Slide 1: Q2 2025 Earnings Call
Q2 2025 Earnings Call Stephen Oswald - Chairman, President and Chief Executive Officer Suman Mookerji – Senior Vice President, Chief Financial Officer Aug 7, 2025
Slide 2: Disclosures
Disclosures Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be preceded by, followed by or include the words “believe,” “continue,” “estimate,” “expect,” “may,
Slide 3: VISION 2027
VISION 2027 Revenue Adj. EBITDA Margin $950 - $1,000M 18% On-track to meet VISION 2027 targets 3
Slide 4: Q2 2025 Recap
Q2 2025 Recap Record quarterly revenue performance with 16% growth in Q2 2025 Defense offsetting weaker Commercial Aerospace Revenue $202.3M Up 3% Gross margins of 26.6%, up 60 bps y-o-y y-o-y GAAP OI Adjusted OI* $17.2M $20M Net Income increased 63% to $12.6 million and from 3.9% Up 1% Up 23% to 6.
Slide 5: Positive revenue growth with resilient defense backlog
Positive revenue growth with resilient defense backlog ($ millions) Revenue Backlog Bookings1 3% 5% 32% $197 $202 $1,068 $1,018 $205 $141 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 5 Backlog of $1,018 million and book-to-bill ratio2 of 0.7 for Q2 2025 1 Bookings defined as orders net of cancell
Slide 6: Reiterating 2025 Full Year Revenue Outlook
Reiterating 2025 Full Year Revenue Outlook Defense growth continues to gather momentum with strength 2025 Revenue Growth in missiles and radars Commercial aerospace destocking impact expected to persist Mid-Single Digit Growth expected to accelerate through to the end of the year with MSD growth in
Slide 7: Tariff Exposure
Tariff Exposure Manufacturing Footprint1 Sales by Region2 USA > 95% USA 85% Europe 7% ROW 4% Mexico < 5% 3 China <3% Canada/ Mexico 2% Tariffs are not expected to have a significant impact on 2025 performance 1 Based on 2024 Revenue by manufacturing location 7 2 Based on 2024 Revenue by ship to coun
Slide 8: Structural Systems Segment Highlights
Structural Systems Segment Highlights ($ millions) Reported YOY Var Adjusted* YOY Var.* Revenue $92.0 -3.7% $92.0 -3.7% Operating income $9.5 -9.7% $11.9 -19.2% 737MAX A220 Operating income 10.4% -70bps 13% -250bps margin • Lower revenue due to commercial aerospace weakness 787 A320 family mainly on
Slide 9: Electronic Systems Segment Highlights
Electronic Systems Segment Highlights ($ millions) Reported YOY Var. Adjusted* YOY Var.* Revenue $110.2 +8.7% $110.2 +8.7% Operating income $21.0 +24.9% $21.4 +24.8% Operating income 19.0% +250 bps 19.4% +250bps margin Defense Primes offloading creating key win opportunities across the Electronic Sy
Slide 10: Restructure Update
Restructure Update • During Q2 2025, Management continued to execute on the restructuring plan for Monrovia, CA and Berryville, AR • All production activity at both Monrovia and Berryville has ceased • Continued progress on certification activity with our customers at receiving plants • Recorded $0.
Slide 11: Q2 2025 Earnings Call
Q2 2025 Earnings Call Stephen Oswald - Chairman, President and Chief Executive Officer Suman Mookerji – Senior Vice President, Chief Financial Officer Aug 7, 2025
Slide 12: Appendix
>) Ducommun Appendix
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures Note Regarding Non-GAAP Financial Information: This presentation contains non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Earnings Per Share and backlog. The Company beli
Slide 14: Non-GAAP Reconciliation for Adjusted EBITDA
Non-GAAP Reconciliation for Adjusted EBITDA ($ millions) Q2 2025 Q2 2024 Var. PY Net Revenues $ 202.3 $ 197.0 $ 5.3 Net Income $ 12.6 $ 7.7 $ 4.8 Interest Expense $ 3.0 $ 4.0 ($1.0) Income Tax Expense $ 3.4 $ 2.2 $ 1.1 Depreciation $ 4.0 $ 4.0 ($0.0) Amortization $ 4.3 $ 4.2 $ 0.1 Stock-Based Compen
Slide 15: Non-GAAP Reconciliation for Adjusted OI
Non-GAAP Reconciliation for Adjusted OI ($ millions) Ducommun Structural Electronic Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Net Revenues $ 202.3 $ 197.0 $ 92.0 $ 95.6 $ 110.2 $ 101.4 GAAP Operating Income $ 17.2 $ 13.9 $ 9.5 $ 10.6 $ 21.0 $ 16.8 Inventory Purchase Accounting Adjustments 1 -
Slide 16: EXPLORE MORE
EXPLORE MORE Visit Ducommun.com