Ducommun (DCO) Investor presentation summary

Strategic vision and business evolution

• Transitioned from a metals supplier to a diversified aerospace and defense engineered products company, with a focus sharpened since 2017 and a VISION 2027 roadmap guiding growth post-pandemic.

• VISION 2027 targets $950M–$1B in net revenues by 2027, with a 6–7% CAGR and a business mix of 55–60% defense and 40–45% commercial aerospace.

• Emphasis on expanding proprietary engineered product content and aftermarket revenues, aiming for 25%+ engineered products and 15%+ aftermarket by 2027.

Financial performance and outlook

• LTM Q2 2025 revenue reached $795M, with adjusted EBITDA margin at 15.4% and backlog at $1.02B.

• Market capitalization grew 350% since 2016, with adjusted EBITDA up 121% and leverage ratio reduced to 1.7x.

• VISION 2027 projects adjusted EBITDA margin at ~18% and operating income margin up ~45% from 2022 levels.

Business segments and product portfolio

• Electronic Systems accounted for 55% of 2024 revenue, focusing on ruggedized electronics, wire harnesses, and circuit cards; Structural Systems made up 45%, specializing in aerostructure components and assemblies.

• Proprietary products include magnetic seals, ammunition handling systems, aerodynamic systems, lightning protection, and thermoplastic extrusions, with significant sole-source positions and growing aftermarket content.