Dorman Products, Inc. reports news on its motor vehicle aftermarket business, including replacement products for cars, trucks and specialty vehicles. The company sells automotive and heavy-duty replacement parts, hardware, brake parts, fasteners and complex electronic solutions under the Dorman brand and sub-brands such as OE Solutions, Help!, Conduct-Tite and Super ATV.
Recurring updates cover quarterly and annual results, guidance, cash generation, share repurchases and performance across the Light Duty, Heavy Duty and Specialty Vehicle segments. Dorman news also includes new aftermarket repair products, supply chain and operational initiatives, leadership changes and board governance developments.
Dorman Products has unveiled over 320 new automotive repair products aimed at enhancing the repair capabilities of auto care shops and vehicle owners. Noteworthy offerings include OE FIX pre-pressed axles for Toyota trucks, designed to streamline axle repairs and save significant time. Additionally, a new-build master window switch for 1.6 million General Motors vehicles, a transmission oil cooler line for Chrysler and Dodge cars, and an engine air intake hose for GM vehicles are among the key releases. This move increases aftermarket quality and availability in the sector.
Dorman Products has launched its second OE FIX Guide, a 24-page publication showcasing innovative aftermarket solutions unavailable from original equipment manufacturers. The guide features products designed to save time and cost, including upgraded ABS control modules, flexible stainless steel fuel lines, and patented VVT solenoids. Already distributed to thousands of garages in North America, shops can order their copy at DormanProducts.com/OEFIX. The first guide won accolades at the 2019 Content Marketing Awards, emphasizing Dorman's commitment to effective vehicle repairs.
Dorman Products (NASDAQ:DORM) has introduced over 270 new automotive repair products, enhancing options for vehicle repair. A standout is the OE FIX electronic power steering rack for nearly 2 million Ford F-150 trucks, which includes a free programming tool, simplifying installation and reducing costs. Additional offerings include climate control modules for GM and Ford vehicles, and components for various other brands. These innovations aim to improve repair efficiency and reliability, countering the limited availability of remanufactured parts.
Dorman Products reported Q2 2020 net sales of $233.2 million, an 8.3% decline from $254.2 million in Q2 2019. Order volume decreased initially due to COVID-19 but improved significantly in June and continued into July. GAAP diluted EPS was $0.43 compared to $0.66 year-over-year. The estimated negative impact of COVID-19 on net sales was 14% to 16%. Despite challenges, Dorman maintains a strong balance sheet with $230 million in cash and no outstanding revolving credit. The company has paused share repurchases due to uncertainty.
Dorman Products, Inc. (NASDAQ:DORM) announced it has rescheduled its second quarter 2020 financial results release to July 29, 2020, after market close due to a management conflict. This report will cover results for the quarter ended June 27, 2020. Dorman is a leader in the automotive aftermarket, providing over 80,000 parts designed to enhance repair efficiency and vehicle reliability. The company has been innovating solutions for over a century, assisting repair professionals and vehicle owners.
Dorman Products, Inc. (NASDAQ:DORM) announced it will release its financial results for the second quarter ended June 27, 2020, on August 3, 2020. The company is a leader in the automotive aftermarket, providing over 80,000 replacement parts for light-duty and heavy-duty vehicles. Dorman aims to enhance repair convenience and reliability, having been a pioneer in the industry for over a century. The release includes forward-looking statements that are subject to risks and uncertainties, which could cause actual results to differ significantly from those predicted.
Dorman Products (NASDAQ: DORM) announces over 200 new automotive repair products, enhancing options for professional installers and vehicle owners. Key releases include exclusive steering shafts for over 10 million GM vehicles, upgraded nitrogen suspension compressors for 1.6 million Ram trucks, and new windshield wiper motor and linkage assemblies for millions of vehicles. These innovative solutions are designed to save time and money while ensuring safety and reliability, further extending Dorman's product coverage across the North American market.
Dorman Products (NASDAQ:DORM) has launched over 100 new aftermarket automotive repair products, enhancing repair options for professional installers and vehicle owners. Key releases include:
- Valve Covers: First-to-aftermarket for 2 million Chrysler and GM vehicles.
- Power Steering Fluid Reservoir: For over 1 million Chevrolet Express and GMC Savana vans.
- DEF Pumps: Compatible with 1.4 million Chevrolet, GMC, and Ford vehicles.
These innovations aim to save time and costs in vehicle repairs.
Dorman Products has introduced over 170 new automotive repair products, enhancing repair solutions for both professional installers and vehicle owners. Key highlights include a new windshield wiper linkage and motor assembly tailored for more than 2 million Chevrolet Equinox and GMC Terrain SUVs, designed to reduce labor time by up to 35%. Additional products include a water outlet for various GM vehicles and radiator fans for select Dodge and Jeep models. Dorman continues to deliver innovative solutions aimed at saving both time and money for customers.
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