Shares in Ducommun Gain After Earnings

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Ducommun Inc. reported double-digit increases in profits and sales Monday thanks mainly to strong commercial sales and a broadening customer base, the company said.


Ducommun reported net income of $4.6 million (44 cents per share), a 44 percent jump from $3.2 million (31 cents) for the same period a year earlier.


Sales for the Los Angeles-based aircraft parts maker rose 18 percent to $91 million, thanks to healthy aerospace market as well as internal growth, the company said.


Shares in Ducommun closed up 26 cents to $26.70 and continued to gain another 91 cents, or 3.4 percent, to $27.61 in after-hours trading Monday on the New York Stock Exchange.


To read the Business Journal’s Q & A; with Ducommun’s Chief Executive Joseph Berenato from this week’s issue, click

here

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