Dorman Products Stock Price, News & Analysis

Dorman Products has announced its agreement to acquire Dayton Parts for $338 million. This acquisition aims to enhance Dorman's presence in the heavy-duty aftermarket segment by adding a comprehensive offering of undercarriage components and a robust distribution network.

Dayton, which reported $168 million in net sales for 2020, is expected to contribute positively to Dorman's earnings immediately. The deal will be financed through a new $600 million revolving credit facility, allowing Dorman to leverage enhanced cash flow for strategic initiatives.

Dorman Products has launched over 320 new automotive parts this month, including 75 aftermarket-first solutions aimed at enhancing vehicle repair options for professionals and owners. Key highlights include:

• Hydrocarbon injector nozzles for heavy-duty trucks
• OE FIX™ radiator coolant hose connector for over 6.5 million vehicles
• OE FIX fuse block module for certain Chevrolet Malibu models, saving time and costs in repairs

These innovative products reinforce Dorman's commitment to providing affordable and durable solutions in the automotive aftermarket.

Dorman Products has increased production of aftermarket replacement parts for heavy and medium-duty trucks in response to high demand due to COVID-19 supply chain disruptions. With over 2,000 direct-replacement truck parts now available, including critical emissions components, Dorman aims to support truck operators and fleets facing inventory shortages. This initiative seeks to alleviate the backlog of repairs caused by a lack of original equipment parts, ensuring trucks remain operational. The decision aligns with the ongoing need for reliable logistics in North America.

Dorman Products has announced the release of over 496 new automotive repair products, enhancing options for vehicle owners and installers. Key highlights include new transmission oil cooler lines covering more than 5 million vehicles, as well as advanced driver-assistance systems (ADAS) solutions such as cruise control distance sensors for late model Ford and Lincoln vehicles. The company’s ongoing innovation solidifies its position in the automotive aftermarket, with nearly 400 direct replacement transmission lines available, all undergoing rigorous quality testing to ensure reliability.

Dorman Products (NASDAQ: DORM) reported Q1 2021 net sales of $288.0 million, a 12% increase from $257.7 million in Q1 2020. Diluted EPS rose to $1.02, a 46% jump from $0.70 in the same quarter last year. Adjusted diluted EPS also saw a significant increase to $1.04, up 58% year-over-year. For FY 2021, Dorman anticipates net sales growth between 9%-12%, with diluted EPS projected between $4.32 and $4.52. The company emphasizes strong balance sheet and liquidity, aiming for continued innovation in the automotive aftermarket.

Dorman Products, Inc. (NASDAQ:DORM) will release its financial results for the first quarter ending March 27, 2021, before the Nasdaq opens on April 26, 2021. Dorman is a leader in the automotive aftermarket, offering over 80,000 distinct parts that enhance convenience and reliability for repair professionals and vehicle owners. The company focuses on innovative replacement solutions, fostering efficiency in vehicle repair. For further inquiries, Dorman encourages investors to visit their official site.

Dorman Products, Inc. (NASDAQ:DORM) and Diesel Laptops have unveiled the Diesel Decoder™, an innovative smartphone-enabled diagnostic tool for North American heavy-duty trucks. This all-in-one device connects to the truck's diagnostics port and works with a free app to read true diagnostic trouble codes (DTCs) and provide repair insights. Targeted at owner-operators and smaller fleets, the Diesel Decoder is designed to be cost-effective compared to traditional diagnostic tools, enabling users to access detailed truck health reports and essential repair information seamlessly.

Dorman Products announces the launch of over 700 new replacement auto parts, enhancing aftermarket coverage for popular Chevrolet and GMC pickups. Key highlights include a new flexible stainless steel fuel line that simplifies installation, coverage expansion in drive shafts with pre-assembled components minimizing repair complexity, and new direct-replacement control arms engineered for better reliability. All new products come with a limited lifetime warranty, providing vehicle owners and repair shops with innovative solutions for their automotive needs.