$DCO

DUCOMMUN INC /DE/

CIK:0000030305|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 04, 2026	Apr. 04, 2026	Jun. 28, 2025	Mar. 29, 2025	Jul. 04, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net Revenues	$ 224,492		$ 200,803		$ 433,514	$ 393,284
Cost of Sales	161,592		147,827		314,381	289,857
Gross Profit	62,900		52,976		119,133	103,427
Selling, General and Administrative Expenses	34,569		34,643		75,082	79,693
Restructuring Charges	0		608		0	1,034
Operating Income	28,331		17,725		44,051	22,700
Interest Expense, Net	(3,522)		(3,008)		(7,532)	(6,271)
Other Income, Net	0		1,746		0	1,746
Income Before Taxes	24,809		16,463		36,519	18,175
Income Tax Expense	4,410		3,709		6,204	4,019
Net Income	$ 20,399	$ 9,916	$ 12,754	$ 1,402	$ 30,315	$ 14,156
Earnings Per Share
Basic earnings per share (in dollars per share)	$ 1.35		$ 0.85		$ 2.01	$ 0.95
Diluted earnings per share (in dollars per share)	$ 1.31		$ 0.84		$ 1.95	$ 0.93
Weighted-Average Number of Common Shares Outstanding
Basic (in shares)	15,136		14,938		15,089	14,898
Diluted (in shares)	15,555		15,216		15,581	15,196

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
Cash Flows from Operating Activities
Net Income	$ 30,315	$ 14,156
Net Cash Provided by Operating Activities:
Depreciation and amortization	16,792	16,857
Non-cash operating lease cost	4,312	4,402
Stock-based compensation expense	16,771	20,767
Deferred income taxes	5,021	(1,654)
Provision for credit losses	(112)	10
Gain on sale of property and other assets	0	(1,746)
Other	(2,832)	408
Changes in Assets and Liabilities:
Accounts receivable	(22,364)	(8,320)
Contract assets	(9,821)	(19,028)
Inventories	(8,926)	(1,596)
Production cost of contracts	717	820
Other assets	(1,583)	(542)
Accounts payable	21,121	9,083
Contract liabilities	15,707	2,526
Operating lease liabilities	(3,811)	(4,087)
Accrued and other liabilities	(16,521)	(8,875)
Net Cash Provided by Operating Activities	44,786	23,181
Cash Flows from Investing Activities
Purchases of property and equipment	(6,514)	(9,082)
Proceeds from sale of property and other assets	0	1,979
Proceeds from sale of assets	100	100
Net Cash Used in Investing Activities	(6,414)	(7,003)
Cash Flows from Financing Activities
Borrowings from senior secured revolving credit facility	0	25,000
Repayments of senior secured revolving credit facility	(25,000)	(33,800)
Repayments of term loan	(2,500)	(3,125)
Other financing activities, net	(123)	(193)
Net cash paid upon issuance of common stock under stock plans	(16,234)	(4,082)
Net Cash Used in Financing Activities	(43,857)	(16,200)
Net Decrease in Cash and Cash Equivalents	(5,485)	(22)
Cash and Cash Equivalents at Beginning of Period	45,289	37,139
Cash and Cash Equivalents at End of Period	$ 39,804	$ 37,117

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 04, 2026	Apr. 04, 2026	Dec. 31, 2025	Jun. 28, 2025	Mar. 29, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 39,804		$ 45,289	$ 37,117
Accounts receivable, net of allowance for credit losses of $1,690 and $1,802 at July 4, 2026 and December 31, 2025, respectively	146,918		124,442	118,026
Contract assets	259,666		249,845	219,503
Inventories	191,714		182,788	198,586
Production cost of contracts	6,246		7,178	5,769
Other current assets	17,095		16,442	17,332
Total Current Assets	661,443		625,984	596,333
Property and Equipment, Net of Accumulated Depreciation of $190,526 and $196,508 at July 4, 2026 and December 31, 2025, respectively	105,595		107,223	108,943
Operating Lease Right-of-Use Assets	56,064		40,077	24,358
Goodwill	244,600		244,600	244,600
Intangibles, Net	124,475		132,839	141,215
Deferred Income Taxes	10,085		15,500	5,233
Other Assets	22,292		20,192	18,412
Total Assets	1,224,554		1,186,415	1,139,094
Current Liabilities
Accounts payable	95,575		74,653	84,089
Contract liabilities	56,401		40,694	36,971
Accrued and other liabilities	33,282		51,071	40,042
Operating lease liabilities	6,718		7,817	8,866
Current portion of long-term debt	5,000		5,000	12,500
Total Current Liabilities	196,976		179,235	182,468
Long-Term Debt, Less Current Portion	271,425		298,790	218,084
Non-Current Operating Lease Liabilities	51,651		34,223	16,853
Other Long-Term Liabilities	14,064		12,686	15,929
Total Liabilities	534,116		524,934	433,334
Commitments and Contingencies (Notes 9, 11)
Shareholders’ Equity
Common Stock - $0.01 par value; 35,000,000 shares authorized; 15,099,264 and 14,949,671 shares issued and outstanding at July 4, 2026 and December 31, 2025, respectively	151		149	149
Additional Paid-In Capital	245,823		248,482	240,307
Retained Earnings	436,619		406,304	457,813
Accumulated Other Comprehensive Income	7,845		6,546	7,491
Total Shareholders’ Equity	690,438	$ 669,796	661,481	705,760	$ 692,067	$ 680,122
Total Liabilities and Shareholders’ Equity	$ 1,224,554		$ 1,186,415	$ 1,139,094