Ducommun

History

Ducommun was established in 1849 by Charles Louis Ducommun who was born in France and moved to Switzerland, where he and his 12 siblings were raised. A watchmaker by trade, Charles emigrated to the United States in the early 1840s, and opened a watchmaking business in New York City. To escape the populated city, he moved his business south and eventually embarked on a grueling journey from Fort Smith Arkansas, along the Santa Fe Trail, to California, lured by the discovery of gold in the area. Charles traveled on foot for the nine-month journey encountering harsh weather, starvation, illness and other threats. Charles arrived in Los Angeles in 1849 and opened a watch store. Over the next several decades, the business became a general store for miners and ranchers, then a hardware store catering to Los Angeles’s many growth industries including construction and oil exploration.

In 1896, Charles L. Ducommun died at the age of 76, leaving the business to his four sons, Charles Albert, Alfred, Emil, and Edmond. Under their leadership, the business was incorporated as Ducommun Hardware Company and primarily served as a metals distributer. Most notably, Ducommun backed early aircraft designer Donald Douglas with a line of credit, supplying metals and tools to the aviation industry, which was then in its infancy. During World War I, Ducommun was able to significantly expand its metals supply business, feeding copper, brass and steel to the emerging defense industry for shipbuilding and munitions.

In 1942, Ducommun again rebranded and became known as Ducommun Metals & Supply Co. When the United States entered World War II, Ducommun’s large inventory of stainless steel and carbon steel fed the production of bomber and fighter aircraft as well as military ships that were used in both the European and Pacific theaters. By 1949, Ducommun was recognized as the leading metal materials distributor in the West. Over the next 15 years, Ducommun diversified to support the needs of an aircraft industry that was rapidly incorporating more electronic components. The 1980s were years of restructuring and change for Ducommun and the industry overall. Both the metals and electronics distribution businesses were sold as the Company reoriented itself to become a member of the aerospace industry supply chain. Over the following decades, Ducommun’s growth was fueled by major contract wins with McDonnell-Douglas, Boeing, and key space platforms.

Ducommun Today

In 2017, Stephen G. Oswald was named President and CEO of Ducommun, and was appointed Chairman of the Board in 2018. Oswald immediately streamlined the organization, sharpening Ducommun’s strategic focus on A&D. The Company began its expansion into aftermarket products and services through five strategic acquisitions in Oswald’s first five years with the organization. In December 2022, Ducommun announced ‘Vision 2027’ to investors, outlining its strategy to increase revenue from engineered products and aftermarket content, expanding the Company’s presence on key commercial aerospace platforms, executing its off-loading strategy with defense primes and consolidating its facility footprint.

As of December 2024, Ducommun continued to build upon its Vision 2027 strategy and achieved record revenue of $787M with a strong three-year total shareholder return (TSR) percentage which was at the 79th percentile versus the R2000. As of the end of Q2 2025, Ducommun achieved record gross margin and a market capitalization increase of 350% since December 30, 2016.

Ducommun is a two-time recipient of Newsweek's 2024/2025 Most Responsible Companies and has been named by TIME Magazine as one of America's Best Mid-Sized Companies in 2025.

References

References

1. (24 April 2017). "The Oldest Business in Each State".
2. https://investors.ducommun.com/static-files/8dbe616e-b37d-485b-af16-ec0131056c9b
3. https://investors.ducommun.com/static-files/84ba98ab-7bac-4a26-8940-ecc8978eb11e
4. (2024-12-04). "America's Most Responsible Companies 2025".
5. "America’s Best Midsize Companies of 2025".