Commercial aerospace drives quarterly revenue growth, while military and space dominate net bookings. Customer advances support cash generation as Ducommun reduces debt.
The company's release labels its ratio non-GAAP: bookings, net is period-ending RPO plus revenue recognized in the period less prior-period ending RPO, divided by net revenues. The 1.4 is for the quarter, not trailing twelve months.
First takes
No TGOs first take for this quarter.
No official call questions and answers available here for this quarter.