v3.25.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 28, 2025
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Six Months Ended
June 28,
2025
June 29,
2024
Interest paid, net$4,191 $7,372 
Taxes paid, net$1,523 $4,001 
Non-cash activities:
     Purchases of property and equipment not paid$309 $479 
Schedule of Weighted Average Number of Shares Outstanding Used to Compute Earnings Per Share
The net income and weighted-average common shares outstanding used to compute earnings per share were as follows:
(Dollars in thousands,
except per share data)
(Dollars in thousands,
except per share data)
Three Months EndedSix Months Ended
 June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Net income$12,553 $7,724 $23,064 $14,573 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding14,938 14,775 14,898 14,735 
Dilutive potential common shares278 186 298 219 
Diluted weighted-average common shares outstanding15,216 14,961 15,196 14,954 
Earnings per share
Basic$0.84 $0.52 $1.55 $0.99 
Diluted$0.82 $0.52 $1.52 $0.97 
Schedule of Weighted Average Number of Shares Outstanding Excluded from Computation of Diluted Earnings
Potentially dilutive stock awards, as shown below, were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. However, these awards may be potentially dilutive common shares in the future.
(In thousands)(In thousands)
Three Months EndedSix Months Ended
 June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Stock options and stock units— 51 56 
Schedule of Estimates at Completion
Net cumulative favorable (unfavorable) catch-up adjustments to contracts had the following impact on our operating results:
(Dollars in thousands)(Dollars in thousands)
Three Months EndedSix Months Ended
 June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Total net revenues$(1,016)$387 $(125)$(1,548)
Operating income$(1,016)$387 $(125)$(1,548)
Schedule of Contract with Customer, Asset and Liability
Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
June 28,
2025
December 31,
2024
Contract assets$221,046 $200,584 
Contract liabilities$36,971 $34,445 
Schedule of Disaggregation of Revenue
In addition to the revenue categories disclosed above, the following table reflects our revenue disaggregated by major end-use market:
(Dollars in thousands)(Dollars in thousands)
Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Consolidated Ducommun
Military and space$117,056 $100,538 $230,572 $199,467 
Commercial aerospace
77,674 86,643 149,375 166,560 
Industrial7,530 9,819 16,427 21,820 
Total$202,260 $197,000 $396,374 $387,847 
Electronic Systems
Military and space$83,790 $69,987 $168,562 $142,492 
Commercial aerospace18,908 21,634 34,985 44,667 
Industrial7,530 9,819 16,427 21,820 
Total$110,228 $101,440 $219,974 $208,979 
Structural Systems
Military and space$33,266 $30,551 $62,010 $56,975 
Commercial aerospace58,766 65,009 114,390 121,893 
Total$92,032 $95,560 $176,400 $178,868