Ducommun Reports Strong Earnings

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Shares in Ducommun Inc. gained more than 5 percent Monday after the L.A. aerospace company reported strong first-quarter results.


Ducommun reported net income of $5.3 million (49 cents per share), a 36 percent increase from $3.8 million (37 cents) in the same period a year earlier. The results beat Wall Street’s expectations of 44 cents per share, according to a poll conducted by Thomson Reuters.


Sales rose 13 percent to $98.7 million, also beating analysts’ predictions of $96.2 million.


The company said that the an improvement in operating performance and a decrease in interest expense due to lower debt and lower interest rates helped push profit and sales. Ducommun supplies components to the aerospace industry.


Shares were up 5.2 percent to $34.07 in early trading Monday.

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