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Ducommun (DCO) guidance and outlook
Ducommun (DCO) raised its guidance on Nov 5, 2026: EBITDA +18% for FY2027; Revenue $1.6B–$1.7B for FY2032; Revenue +40% for FY2032; EBITDA margin 23% for FY2032. Ducommun's 10-Q filed Nov 5, 2026 makes 12 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2027 | +18% | raised |
| Revenue | FY2032 | $1.6B–$1.7B | new |
| Revenue | FY2032 | +40% | new |
| EBITDA margin | FY2032 | 23% | new |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- As noted above, Boeing is one of our largest customers, and Boeing, Airbus, and our other customers that are suppliers to the commercial airline industry are being impacted as commercial airline customers are experiencing elevated jet fuel prices due to the conflict in the Middle East, and sustained fuel-cost increases may reduce passenger demand or capacity and affect demand for our products and services.
- Although Ducommun does not, at this time, believe the Executive Order will have a material impact on our business or results of operations, the longer-term ramifications, if any, to Ducommun will depend on a variety of factors including the formulation and implementation of the review criteria in the order, the review timeline, the Secretary of Defense’s mission priorities, and future budget determinations based…
- While we are no longer subject to examination prior to those periods, carryforwards generated prior to those periods may still be adjusted upon examination by the IRS or state taxing authorities if they either have been or will be used in a subsequent period.
- However, we expect the OBBBA to decrease our cash tax liability for 2026.
- We will continue to evaluate the impact of the OBBBA corporate tax provision changes as additional guidance becomes available.
- The Term Sheet provides for, among other things, the final dismissal of the Guaymas fire litigation against us with prejudice and a release of claims against us in exchange for us issuing a payment of $150.0 million, $56.0 million of which at that time was expected to be funded by our insurance carriers.
- The presentation of these measures should not be interpreted to mean that our future results will be unaffected by unusual or nonrecurring items.
- As a result of these limitations, Adjusted EBITDA and the related financial ratios should not be considered as measures of discretionary cash available to us to invest in the growth of our business or as a measure of cash that will be available to us to meet our obligations.
- We expect to spend a total of $20.0 million to $22.0 million for capital expenditures in 2026 financed by cash generated from operations, principally to support new contract awards in Electronic Systems and Structural Systems.
- As part of our strategic plan to become a supplier of higher-level assemblies and win new contract awards, additional up-front investment in tooling will be required for newer programs which have higher engineering content and higher levels of complexity in assemblies.
- We will continue to make prudent acquisitions and capital expenditures for manufacturing equipment and facilities to support long-term contracts for commercial and military aircraft and defense programs.
- Cash generated from operations and bank borrowing capacity is expected to provide sufficient liquidity to meet our obligations during the next twelve months from the date of issuance of these financial statements.
Ducommun's latest quarter
Ducommun, Q3 2026: revenue $227M (+6% year over year), operating margin 11.4%, net earnings $13.9M, operating cash flow $32.7M. The chart follows the revenue to costs, profit and cash.
Questions
Did Ducommun raise or lower its guidance?
Ducommun (DCO) raised its guidance on Nov 5, 2026: EBITDA +18% for FY2027; Revenue $1.6B–$1.7B for FY2032; Revenue +40% for FY2032; EBITDA margin 23% for FY2032.
What does Ducommun expect?
As noted above, Boeing is one of our largest customers, and Boeing, Airbus, and our other customers that are suppliers to the commercial airline industry are being impacted as commercial airline customers are experiencing elevated jet fuel prices due to the conflict in the Middle East, and sustained fuel-cost increases may reduce passenger demand or capacity and affect demand for our products and services. Although Ducommun does not, at this time, believe the Executive Order will have a material impact on our business or results of operations, the longer-term ramifications, if any, to Ducommun
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.