Ducommun Incorporated’s (DCO) CEO Steve Oswald On Q2 2019 Results – Earnings Call Transcript
Good afternoon, ladies and gentlemen and welcome to Ducommun Second Quarter Earnings 2019 Earnings Conference Call. At this right time, all participants are in a listen-only mode. Later we will perform a question-and-answer program and instructions will get at that right time. As a reminder, this conference call is being recorded. I’d now like to turn the meeting to your sponsor Mr. Chris Witty you may begin.
Thank you and welcome to Ducommun’s 2019 second quarter conference call. Today is Steve Oswald With me, Chairman, President, and CEO; and Chris Wampler, Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer. I’m going to go over certain limitations to any forward-looking statements regarding future events, performance, or projections that we may make through the ready remarks or the Q&A session that comes after. Today, that aren’t historical facts Certain statements, including any statements as to future market conditions, results of operations and financial projections are forward-looking statements under the Federal Private Securities Litigation Reform Act of 1995 and therefore are prospective.
These forward-looking claims are subject to risks, uncertainties, and other factors that could cause actual results to vary materially from the near future results expressed or implied by such forward-looking statements. Although we believe that the expectations shown inside our forward-looking statements are reasonable, we can provide no assurances to such goals will end up being appropriate. Furthermore, estimates of future operating results are predicated on the company’s current business, which is at the mercy of change.
Particular dangers facing Ducommun include, amongst others, the cyclicality of our end-use markets, the known degree of US federal government defense spending, regulatory and legal risks, management changes, the expense of extension and acquisitions, and competitions. These risks yet others are described inside our Annual Report on Form 10-K submitted with the SEC and our forward-looking claims are subject to those risks.
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Statements made during this call are only as of the time made and we do not intend to update any claims manufactured in this demonstration or call except if and as required by regulatory specialists. This call includes non-GAAP financial procedures. Please, make reference to our filings with the SEC for a reconciliation of the non-GAAP measures referenced on this call to the most similar GAAP measures. We filed our Form 10-Q with the SEC today and you will find a link to all or any of our filings on the company’s website under the Investor Relations tab. I would now like to switch the call to Mr. Steve Oswald for an assessment of the operating results.
Thanks you Chris and thanks everyone who is joining us today for our second one-fourth conference call. As usual I’ll begin by providing an update on recent developments of the ongoing company, after which Chris Wampler our Interim CFO will review our financial results at length. The second quarter was a different one of achievements for Ducommun as we continued to benefit from strong business execution, growth on key platforms, a diversified customer foundation and sturdy product demand. 180.5 million driven by higher delivery across a variety of large, small-body platform such as the Boeing 737 MAX, Airbus A320 family as well as JSF, Raytheon missile platforms and the Apache helicopter program.