Filing Flows › Ducommun (DCO) › Q1 2025
Ducommun (DCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ducommun (DCO) reported revenue of $192M for the first quarter 2025 (Q1 2025), +0.4% from a year earlier and -2% from the quarter before. Operating margin was 2.6%, net earnings $1.4M (0.7% of revenue).
Ducommun, Q1 2025: revenue $192M (+0.4% year over year), operating margin 2.6%, net earnings $1.4M, operating cash flow $771K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $192M | -2% | +0.4% |
| Gross profit | $50.5M | +9% | +7% |
| Operating profit | $5.0M | -54% | -61% |
| Net earnings | $1.4M | -79% | -78% |
| Operating cash flow | $771K | -96% | — |
What changed
Revenue was $192.5M in Q1 2025, roughly flat year over year and down 2% from the previous quarter.
Gross margin was 26.2%, up 1.7 points from a year earlier. Operating profit was $5.0M, a 2.6% margin (down 4.0 points year over year). Operating profit fell $7.7M even though revenue rose $774K versus a year earlier, so costs grew faster than sales. Operating expenses grew 32% against flat revenue. The fastest-growing cost line was SG&A (+36%). Net earnings were $1.4M, down 78% year over year. The effective tax rate was 18.1%.
Operating cash flow was $771K, 55% of net earnings. Non-cash charges added back $8.6M of depreciation and amortization and $15.7M of share-based compensation. Working capital and other items used $24.9M. Capital expenditures of $4.8M exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Ducommun's revenue in the first quarter 2025?
Ducommun (DCO) reported revenue of $192M for the first quarter 2025 (Q1 2025), +0.4% from a year earlier and -2% from the quarter before.
Was Ducommun profitable in the first quarter 2025?
Operating profit was $5.0M (2.6% of revenue) and net earnings $1.4M.
Source: Ducommun 10-Q on SEC EDGAR.