Ducommun Inc Reports Q3 2026 Revenue Growth Driven by Commercial Aerospace and Record Backlog
Ducommun Inc (DCO) reported third-quarter 2026 results characterized by a 6% year-over-year increase in net revenue to $227.0 million, fueled largely by a 28% surge in commercial aerospace revenue. The company achieved a record gross margin of 28.9%, benefiting from facility consolidation synergies and strategic pricing. A significant highlight was the reaching of an all-time high in Remaining Performance Obligations (RPO) at $1.3 billion. While military and space revenue saw a 7% decline due to order timing, the company's defense book-to-bill ratio remains exceptionally strong at 2.2. Management also introduced long-term 'Vision 2032' targets, aiming for annual revenues of $1.6 billion to $1.7 billion and an adjusted EBITDA margin of 23%. Despite some segment volatility and potential legal contingencies related to a facility fire, the company is currently on track to meet its Vision 2027 profitability goals ahead of schedule.
Tickers: $DCO
Topics: aerospace and defense book-to-bill ratio financial guidance gross margin revenue growth