‹ Browse★ Saved
📱 Tech & Apps
Ducommun
(DCO ↗)
ducommun.com ↗
Ducommun is a tier-2 aerospace and defense supplier with a *176-year history* — the oldest company in California still operating. It makes electronic and structural components for Boeing 737 MAX, Airbus A220, F-35 fighters, and Patriot missiles. The company is in year four of *VISION 2027*, a margin-expansion plan targeting 18% adjusted EBITDA — and Q1 2026's results say the plan is finally working.
Updated · Q1 2026 · May 2026
6
Chapters
~17
Min read
~$840M / yr revenue · ~2,130 employees · public since 1936
🌶️🌶️🌶️🌶️
Spice: Ghost (5/5)
More filled = spicier (more aggressive), not "better." Tap a row to see what it means.
What is spice?
Your progress
0 of 6
1
Growth
~3 min
Record Q1 Revenue
Q1 revenue hit a *record $209 million.* Commercial aerospace was the engine.
›
2
Financial Health
~3 min
From GAAP Loss to GAAP Profit
FY2025 was a *$36M operating loss.* Q1 2026 swung to *$15.7M profit.* Margin expansion is showing up.
›
3
Moat
~3 min
176 Years of Sole-Source
Ducommun is on the *Patriot missile.* It's on *every F-35.* Those positions don't churn.
›
4
Management
~3 min
An Operator with a Plan
*Stephen Oswald* has run Ducommun since 2017 and authored VISION 2027. The CFO has been in seat through the turn.
›
5
Behind the Numbers
~2 min
The Story Behind the Numbers
Record Q1. Margin expanding. Patriot ramping. Eight threads to weigh together.
›
6
Risk
~3 min
Concentration, Cycles, and Compliance
Ducommun's risks are *customer concentration,* *production-rate cycles,* and *control disclosure.*
↻ Next update · Aug 11
est. Aug 11, 2026 · Q2 2026 · Ducommun IR ↗
›
✦ Reader takes on Ducommun
0 comments
Drop your read. See how others are calling this brief.
No one's weighed in yet. Be the first.
↗ Share Ducommun
↻ The read keeps updating
You're reading the 6 opening chapters. After that, every time Ducommun files a new report, the chapters get updated here.