The aerospace components maker reported stronger-than-expected results driven by higher commercial aerospace demand.
Ducommun posted first-quarter non-GAAP earnings per share of $0.75, exceeding estimates by $0.03, as revenue rose 9% year-over-year to $209 million. The top line also surpassed expectations by $9.18 million.
Revenue growth was fueled by a $12.5 million increase in commercial aerospace markets, attributed to higher production rates for large aircraft and rotary-wing programs. The company’s performance reflects continued recovery in aerospace demand.
Shares showed limited immediate reaction in after-hours trading.