Ducommun to Further Delay Release of Earnings
March 31 2015 - 4:03PM
Business Wire
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”)
today announced that it needs to further postpone its 2014 fourth
quarter and year-end earnings announcement and conference call,
currently scheduled for today, Tuesday March 31, 2015.
On March 16, 2015, the Company filed a Form 12b-25 with the
Securities and Exchange Commission to explain that Ducommun would
be unable to file its Form 10-K for the fiscal year ended December
31, 2014 within the prescribed timeframe because additional time
was required to complete its 2014 financial statements. At that
time, the Company expected to be able to file its Form 10-K by
March 31, 2015 (the fifteenth calendar day following the prescribed
due date), but that is no longer possible as the Company requires
further time to complete its financial statements.
As previously reported, the Company discovered certain errors in
the reported financial results for certain prior periods. Ducommun
anticipates that the correction of these errors generally will
result in an increase in the Company’s net income for such periods.
The Company’s assessment of these matters is ongoing and subject to
additional review. Ducommun expects to announce its 2014 fourth
quarter and year-end results as soon as practical and will issue a
conference call advisory announcing the timing for the earnings
release and conference call upon the finalization of the financial
statements and audit completion.
About Ducommun
Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other
industries through a wide spectrum of electronic and structural
applications. The company is an established supplier of critical
components and assemblies for commercial aircraft and military and
space vehicles as well as for the energy market, medical field, and
industrial automation. It operates through two primary business
units – Ducommun AeroStructures (DAS) and Ducommun LaBarge
Technologies (DLT). Additional information can be found at
www.ducommun.com.
Ducommun IncorporatedJoseph P. BellinoVice President and Chief
Financial Officer(310) 513-7211orChris WittyInvestor Relations(646)
438-9385cwitty@darrowir.com
Ducommun (NYSE:DCO)
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