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Dorman Products Inc - DORM STOCK NEWS

Welcome to our dedicated news page for Dorman Products (Ticker: DORM), a resource for investors and traders seeking the latest updates and insights on Dorman Products.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Dorman Products's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Dorman Products, Inc. (NASDAQ:DORM) has launched over 200 new motor vehicle and heavy-duty truck repair solutions in February 2024, expanding its product line to cater to automotive and heavy-duty parts distributors, retailers, and repair shops. The new releases include a wide range of repair solutions, emphasizing Dorman's commitment to providing a comprehensive aftermarket replacement parts catalog. With a focus on innovation and customer needs, Dorman continues to solidify its position as a leading source for technicians and DIY enthusiasts in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
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Rhea-AI Summary
Dorman Products, Inc. (NASDAQ: DORM) will release its Q4 and full-year 2023 financial results on February 26, 2024, followed by a conference call on February 27, 2024. The call will cover financial performance and future outlook, accessible via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
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conferences earnings
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Rhea-AI Summary
Dorman Products, Inc. (NASDAQ:DORM) has released the award-winning OE FIX™ Guide Vol. 5, showcasing innovative automotive repair solutions. The 32-page magazine highlights Dorman's successful previous editions, which have won industry awards. The latest volume continues to describe helpful repair solutions and tells the stories behind the brand trusted for over a century. Dorman OE FIX parts are designed to be better-than-OEM replacements, improving reliability, simplifying service, and reducing costs for customers. The fifth edition features stories on solutions for various vehicles, including longer-lasting camshaft phasers, upgraded intake manifold components, creative exhaust manifold replacements, patented shift cable ends, and improved control arms for select Tesla cars and SUVs. The OE FIX Guide is now being distributed to repair shops and parts stores throughout North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.8%
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Rhea-AI Summary
Dorman Products, Inc. (NASDAQ:DORM) continues its momentum from a successful 2023 with 325 new motor vehicle parts announced in January 2024. These releases offer new sales opportunities for automotive parts distributors, retailers, and repair shops, reinforcing Dorman's position as a leading aftermarket provider. The new releases include innovative solutions like the Dorman® OE FIX™ transmission oil cooler bypass valve, as well as direct replacement parts and assemblies engineered to match or improve upon original equipment offerings. Some notable releases include time-saving exhaust manifold hardware and gasket repair kits, VVT sprocket bolts for camshaft phaser repair, and a windshield wiper motor and transmission assembly designed to match the fit and function of the original equipment assembly on aging Ford and Mercury vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
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Rhea-AI Summary
Dorman Products, Inc. (NASDAQ:DORM) is releasing 400 new motor vehicle parts this month, representing millions of new sales opportunities for automotive parts distributors, retailers, and repair shops. The new products further reinforce Dorman’s position as a leading aftermarket provider of comprehensive powertrain repair solutions. This month’s new releases include an innovative Dorman® OE FIX™ exhaust manifold clamp repair kit with coverage for approximately 3 million select aging Ford and Lincoln vehicles. Dorman is also introducing a new OE FIX engine heater hose assembly, adding to a large and growing catalog of complex automotive hose assemblies. Dorman is also adding hundreds of new direct replacement parts and assemblies designed to match or improve upon the performance of the original equipment offerings. Some new and notable aftermarket-exclusive and direct replacement product releases for December 2023 include: Two throttle body connectors offering a combined 20 million repair opportunities on certain GM and Ford vehicles. Three new turbocharger components, including a new intercooler designed to match the fit and function of the original equipment unit on 1.75 million GMC and Chevrolet vehicles. A time-saving and convenient wheel hub and bearing assembly repair kit with coverage for 1 million select late model Ram 2500 and 3500 series trucks, featuring quality components carefully engineered to match the fit and performance of the factory assembly components.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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Rhea-AI Summary
Dorman Products, Inc. reports third quarter 2023 net sales of $488.2 million, up 18% compared to the same period last year. The company achieved record diluted earnings per share (EPS) of $1.28, up 32% from $0.97 in the prior-year quarter. Adjusted diluted EPS increased by 20% compared to last year and 39% compared to the second quarter of 2023. Cash from operating activities was $56 million, and the company repaid $50 million of debt. The company updated its fiscal 2023 guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.54%
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earnings
Rhea-AI Summary
Dorman Products, Inc. to Report Q3 2023 Financial Results on October 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
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conferences earnings
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Rhea-AI Summary
Dorman Products, Inc. releases 250 new motor vehicle parts, offering sales opportunities for distributors, retailers, and repair shops.
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Rhea-AI Sentiment
End-of-Day
-0.71%
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Rhea-AI Summary
Dorman Products, Inc. (NASDAQ:DORM) reports a 15% increase in net sales to $480.6 million and diluted EPS of $1.04 in Q2 2023. The company confirms its full-year 2023 guidance of net sales of $1.95 billion to $2.00 billion and adjusted diluted EPS of $5.15 to $5.35.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
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earnings
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Dorman Products Inc

Nasdaq:DORM

DORM Rankings

DORM Stock Data

2.58B
23.23M
16.71%
78.58%
1.19%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
United States
Colmar

About DORM

dorman is a leading supplier of original equipment dealer “exclusive” automotive and heavy duty replacement parts, automotive hardware and brake parts, and fasteners to the automotive and heavy vehicle aftermarkets; and a supplier of household hardware and organizational products to mass merchandisers. dorman designs, packages and markets over 150,000 different products manufactured to its specifications. dorman's products are sold primarily in the united states through automotive and heavy vehicle aftermarket retailers, national, regional and local warehouse distributors, and specialty markets and salvage yards. dorman continues to increase its international distribution of automotive replacement parts, with sales into canada, europe, the middle east, and the far east. dorman's products are sold under one of several sub-brands (dorman® autograde™, dorman® conduct-tite®, dorman® firststop™, dorman® hd solutions™, dorman® help!®, dorman® oe solutions™, dorman® hd solutions™, and dorman®