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Ducommun, Inc. (DCO) CEO Stephen Oswald on Q2 2018 Results - Earnings Call Transcript

Aug. 06, 2018 11:04 PM ETDucommun Incorporated (DCO)
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Ducommun, Inc. (NYSE:DCO) Q2 2018 Earnings Conference Call August 6, 2018 5:00 PM ET


Chris Witty - IR

Stephen Oswald - Chairman, President & CEO

Douglas Groves - VP, CFO & Treasurer


Edward Marshall - Sidoti & Company

Michael Crawford - B. Riley FBR, Inc.

Benjamin Klieve - NOBLE Capital Markets


Good day, ladies and gentlemen, and welcome to the Second Quarter 2018 Ducommun Conference Call. [Operator Instructions]. As a reminder, today's conference is being recorded. I would now like to turn the call over to the Investor Relations Advisor. Sir, you may begin.

Chris Witty

Thank you, and welcome to Ducommun's 2018 Second Quarter Conference Call. With me today are Steve Oswald, Chairman, President and CEO; and Doug Groves, Vice President, Chief Financial Officer and Treasurer. 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 for the question-and-answer -- or the question-and-answer session that follows. Certain statements today that are not historical facts, including any statements as to future market conditions, results of operations, or restructuring plans and financial projections, are forward-looking statements under the Federal Private Securities Litigation Reform Act of 1995 and, therefore, our perspective.

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 be 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, legal and regulatory risks, management

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