Shares of Ducommun (NYSE:DCO) surged 5.05% in Tuesday's trading session after the aerospace and defense manufacturer reported first-quarter earnings that exceeded analyst expectations. The company's strong performance and optimistic outlook drove investor enthusiasm.
Ducommun announced quarterly adjusted earnings of $0.83 per share, surpassing the analyst consensus estimate of $0.70 by 18.57%. This represents a significant improvement from the same period last year when the company reported earnings of $0.70 per share. Revenue for the quarter came in at $194.11 million, beating the analyst estimate of $191.98 million by 1.11% and showing a 1.71% increase from $190.85 million in the year-ago quarter.
The company's financial results demonstrated robust performance across key metrics. Ducommun reported adjusted EBITDA of $30.9 million, compared to the analyst estimate of $28.3 million. Additionally, adjusted operating income reached $19.2 million, surpassing expectations of $16.6 million. Management expressed confidence in the company's outlook, stating they do not expect significant impacts from tariffs on their financial projections. Ducommun also noted limited supply chain exposure to China and plans to mitigate raw materials tariff exposures, further boosting investor confidence in the company's ability to navigate potential headwinds.
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