Dorman Products Inc - DORM STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

Dorman Products, Inc. to Report Q3 2023 Financial Results on October 31, 2023