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BUSINESS
February 1, 1987
Ducommun Inc., an electronic component distributor in Cypress, said it has sold its Metermaster division to a subsidiary of Hawker Siddeley Group PLC, an English company, for about $9.8 million. Metermaster, which Ducommun owned for more than 20 years, distributes electronic test, measurement and control products. Metermaster will now operate as an independent company in Crompton Instruments, a subsidiary of Hawker Siddeley. Crompton Instruments makes electronic measurement and control
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BUSINESS
May 5, 2006 | From the Associated Press
Ducommun Inc., a manufacturing and engineering service provider, said first-quarter profit slipped because of a higher tax rate. Income for the quarter was $2.8 million, or 27 cents a share, down from $4.1 million, or 40 cents, a year earlier. Sales increased 13% to $72.2 million. Shares of Ducommun closed down 58 cents at $22.54.
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BUSINESS
May 4, 1988
Ducommun--the oldest continuously operated company in Southern California--on Tuesday appointed its third president in as many years. Norman A. Barkeley, 58, the former chairman of Lear Siegler Inc. and currently a Ducommun board member, will become president of the aerospace and electronics firm effective July 1. Barkeley replaces Wallace W. Booth, who will remain as the company's chairman. "Barkeley is a seasoned veteran of the aerospace industry," Booth said in a prepared statement.
BUSINESS
August 2, 2005 | From Associated Press
Aircraft parts manufacturer Ducommun Inc. said fiscal second-quarter earnings declined slightly as higher operating costs squeezed profit margins. For the quarter ended in July, the Carson-based company said net income fell 5% to $4.1 million, or 40 cents a share, from $4.3 million, or 42 cents, a year earlier. Sales rose 8% to $62 million, driven by higher military sales. Gross profit as a percentage of sales fell to 22.8% from 24.
BUSINESS
July 23, 1987 | WARREN VIETH, Times Staff Writer
Ducommun Inc. and Micro D Inc., two major distributors of electronics products, reported sharply higher second-quarter profits Wednesday in response to improving industry conditions and internal restructuring programs. Ducommun, which moved its headquarters to Cypress last year from Los Angeles, reported earnings of $785,000 for the second quarter, more than seven times the $103,000 recorded a year earlier.
CALIFORNIA | LOCAL
April 27, 1999
Ducommun Inc. has acquired SMS Technologies Co., a privately held company based in Chatsworth. SMS manufactures complex assemblies and subassemblies for commercial and military aircraft. Founded in 1849, Ducommun manufactures components and assemblies for the aerospace industry.
NEWS
April 8, 1986 | JOHN M. BRODER, Times Staff Writer
David G. Schmidt's career at Ducommun Inc. came to an abrupt end Feb. 26, when he resigned the company presidency after just 363 days in the job. The public explanation was that Schmidt left because of differences in business philosophy with his boss, Wallace W. Booth, Ducommun's autocratic chairman and chief executive. The dispute, however, was deeper and far more personal than that. The issue was who would succeed Booth as chairman--and when.
BUSINESS
March 5, 1985
Ross E. Roeder, who led Fotomat Corp. past some "major obstacles" after becoming chairman and chief executive three years ago, announced that he will step down this summer upon the completion of a cash infusion from Konishiroku Photo Industry Co. of Japan. Shigero Suzuki, 45, a Konishiroku executive, was named interim president until Fotomat finds a new chief executive.
BUSINESS
June 27, 1985
Kenneth T. Derr, the vice president who has headed Chevron Corp.'s program to implement its $13.3-billion merger with Gulf Corp., will become a vice chairman of the San Francisco-based oil company Oct. 1, Chevron said Wednesday. The company also announced that Donald L. Bower, 61, will take early retirement in October after six years as vice chairman.
BUSINESS
April 17, 1989 | MELANIE PICKETT
Jan. 30, 1980: Ducommun posts record sales and earnings for 1979. Feb. 10, 1981: Ducommun acquires Aerochem of Orange. The value of the proposed transaction is put at $10 million. Feb. 11, 1981: Ducommun buys Airdrome Parts, a Long Beach manufacturer and distributor of precision hydraulic fittings, for an undisclosed sum. Sept. 8, 1981: Ducommun announces that it has agreed to sell its metals operations to Centaur Metal Service for $86 million. Dec. 29, 1983: Ducommun buys Jay-El Products of Gardena for $7 million in cash and securities.
BUSINESS
May 28, 2005 | Peter Pae, Times Staff Writer
Three Boeing Co. employees filed a whistle-blower lawsuit, alleging that Ducommun Inc., a longtime Los Angeles-area aircraft parts maker, supplied defective components used on a range of Boeing airplanes. The employees, who work at Boeing's commercial aircraft division in Wichita, Kan., filed the lawsuit in March, claiming that Chicago-based Boeing was aware of the problems but tried to cover them up. It was unsealed Thursday.
BUSINESS
May 22, 2001 | PETER PAE, TIMES STAFF WRITER
Ducommun Inc. of Los Angeles, continuing an acquisition spree, said Monday that it has agreed to buy Composite Structures, a privately held aerospace contractor based in Monrovia. Terms were not disclosed. Composite Structures, which makes composite materials for aircraft, including rotor blades for Apache military helicopters and wing parts for the Boeing 737, had revenue of $60 million last year.
CALIFORNIA | LOCAL
April 27, 1999
Ducommun Inc. has acquired SMS Technologies Co., a privately held company based in Chatsworth. SMS manufactures complex assemblies and subassemblies for commercial and military aircraft. Founded in 1849, Ducommun manufactures components and assemblies for the aerospace industry.
NEWS
October 8, 1991 | MYRNA OLIVER, TIMES STAFF WRITER
Charles Emil Ducommun, former head of his family's historic Ducommun Inc. and a key Los Angeles-area civic and cultural leader, has died. He was 78. The industrialist died Sunday at St. John's Hospital in Santa Monica of heart failure, company chief executive officer Norman Barkeley said Monday. Ducommun, who retired in 1978, had spent his entire career in the company founded in 1849 by his grandfather as Ducommun Metals & Supply Co.
BUSINESS
March 9, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Once-ailing Ducommun, a Carson-based aerospace supplier and one of California's oldest companies, which spent most of the late 1980s losing money, apparently has turned things around, according to an earnings report issued Thursday. During the first full year since Chairman Norman A. Barkeley stepped into the cockpit at Ducommun, the company posted net income of $602,000, contrasted with a loss of $19.4 million in 1988. Sales rose to $68.6 million in 1989 from $59.8 million the year before.
BUSINESS
May 25, 1989 | DENISE GELLENE, Times Staff Writer
Ducommun Inc., a money-losing aerospace contractor, said Wednesday that it plans to sell unused real estate in Texas, Oklahoma and California to raise much needed cash. Norman A. Barkeley, Ducommun's chairman and chief executive, told shareholders at the company's annual meeting in Long Beach that he is not sure how much Ducommun would receive from the property sales. He said the proceeds would be used to reduce the Carson-based firm's $67.9-million debt. Besides selling the property, Ducommun is also negotiating to sell its Tri-Tec Engineering unit, a maker of cable assemblies for the computer industry.
BUSINESS
January 23, 1986 | JUBE SHIVER Jr.
After just one year on the job, David G. Schmidt announced Wednesday that he will resign as president and a director of Ducommun Inc., effective Feb. 26. There was no explanation of Schmidt's departure in a brief company statement, and Ducommun officials contacted Wednesday declined to comment. The announcement said Schmidt would continue as a company consultant for "an indefinite period." According to a company spokesman, Chairman Wallace W.
BUSINESS
May 5, 1989 | DENISE GELLENE, Times Staff Writer
Ducommun Inc., mired in losses for the last four years, earned $360,000 in its first quarter largely from sharp cost reductions and increased orders for aircraft parts. The aerospace company, based in Carson, said sales rose 4% to $16.5 million for the first quarter from $15.7 million during the first three months of 1988. Ducommun lost $1 million during the same quarter of last year. Ducommun's first-quarter costs were more than $800,000 less than in the first quarter a year ago, said Chief Financial Officer Donald R. Schort, resulting from work force reductions and reduced overhead.
BUSINESS
April 17, 1989 | DENISE GELLENE, Times Staff Writer
Its founder made a fortune selling picks and shovels to the '49ers who came to California in search of gold. One hundred-forty years later, the Los Angeles company that bears his name has lost more money than Charles L. Ducommun ever dreamed of. During the past five years, troubled Ducommun Inc. has sold off its metals and electronics operations to raise badly needed cash. The money-losing aerospace business that remains has been plagued with cost overruns, bloated inventories and production problems.
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