Ducommun (DCO) Investor presentation summary

Company overview and history

• Founded in 1849, evolved from a watch business to a leading aerospace and defense supplier with a 175-year legacy.

• Strategic focus sharpened in 2017, emphasizing aerospace and defense and defining an M&A strategy.

• Expanded into engineered products through acquisitions and launched the Vision 2027 roadmap post-pandemic.

Business segments and product offerings

• Operates two main segments: Electronic Systems (55% of 2024 revenue) and Structural Systems (45%).

• Electronic Systems include ruggedized electronics, circuit cards, interconnects, and cockpit panels for aerospace and defense.

• Structural Systems provide titanium forming, composite nacelle components, and large aluminum structures for aircraft and missiles.

• Diverse content across commercial and military aircraft, missiles, ground vehicles, and space platforms.

Financial performance and market position

• FY 2024 revenue reached $787M with an adjusted EBITDA margin of 14.8%.

• Backlog at Q4 2024 was $1.061B, reflecting strong demand across end markets.

• Market capitalization at year-end 2024 was $941M, with enterprise value at $1.1B.

• Net revenues grew 43% from 2016 to 2024, with adjusted EBITDA up 110% over the same period.