My dears,

Because I have grown so fond of you, I have another company presentation for you today.

And again from a growth sector that is becoming more and more important.

I hope you enjoy this introduction to $DCO (-0.49%)
Ducommun.

As always, I look forward to many comments and👍.

(Perhaps also an exciting company for love @EpsEra )

While the watchmaking Ducommuns were active in Switzerland, the American line built the company into an aerospace and defense supplier. supplier for aerospace and defense defense.

Ducommun Incorporated (NYSE: DCO) was founded in 1849 and is today one of the oldest continuously operating companies in California.

Ducommun recognized by Time Magazine as the best mid-sized company

Ducommun is proud to have been recognized by TIME Magazine as one of America's Best Midsize Companies to Work For in 2025.

Ducommun again recognized by Newsweek as the most responsible company

For the second year in a row, Ducommun has been named to Newsweek's list of America's Most Responsible Companies.

How Ducommun is benefiting from the boom in the defense sector

Ducommun is a long-established US aerospace supplier that has evolved from a metal fabricator to a specialized high-tech company since its founding in 1849. Based in California, the company produces high-precision structural elements, complex electronic systems and sensor solutions for customers such as Boeing, Lockheed Martin and Raytheon. In addition to civil aviation, Ducommun is also broadly positioned in the defense sector, where it benefits from long-term Pentagon contracts.

Ducommun Incorporated provides value-added manufacturing solutions to customers in the aerospace, defense and industrial markets. The company operates in two segments: Electronic Systems and Structural Systems. The Electronic Systems segment develops, designs and manufactures high-reliability electronic and electromechanical products used in global technology-driven markets, including aerospace, defense and industrial end markets. The Electronic Systems product offering ranges primarily from prototype development to complex assemblies. The Structural Systems segment designs, engineers and manufactures large, complex-shaped aircraft components and assemblies and supplies composite and metal composite structures and assemblies. Structural Systems' products are primarily used in commercial airliners, military fixed-wing aircraft and military and commercial rotorcraft. The company's products are used in heavy industry and certain medical applications.

Number of employees: 2,180

Ducommun Incorporated reports third quarter 2025 results

Record quarterly sales and gross margins

Ducommun Incorporated meldet Ergebnisse des dritten Quartals 2025 | Ducommun Incorporated

USD in millions

Estimates

Year
Turnover
Change in
EBIT
Change in

2025 826,2 5,05 % 82,3 10,9 %

2026 893,5 8,14 % 100,3 21,89 %

2027 961,5 7,62 % 114,8 14,42 %

Year
Net result
Change in

2025 -29,41 -193,39 %

2026 59,94 303,77 %

2027 79,12 32,01 %

Year
Net debt
Free cash flow

2025 184 -3,344

2026 134 67,86

2027 183 82,93

Year
EBIT margin
Earnings per share

2025 9,96 % - 2,06

2026 11,23 % 3,96

2027 11,94 % 5,18

Year
Enterprise Value
P/E RATIO
PEG

2025 1,549 - 44.4x 0x

2026 1,500 23.1x -0x

2027 1,548 17.6x 0.6x

No. of shares (in thousands) 14,946