Ducommun, Inc. (NYSE:DCO) Q4 2023 Results Conference Call February 15, 2024 1:00 PM ET

Company Participants

Steve Oswald - Chairman, President & CEO

Suman Mookerji - SVP, CFO

Conference Call Participants

Griffin Boss - B. Riley Securities

Michael Ciarmoli - Truist Securities

Operator

Good day, and thank you for standing by. Welcome to the Q4 2023 Ducommun's Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Suman Mookerji, Senior Vice President and Chief Financial Officer. Please go ahead.

Suman Mookerji

Thank you, and welcome to Ducommun's 2023 fourth quarter conference call. With me today is Steve Oswald, Chairman, President and CEO. 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 remarks 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 US government defense spending, our customers may experience delays in launch and certification of new product, 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 higher interest rate, the ability to attract and retain key personnel and avoid labor disruptions, the ability to adequately protect and enforce intellectual property rights, pandemics, disasters, natural or otherwise and risk of cybersecurity attacks.

These risks and others will be described in our annual report on form 10-K, once it is 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.