Ducommun Inc. Reports Net Earnings of $6.4 Million

Citing extraordinary gains on the sale of assets, Ducommun Inc. said Tuesday that it had net earnings of $6.4 million for the fiscal quarter ended April 3, compared with a net profit of $221,000 a year earlier.

However, without the $8.7-million net gain on the sales of its Metermaster division and Airdrome Parts Co. unit, the Cypress-based company had an operating loss for the quarter of $2.4 million, said Fred Bailord, senior vice president.

Revenues during the three-month period fell 6% to $109 million from $116.2 million a year earlier. Bailord said the 1986 revenues included sales of the two divested units. On a continuing basis, he said, year-to-year sales were essentially flat.