Ducommun Incorporated (NYSE:DCO) Q3 2024 Results Conference Call November 7, 2024 1:00 PM ET

Company Participants

Suman Mookerji - Vice President and Chief Financial Officer
Steve Oswald - Chairman, President and Chief Executive Officer

Conference Call Participants

Mike Crawford - B. Riley Securities
Jason Gursky - Citi
Michael Ciarmoli - Truist Securities

Operator

Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Ducommun Earnings Conference Call At this time, all participants are in a listen-only mode. After the speakers’ 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, Vice President and Chief Financial Officer. Please go ahead.

Suman Mookerji

Thank you, and welcome to Ducommun's 2024 Third Quarter Conference Call. With me today is Steve Oswald, Chairman, President and Chief Executive Officer.

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 level of U.S. government defense spending, our customers may experience delays in the launch and certification of new products, 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 or high interest rates, 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.

Please refer to our annual report on Form 10-K, quarterly reports on Form 10-Q and other reports filed from time to time with the SEC as well as the press release issued today for a detailed discussion of the risks. 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. The 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 Q3 2024 quarterly report on Form 10-Q with the SEC today.