Ducommun Incorporated (NYSE:DCO) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET

Company Participants

Suman Mookerji - Senior Vice President, Chief Financial Officer, Controller and Treasurer

Steve Oswald - Chairman, President and Chief Executive Officer

Conference Call Participants

Ken Herbert - RBC Capital Markets

Jason Gursky - Citi

Mike Crawford - B. Riley Securities

Michael Ciarmoli - Truist

Operator

Good day and thank you for standing by. Welcome to the Second Quarter 2023 Ducommun’s Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to Ducommun’s Senior Vice President, Chief Financial Officer, Controller and Treasurer, Suman Mookerji. Please go ahead.

Suman Mookerji

Thank you and welcome to Ducommun’s 2023 second quarter conference call. With me today is Steve Oswald, Chairman, President and Chief Executive Officer. I am going to discuss certain limitations to any forward-looking statements regarding future events, projections or performance that we may make during the prepared remarks or the Q&A Session that follows.

Certain statements today that are not historical facts, including any statements as to future market conditions, results of operations and financial projections are forward-looking statements under the Private Securities Litigation Reform Act of 1995 and are therefore, prospective. These forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. In addition, estimates of future operating results are based on the company’s current business, which is subject to change.

Particular risks facing Ducommun include, among others, the cyclicality of our end-use markets, the level of U.S. government defense spending, timing of orders from our customers, legal and regulatory risks, the cost of expansion and acquisitions, competition, economic and geopolitical developments including supply chain issues and rising interest rate, pandemics and disasters, natural or otherwise. These risks and others are described in our annual report on Form 10-K filed with the SEC and our forward-looking statements are subject to those risks. Statements made during this call are only as of the time made and we do not intend to update any statements made in this presentation, except if and required by regulatory authorities.

This call also includes non-GAAP financial measures. Please refer to our filings with the SEC for a reconciliation of the GAAP and non-GAAP measures referenced on this call. We filed our Q2 2023 quarterly report on Form-10Q with the SEC today.