Ducommun Incorporated: Q4 and Full Year 2024 Financial Results
SANTA ANA, Calif., Feb. 27, 2025 – Ducommun Incorporated (NYSE: DCO), a leading provider of engineering and manufacturing services, reported its financial results for the fourth quarter and fiscal year ended December 31, 2024. The company’s quarterly revenue came in at $165.3 million, representing a 5.4% increase from the same period in the previous year. The net income for the quarter was $11.5 million, up from $8.2 million in Q4 2023.
Fourth Quarter Highlights
Ducommun’s fourth quarter revenue growth was driven by strong demand in its Aerospace & Defense and Industrial segments. The Aerospace & Defense segment accounted for 69% of the total revenue, with sales increasing by 6.3% year-over-year. The Industrial segment contributed 31% to the total revenue, with sales up by 6.7% compared to the same quarter in 2023.
Full Year 2024 Results
Ducommun’s full-year revenue reached $612.6 million, a 4.7% increase from 2023. The net income for the year was $38.4 million, up from $33.8 million in 2023. The company’s strong financial performance was attributed to continued growth in its Aerospace & Defense and Industrial segments.
Impact on Consumers
Ducommun’s financial success may not have an immediate impact on individual consumers. However, the company’s work in the Aerospace & Defense industry plays a crucial role in the development and production of various aircraft and spacecraft. As Ducommun continues to grow and innovate, it contributes to advancements in the aviation and space industries, which can lead to more efficient, eco-friendly, and technologically advanced aircraft and space vehicles in the future. This, in turn, can lead to better travel experiences and lower fares for consumers.
Impact on the World
Ducommun’s strong financial performance and continued growth in the Aerospace & Defense and Industrial segments can have several positive impacts on the world. For instance, the company’s contributions to the aerospace industry can lead to advancements in space exploration and satellite technology, which can improve global communication, weather forecasting, and Earth observation. Additionally, the company’s work in the Industrial sector can lead to more efficient manufacturing processes and the development of innovative products, driving economic growth and creating jobs.
Conclusion
Ducommun Incorporated’s strong fourth-quarter and full-year 2024 financial results reflect the company’s continued growth and success in the Aerospace & Defense and Industrial segments. While the financial results may not have an immediate impact on individual consumers, Ducommun’s contributions to the aviation and space industries can lead to better travel experiences and more efficient, eco-friendly, and technologically advanced aircraft and spacecraft. Furthermore, the company’s work in the Industrial sector can drive economic growth and create jobs. As Ducommun continues to innovate and grow, it is poised to make significant contributions to the world in various industries, ultimately benefiting society as a whole.
- Ducommun reported Q4 and full-year 2024 financial results, with revenue up 5.4% and 4.7% YoY, respectively.
- Strong demand in Aerospace & Defense and Industrial segments drove growth.
- Ducommun’s contributions to Aerospace & Defense can lead to advancements in aviation and space industries.
- Impact on consumers: potential for more efficient, eco-friendly, and technologically advanced aircraft and spacecraft.
- Impact on the world: economic growth, job creation, advancements in space exploration and satellite technology.
