Ducommun (DCO) Investor presentation summary

Strategic vision and growth trajectory

• Pursuing VISION 2027, targeting $950M–$1B in net revenues and 18% adjusted EBITDA margin by 2027, with a focus on engineered products and aftermarket growth.

• Expanding proprietary product portfolio through targeted acquisitions and innovation in niche aerospace and defense segments.

• Transitioning to higher engineered product content and increasing aftermarket revenue mix, aiming for 25% engineered products and 15% aftermarket by 2027.

• Demonstrated M&A execution, with several acquisitions enhancing product offerings and market reach.

• Streamlined operations and facility consolidation to drive cost reductions and margin expansion.

Financial performance and outlook

• Market capitalization grew from $286M in 2016 to $1.4B in 2025, with enterprise value rising to $1.7B.

• Net revenues increased 50% from $551M in 2016 to $825M in 2025; adjusted EBITDA margin improved from 10% to 16%.

• Backlog and remaining performance obligations at year-end 2025 were $1.2B and $1.1B, respectively.

• Leverage ratio improved to 2.0x in 2025, reflecting stronger financial health.

• Non-GAAP measures such as adjusted EBITDA are used to provide supplemental insight into operational trends.

Business segments and customer base

• Electronic Systems accounted for 56% of 2025 revenue, focusing on ruggedized electronics and assemblies with a 21% margin.

• Structural Systems contributed 44% of 2025 revenue, specializing in engineered aerostructure components with a 19% margin.

• Diverse customer base includes major aerospace and defense primes such as Boeing, Airbus, Lockheed Martin, RTX, and Northrop Grumman.

• Significant content on key commercial and military platforms, including Boeing 737MAX, 787, Airbus A320, and various missile and radar systems.