Ducommun Incorporated (NYSE:DCO) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET

Company Participants

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

Steve Oswald - Chairman, President & Chief Executive Officer

Conference Call Participants

Pete Osterland - Truist Securities

Mike Crawford - B. Riley Securities

Operator

Good day and thank you for standing by. Welcome to the Q1 2022 Ducommun Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Chris Wampler, Vice President, Chief Financial Officer, Controller and Treasurer.

Chris Wampler

Thank you and welcome to Ducommun 2022 first quarter conference call. With me today is Steve Oswald, Chairman, President and CEO.

I'm going to discuss certain limitation 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, amongst other things, the cyclicality of our end-use markets, the impact of COVID-19 on our operations or customers, the level of U.S. government defense spending, timing of orders from our customers, legal and regulatory risks, management changes, the cost of expansion and acquisition, competition, 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 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 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 first quarter Form 10-Q with the SEC today.