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 mix by 2027.

• Strategic acquisitions have expanded the portfolio, including key businesses in magnetic seals, ammunition handling, aerodynamic systems, and thermoplastics.

• Streamlined operations and sharpened M&A strategy since 2017 to focus on aerospace and defense.

Financial performance and outlook

• Market capitalization grew from $286M in 2016 to $1.9B in Q1 2026, with enterprise value rising to $2.2B.

• Net revenues increased 53% since 2016, reaching $841M in LTM Q1 2026; Adjusted EBITDA margin improved from 10% to 17%.

• VISION 2027 targets $950M–$1B in net revenues and 18% adjusted EBITDA margin by 2027.

• Remaining performance obligations (RPO) at $1.07B as of Q1 2026.

Business segments and product mix

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