Dorman Products, Inc. - DORM STOCK NEWS

Dorman Products, a leading provider of aftermarket automotive parts, announced it will release its second quarter 2024 financial results on August 1, 2024, after the close of the Nasdaq Stock Market. The company will host a conference call and webcast the following day, August 2, 2024, at 8 a.m. ET to discuss the results. Participants can join by dialing specific phone numbers or accessing the webcast on the company's investor relations website. The webcast replay will be available shortly after the call. Dorman Products, with a history of over 100 years, continues to innovate and expand its catalog of replacement parts for various vehicles.

Dorman Products (NASDAQ:DORM) has announced its July 2024 release of hundreds of new aftermarket automotive components and assemblies, expanding its catalog to over 122,000 SKUs. Highlights include new OE FIX™ repair solutions designed to save time, money, and labor, such as an upgraded electronic throttle body for Chrysler, Dodge, Jeep, and Ram vehicles, and a durable engine intake manifold for Audi and Volkswagen models. Other key releases include a power module relay repair kit, replacement valve cover kits, a roof-mounted GPS antenna, a keyless entry keypad, and various turbocharger accessories. These releases aim to offer performance and convenience not available from dealerships, targeting automotive and heavy-duty parts distributors, retailers, and repair shops.

Dorman Products (NASDAQ:DORM) has announced the release of hundreds of new aftermarket automotive components and assemblies, expanding its catalog to over 120,000 SKUs. These additions include a variety of first-to-aftermarket products that cater to both passenger and commercial vehicles. Key highlights include a control arm bolt kit for GM trucks and SUVs, an engine oil cooler for Ford Transit vans, and fuse blocks for Jeep Wrangler and Gladiator models. This expansion aims to provide cost-saving and time-efficient solutions for customers across North America.

Dorman Products (NASDAQ:DORM) announced the grand opening of a new 100,000 square foot drive shaft manufacturing facility in Virginia Beach, VA on June 12, 2024. This new site, five times larger than their previous one, features advanced machinery, robotic welding, and specialized packaging areas. The expansion aims to meet increased demand, enhance production, and improve shipment efficiency of their 3,600+ precision steel and aluminum drive shafts. Senior Vice President Eric Luftig highlighted that this facility represents a significant investment to better serve customers and expand Dorman's USA manufacturing footprint to over one million square feet.

Dorman Products (NASDAQ: DORM) has unveiled hundreds of new aftermarket automotive components and assemblies, expanding its catalog to over 120,000 SKUs. This extensive range provides numerous repair and sales opportunities across North America. Key highlights include ten new Dorman® OE FIX™ innovations designed to save customers time, money, and labor. Notable products are an upgraded electronic throttle body for Chevrolet and GMC vehicles featuring SensorShield™ technology, a power steering fluid cooler with a robust design for General Motors vehicles, and various first-to-market components for popular models such as Nissan Altima, Jeep Wrangler, and Ford vehicles. These additions reflect Dorman's commitment to providing cost-effective, high-performance aftermarket solutions.

Dorman Products, Inc. reported first-quarter 2024 results with net sales of $468.7 million, a 0.4% increase from the prior year. Diluted EPS rose to $1.05, a 483% increase, while adjusted diluted EPS was $1.31, up 134%. The company generated $52 million in cash from operating activities, repaid $15 million in debt, and repurchased $27 million in shares. Dorman confirms its full-year 2024 guidance, projecting net sales growth of 3-5%, diluted EPS of $4.71-$5.01, and adjusted diluted EPS of $5.40-$5.70.

Dorman Products, Inc. announces the date to report its first quarter 2024 financial results, with the release scheduled before the opening of the Nasdaq Stock Market on May 7, 2024. The Company will also conduct a conference call and webcast on the same day at 8 a.m. ET.

Dorman Products, Inc. (NASDAQ:DORM) concludes a strong first quarter of 2024 with the release of numerous innovative aftermarket solutions, adding to their extensive catalog of 122,000 SKUs. The new products cater to automotive and heavy-duty parts distributors, retailers, and repair shops, offering millions of new sales opportunities. Highlights include upgraded engine intake manifold and air cleaner lid solutions, along with exhaust manifold hardware kits, door lock actuators, and turbo lines, showcasing Dorman's commitment to innovation and customer satisfaction.

Dorman Products, Inc. announced its financial results for Q4 and full year 2023, reporting net sales of $494.3 million for the quarter, down 1% due to an extra week last year, up 3% excluding this impact. Record diluted EPS of $1.60, up 182%, and adjusted diluted EPS of $1.57, up 55%. Cash flow of $60 million, debt repayment of $30 million, and share repurchase of $15 million during the quarter. For FY 2023, achieved diluted EPS of $4.10, adjusted diluted EPS of $4.54, and record net sales of $1.93 billion.