28.6 m |
Market capitalization (20-Jul-2017) | 355.1 m |
Closing share price (20-Jul-2017) | 32 |
Cash (31-Dec-2016) | 7.4 m |
EV | 347.7 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 736.7 m | 742 m | 666 m | 550.6 m |
Revenue growth, % | 1% | (10%) | (17%) | |
Cost of goods sold | 602 m | 155.1 m | 565.2 m | 444.4 m |
Gross profit | 134.6 m | 587 m | 100.8 m | 106.2 m |
Gross profit Margin, % | 18% | 79% | 15% | 19% |
General and administrative expense | 77.6 m | |||
Operating expense total | 77.6 m | |||
EBIT | 37.6 m | 51.8 m | (75.3 m) | 28.6 m |
EBIT margin, % | 5% | 7% | (11%) | 5% |
Interest expense | 29.9 m | 7 m | 18.7 m | 8.3 m |
Pre tax profit | 4 m | (106.6 m) | ||
Income tax expense | (1.7 m) | (1.1 m) | (33.3 m) | 12.9 m |
Net Income | 9.3 m | 19.9 m | (73.3 m) | 25.3 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 48.8 m | 45.6 m | 5.5 m | 7.4 m |
Accounts Receivable | 91.9 m | 91.1 m | 77.1 m | 76.2 m |
Inventories | 140.5 m | 142.8 m | 115.4 m | 119.9 m |
Current Assets | 330.8 m | 328.7 m | 264.2 m | 225.9 m |
PP&E | 96.1 m | 99.1 m | 101.6 m | |
Goodwill | 161.9 m | 157.6 m | 82.6 m | 82.6 m |
Total Assets | 764.2 m | 747.6 m | 561.4 m | 515.4 m |
Accounts Payable | 58.1 m | 59 m | 40.3 m | 57 m |
Total Debt | 3 k | |||
Current Liabilities | 103.6 m | 111.1 m | 83.6 m | 86.3 m |
Total Liabilities | 303.3 m | |||
Additional Paid-in Capital | 70.5 m | 72.2 m | 75.2 m | 76.8 m |
Retained Earnings | 174.8 m | 190.9 m | 117.6 m | 141.3 m |
Total Equity | 187.3 m | 212.1 m | ||
Debt to Equity Ratio | 0 x | |||
Debt to Assets Ratio | 0 x | |||
Financial Leverage | 3 x | 2.4 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 9.3 m | 19.9 m | (73.3 m) | 25.3 m |
Depreciation and Amortization | 30.9 m | 29 m | 26.8 m | 22.9 m |
Accounts Receivable | 1.1 m | 4.4 m | 3.2 m | |
Inventories | (2.3 m) | 21 m | (5.2 m) | |
Accounts Payable | 410 k | (14 m) | 15.1 m | |
Cash From Operating Activities | 46 m | 53.4 m | 23.7 m | 43.3 m |
Purchases of PP&E | (12.4 m) | (18.1 m) | (15.9 m) | (17 m) |
Cash From Investing Activities | (12.3 m) | (15.5 m) | (13.5 m) | 34.9 m |
Cash From Financing Activities | (31.4 m) | (41.2 m) | (50.4 m) | (76.2 m) |
Interest Paid | 27.6 m | 25.1 m | 26.5 m | 6.9 m |
Income Taxes Paid | 7.8 m | 3.5 m | 1.2 m | 9.8 m |
| Y, 2016 | |
|---|---|
EV/EBIT | 12.2 x |
EV/CFO | 8 x |
Financial Leverage | 2.4 x |
