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Ducommun Q1: Strong Growth in Aerospace & Defense
Description
Ducommuns Q1 results show robust growth, with revenue up nearly 8% to $209 million, beating Wall Street expectations. Commercial aerospace and missile programs drive this growth, with commercial aerospace surging 18% and missile programs up 22%. Management is optimistic about increased production rates and cost savings from facility consolidations. Ducommun anticipates this momentum to continue, focusing on growing their engineered products segment and navigating inventory adjustments.
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