Ducommun Settles $4 Million Fire Damage Claim

Reuters01-10
Ducommun Settles $4 Million Fire Damage Claim

Ducommun Incorporated has reached a settlement agreement to resolve a subrogation claim related to damages from a June 2020 fire at its performance center in Guaymas, Mexico. The claim, brought by the insurer of the entity providing labor and facilities at the performance center, was pending in arbitration in Arizona. Following mediation in December 2025, Ducommun agreed to pay $4 million to the insurer. The settlement includes a mutual release of all claims arising from the fire and does not constitute an admission of liability by the company. Ducommun expects to record the settlement as an expense for the quarter ending December 31, 2025, and to pay the amount from cash on hand. The company believes there are no remaining related claims, except for a possible claim in Mexico, which it believes to be time-barred.

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