Ducommun's Sales Slip on Industrial Slowdown PDF Print E-mail
Written by Mike Buetow   
Thursday, 08 November 2012 08:58

LOS ANGELES -- Ducommun LaBarge Technologies reported third-quarter net sales slipped 2.4% to $107.4 million on lower demand for natural resources and industrial end-markets.

Business from the military and commercial aerospace sectors offset some of the drop, the Top 40 EMS company added.

Operating income was $10.5 million, or 9.7% of revenue, up from $7.3 million (6.6% of revenue) in the third quarter 2011 on a better mix of higher margin products. EBITDA was $15.2 million, or 14.1% of revenue, compared with $12 million, or 10.9% of revenue, in 2011.

Overall net income was $5.1 million, up $2.2 million from 2011, excluding pre-tax merger-related expenses of $2.7 million, on $184.1 million in sales.

“Ducommun’s focus on the bottom line again produced tangible results this quarter,” said Anthony J. Reardon, chairman, president and chief executive. “While revenue was flat both year-over-year and sequentially, reflecting some softness in segments outside aerospace and defense, we recorded higher operating performance across a number of fronts driven by better asset utilization and improved product mix. Our margins expanded, cash flow rose, and earnings increased."

The contract assembly segment's net sales for the first nine months of 2012 were $325.3 million, including $160.8 million in revenue attributable to its acquisition of LaBarge, compared with $168.8 million in the prior-year period. Operating income was $29.3 million, versus $12.1 million a year ago. EBITDA was $43.4 million, compared with $18.9 million in the prior-year period.


Check out Board Talk, our new bulletin board: http://theprintedcircuitboard.com



Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.



Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.





CB Login



English French German Italian Portuguese Russian Spanish


Yincae Rolls Out ACP120 Solderable Coating
ACP 120 series anti-oxidation solderable coatings replace nanofilm gold. Are for anti-corrosion and anti-rusting on solderable surfaces on which solder paste, solder preform or a solder ball can be...