Ducommun Profit Falls Even as Sales Rise
Aircraft parts manufacturer Ducommun Inc. said fiscal second-quarter earnings declined slightly as higher operating costs squeezed profit margins.
For the quarter ended in July, the Carson-based company said net income fell 5% to $4.1 million, or 40 cents a share, from $4.3 million, or 42 cents, a year earlier.
Sales rose 8% to $62 million, driven by higher military sales.
Gross profit as a percentage of sales fell to 22.8% from 24.6% in the same quarter last year, because of higher operating costs at Ducommun’s aero-structures and technologies segments.
Shares of Ducommun slid $1.38, or 8%, to $20.64.
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