Ducommun Incorporated (NYSE:DCO) Q3 2022 Results Conference Call November 7, 2022 1:00 PM ET

Company Participants

Chris Wampler - Vice President, Chief Financial Officer, Controller and Treasurer

Steve Oswald - Chairman, President and CEO

Conference Call Participants

Ken Herbert - RBC Capital Markets

Mike Crawford - B. Riley

Michael Ciarmoli - Truist

Operator

Good day, ladies and gentlemen. And welcome to the Ducommun’s Third Quarter Conference Call. At this time, all participants are in a listen only mode. Following management's prepared remarks we’ll hold a question-and-answer session [Operator Instructions]. As a remainder, this conference is being recorded today November 7, 2022.

I would now like to turn the conference over to Ducommun's Vice President, Chief Financial Officer, Controller and Treasurer, Chris Wampler. Please begin.

Chris Wampler

Thank you, and welcome to Ducommun's 2022 third quarter conference call. With me today is Steve Oswald, Chairman, President and CEO. I'm 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 impact of COVID-19 on our operations or customers, the level of US government defense spending, timing of orders from our customers, legal and regulatory risks, the cost of expansion and acquisitions, competition, economic and geopolitical developments 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 the call are only as of the time made, and we do not intend to update any statements made in this presentation, except if and as 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 to non-GAAP measures referenced on this call. We filed our 2022 third quarter Form 10-Q with the SEC today.