Ducommun Posts Record Q1 Revenue, Keeps 2026 Outlook

Overview

• Ducommun reported first‑quarter revenue of $209 million, up 9% year over year and above forecasts, while adjusted EPS of $0.75 came in below the $0.85 consensus.
• Gross margin rose to 26.9% and adjusted EBITDA grew 19% to $35.4 million for a 16.9% margin, reflecting gains tied to the company’s Vision 2027 plan.
• The company maintained guidance for mid‑ to high‑single‑digit revenue growth in 2026 and reaffirmed its target of an 18% adjusted EBITDA margin by 2027.
• Executives said missile program orders should begin entering backlog in the second half of 2026, with revenue from those awards expected to start later in 2027.
• Commercial aerospace sales increased 18% on higher Airbus A220/A320 and Boeing 737 MAX build rates, and a move of Apache rotor blade work to New York created short‑term timing softness that management expects to clear by June.