What long-term trends can investors expect from DCO's earnings growth?

**Ducommun Incorporated (DCO) exhibits positive long-term trends in its earnings growth**, which can be inferred from the following points:

1. **Consistent Revenue Growth**: The company has achieved record full-year revenue for the second consecutive year in 2024, with net revenues amounting to $786.6 million. This consistent growth trajectory indicates a strong market demand for Ducommun's products and services.
2. **Improved Gross Profit Margins**: Ducommun's gross profit margin increased to 25.1% in 2024, up from 21.6% in 2023. This improvement is attributed to a higher mix of engineered products and strategic value pricing actions, suggesting a more profitable business model.
3. **Increased Operating Income**: The company reported an operating income of $52.2 million in 2024, a significant increase from $28.9 million in 2023. This indicates better operational efficiency and management of costs.
4. **Enhanced Profitability**: Ducommun's net income for 2024 was $31.5 million, up from $15.9 million in 2023. The diluted earnings per share also improved to $2.10 in 2024, reflecting the overall improvement in net income.
5. **Strategic Initiatives**: The company's strategic initiatives, such as the VISION 2027 plan, are focused on shifting to more engineered products, implementing strategic pricing initiatives, and achieving productivity improvements through restructuring activities. These initiatives are expected to drive future growth and profitability.
6. **Positive Market Outlook**: Analysts maintain a positive outlook on Ducommun, with a Buy rating and an $82.00 price target from Truist Securities. This suggests confidence in the company's future performance and potential for growth.

In conclusion, Ducommun's long-term earnings growth trends are positive, driven by consistent revenue growth, improved profitability, and strategic initiatives. Investors can expect continued improvement in earnings as the company executes its growth strategies and capitalizes on favorable market conditions in the aerospace, defense, and industrial sectors.