Ducommun (DCO) Investor presentation summary

Strategic vision and business evolution

• Transitioned from a metals supplier to a diversified aerospace and defense manufacturer, with a focus on engineered products and proprietary technologies since the 2000s.

• VISION 2027 roadmap targets higher engineered product content and aftermarket revenues, aiming for 25%+ engineered products and 15%+ aftermarket by 2027.

• Strategic acquisitions have expanded the portfolio, increasing aftermarket mix and proprietary product offerings.

Financial performance and growth

• Market capitalization grew from $286M in 2016 to $1.4B in Q3 2025, with enterprise value rising to $1.6B.

• Net revenues increased 46% since 2016, reaching $806M LTM Q3 2025; adjusted EBITDA margin improved from 10% to 16%.

• Leverage ratio reduced from 3.0 in 2016 to 1.5 in Q3 2025, reflecting stronger financial health.

Business segments and product mix

• Electronic Systems accounted for 55% of 2024 revenue, focusing on ruggedized electronics and assemblies with a 21% EBITDA margin.

• Structural Systems contributed 45% of 2024 revenue, specializing in engineered aerostructure components with a 15% EBITDA margin.

• Diverse product content spans military, commercial, and business aircraft, with 58% of revenue from military and space markets.