Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 27, 2025

Schedule of Cash Flow, Supplemental Disclosures

Supplemental Cash Flow Information


	(Dollars in thousands)
	Nine Months Ended
	September 27, 2025		September 28, 2024
Interest paid, net	$	6,728	$	9,452
Taxes paid, net	$	2,096	$	8,194
Non-cash activities:
Purchases of property and equipment not paid	$	573	$	674

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 Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Net (loss) income	$	(64,446)	$	10,148	$	(41,382)	$	24,721
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	14,978		14,806		14,925		14,758
Dilutive potential common shares	—		233		—		223
Diluted weighted-average common shares outstanding	14,978		15,039		14,925		14,981
(Loss) earnings per share
Basic	$	(4.30)	$	0.69	$	(2.77)	$	1.68
Diluted	$	(4.30)	$	0.67	$	(2.77)	$	1.65

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)

Three Months Ended

Nine Months Ended

September 27,
2025

September 28,
2024

September 27,
2025

September 28,
2024

Stock options and stock units

385

344

Schedule of Estimates at Completion

Net cumulative (unfavorable) favorable catch-up adjustments to contracts had the following impact on our operating results:


	(Dollars in thousands)				(Dollars in thousands)
	Three Months Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Total net revenues	$	(515)	$	(1,054)	$	(640)	$	(2,602)
Operating income	$	(515)	$	(1,054)	$	(640)	$	(2,602)

Schedule of Contract with Customer, Asset and Liability

Contract assets and contract liabilities from revenue contracts with customers are as follows:


	(Dollars in thousands)
	September 27, 2025		December 31, 2024
Contract assets	$	248,402	$	200,584
Contract liabilities	$	34,450	$	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 Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Consolidated Ducommun
Military and space	$	125,569	$	111,402	$	356,141	$	310,869
Commercial aerospace	76,539		84,626		225,914		251,186
Industrial	10,450		5,384		26,877		27,204
Total	$	212,558	$	201,412	$	608,932	$	589,259

Electronic Systems
Military and space	$	93,639	$	85,433	$	262,201	$	227,925
Commercial aerospace	18,993		24,595		53,978		69,262
Industrial	10,450		5,384		26,877		27,204
Total	$	123,082	$	115,412	$	343,056	$	324,391

Structural Systems
Military and space	$	31,930	$	25,969	$	93,940	$	82,944
Commercial aerospace	57,546		60,031		171,936		181,924
Total	$	89,476	$	86,000	$	265,876	$	264,868