Welcome to our dedicated page for Dorman Products news (Ticker: DORM), a resource for investors and traders seeking the latest updates and insights on Dorman Products stock.
Dorman Products, Inc. (NASDAQ: DORM) is a motor vehicle aftermarket company that regularly publishes updates on its financial performance, product launches, and organizational developments. This news page aggregates those announcements so readers can follow how Dorman’s business evolves over time.
In its quarterly earnings releases, Dorman reports net sales, gross profit, segment performance for its Light Duty, Heavy Duty, and Specialty Vehicle businesses, and diluted earnings per share. The company also discusses non-GAAP measures such as adjusted net income and adjusted diluted EPS, along with commentary from management on demand trends, supply chain diversification, productivity efforts, and the impact of tariffs and other external factors. These releases are often accompanied by details on investor conference calls and webcasts.
Dorman’s news also highlights product and technology developments in the motor vehicle aftermarket. Recent examples include the introduction of an all-new Dorman OE FIX electronic power steering rack for Ram pickup trucks and the release of 164 new automotive repair solutions for the Light Duty segment, many of which are described as aftermarket exclusives. The company provides technical details on selected products, such as design improvements, validation to Federal Motor Vehicle Safety Standards, and features intended to enhance durability and ease of installation.
Organizational updates, such as leadership appointments and planned executive retirements, are also communicated through news releases. Visitors to this page can review these items together to understand how Dorman manages its segments, invests in new products, and addresses changes in its leadership team. For investors, repair professionals, and vehicle owners interested in DORM, this news feed offers a centralized view of the company’s public announcements.
Dorman Products, Inc. (NASDAQ: DORM) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2022, on February 28, 2023, before the Nasdaq market opens. The company has been a leader in providing aftermarket replacement products for over 100 years, offering a vast catalog that includes solutions for various vehicles. Dorman emphasizes innovation and reliability in its products, designed to save time and money for professionals and vehicle owners. Investors can find more information on Dorman's website related to its financial performance and investor relations.
Dorman Products, Inc. (NASDAQ:DORM) has released OE FIX™ Guide Vol. 4, showcasing innovative automotive repair solutions designed to facilitate faster, durable repairs for professionals. This publication highlights parts engineered to surpass OEM standards by improving reliability and service efficiency. Among the featured items are the OE FIX power transfer unit and manual shift tower tailored for specific Ford and Jeep Wrangler models, respectively. The guide is distributed to repair shops and parts stores across North America, offering a visually rich resource that emphasizes the value of Dorman’s advanced product solutions.
Dorman Products, Inc. (NASDAQ:DORM) announced the release of 400 new motor vehicle parts, including 150 first-to-the-aftermarket items. This initiative aligns with Dorman's commitment to innovation, having launched over 4,000 new products in 2022. The new offerings include OE FIX repair solutions designed to enhance reliability and save costs for repair professionals and vehicle owners. Notable products include a cost-effective liftgate handle trim kit for Nissan Pathfinder SUVs, new heater hose assemblies for Ford vehicles, and aftermarket-exclusive brake backing plates for Cadillac, Chevrolet, and GMC.
Dorman Products (NASDAQ:DORM) announced the introduction of 279 new vehicle repair parts, with nearly half being first to the aftermarket. Key additions include an OE FIX™ crankcase vent valve for over 100,000 Audi and Volkswagen vehicles, reducing repair costs. The launch also features a steering wobble kit for Jeep Wranglers, enhancing steering performance. Dorman continues to expand into the heavy-duty market with a coolant sensor for Mack trucks. Additionally, they are innovating in emerging technologies, introducing a door handle repair kit for Tesla S vehicles.
Dorman Products, Inc. (NASDAQ:DORM) has introduced over 300 new motor vehicle parts, with half being exclusive to the aftermarket. These innovations include the Dorman OE FIX climate control module, designed for 1.7 million Chevrolet Express and GMC Savana vehicles, and a turbocharger replacement line kit for popular GM models. The new products aim to improve efficiency and reliability for repair professionals. Eric Luftig, VP of Product and Engineering, emphasized Dorman's commitment to providing time-saving and cost-effective solutions. The company now offers a catalog exceeding 118,000 parts.
Dorman Products reported third quarter 2022 net sales of $413.5 million, a 19% increase from $348.4 million in the previous year. However, diluted EPS fell by 7% to $0.97 from $1.04. Adjusted diluted EPS also declined slightly by 1% to $1.17. Notably, the company completed the $490 million acquisition of SuperATV, aiming to expand into the growing powersports aftermarket. Despite sales growth, gross profit margins decreased due to inflationary pressures, alongside increased SG&A expenses. Dorman updated its full-year guidance, forecasting net sales of $1.65 - $1.69 billion.
Dorman Products, Inc. (NASDAQ:DORM) has announced the release of over 400 new aftermarket vehicle parts, with nearly half being exclusive to the aftermarket. This expansion includes innovations across various categories, including 18 new OE FIX solutions. Notable new products include an upgraded aluminum thermostat housing for popular Chrysler models and new turbocharger components covering 5.5 million Ford trucks. The company is also enhancing its heavy-duty product line following its acquisition of Dayton Parts, introducing numerous sensors covering over 2 million vehicles.
Dorman Products, Inc. (NASDAQ:DORM) will report its third-quarter financial results on October 24, 2022, before the Nasdaq opens. The company specializes in providing aftermarket replacement products and has been a leader in the automotive parts industry for over a century. Dorman offers a broad range of products that aim to enhance vehicle repair efficiency and reliability. The press release includes forward-looking statements subject to risks and uncertainties which may affect actual outcomes. Investors are encouraged to visit Dorman’s website for more information.
Dorman Products, Inc. (NASDAQ:DORM) announced the acquisition of Super ATV, LLC for $490 million in cash, with an additional earn-out of up to $100 million based on performance targets in 2023 and 2024. This transaction, finalized on October 4, 2022, was financed through a $500 million incremental term loan facility. SuperATV, founded in 2004, is recognized in the powersports aftermarket for its high-quality products. The acquisition aims to enhance Dorman's portfolio and strengthen its market position in the motor vehicle aftermarket.
Dorman Products, Inc. (NASDAQ:DORM) announced the appointment of Michael P. Dickerson as Vice President, Investor Relations & Risk Management, effective September 26, 2022. Dickerson brings over two decades of experience, having previously held similar roles at various companies including The Aaron’s Company and Gannet Co.. The firm's CFO, David Hession, emphasized the importance of strong relationships with the financial community and believes Dickerson's background will enhance Dorman's investor relations program.
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