Dorman Products Stock Price, News & Analysis

Dorman Products, Inc. (NASDAQ:DORM) will announce its financial results for the first quarter ending March 26, 2022, on April 25, 2022, before market opening. The company specializes in providing solutions for repair professionals and vehicle owners, with a broad range of over 118,000 automotive replacement parts. Dorman's commitment to innovation and problem-solving has made it a key player in the automotive aftermarket for over a century. Investors can find more information on Dorman's website and are encouraged to stay updated on financial performance.

Dorman Products, Inc. (NASDAQ:DORM) has released its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its commitment to responsible practices across four pillars: employees, products, the planet, and governance. The report was informed by an ESG materiality assessment and adheres to standards from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). CEO Kevin Olsen expressed enthusiasm about the report, emphasizing its foundational role for future ESG initiatives. The full report is available on Dorman's Investor Relations portal.

Dorman Products (NASDAQ:DORM) has announced the release of 385 new aftermarket products, including innovative solutions for Chrysler, Dodge, Ram, and Jeep vehicles. Key highlights include a new intake manifold runner control designed for nearly 3 million vehicles and direct-replacement parking assist sensors for 8 million units, addressing high failure rates. Additionally, three new third brake light assemblies will enhance Dorman's coverage in the replacement part market for over 2 million GM, GMC, and Jeep SUVs. These releases underscore Dorman's commitment to providing reliable aftermarket options for consumers and repair professionals.

Dorman Products has launched Shop Press, a new online platform dedicated to auto repair news, tips, and stories. Located at ShopPress.com, it serves as a hub showcasing innovative repair techniques, customer stories, and industry insights. The site features articles like the importance of welders in shops, methods for removing cotter pins, and discussions on the Right to Repair legislation. Regular updates ensure fresh content, with visitors encouraged to subscribe to a newsletter for ongoing information.

Dorman Products, Inc. (NASDAQ:DORM) announced the release of 250 new auto parts, including over 100 aftermarket parts, enhancing repair options for vehicle owners and technicians. Key products include remanufactured transmission control modules for 1.6+ million Ford Focus and Fiesta vehicles, a fuel pump driver module for 1.2+ million GM vehicles, and a comprehensive wiper motor assembly for GM cars. These innovations aim to improve reliability, save installation time, and provide cost-effective solutions for common automotive issues.

Dorman Products reported record net sales of $398.2 million for Q4 2021, reflecting a 32% year-over-year increase. The diluted EPS for the quarter was $1.07, slightly down from $1.11 in Q4 2020, while adjusted diluted EPS rose to $1.33 from $1.19. For fiscal 2021, net sales reached $1.345 billion, up 23%, with net income of $131.5 million. Looking ahead, Dorman anticipates 2022 net sales growth of 19%-22% and diluted EPS between $4.94 and $5.14.

Dorman Products (NASDAQ:DORM) introduces over 400 new auto parts, enhancing repair options for consumers and technicians. Key releases include flexible stainless steel braided fuel lines for 2.5+ million GM vehicles, aftermarket suspension stabilizer bar kits for 19 million aging vehicles, and turbocharger boost solenoid valves for over 2 million Buick, Chevrolet, and Ford vehicles. These products aim to simplify repairs and improve performance, thereby advancing Dorman's mission to provide greater freedom in vehicle maintenance.

Dorman Products, Inc. (DORM) will release its financial results for the fourth quarter and fiscal year on February 22, 2022. This announcement comes as the company continues to grow its extensive range of over 81,000 automotive replacement parts, aiding repair professionals and vehicle owners. Dorman has been a leader in the automotive aftermarket for over a century, emphasizing efficient solutions for vehicle repairs.

Dorman Products (NASDAQ:DORM) and Dayton Parts will jointly present their first tradeshow booth at Heavy Duty Aftermarket Week (January 24-27, Grapevine, Texas) after Dorman's acquisition of Dayton in August 2021. This event, the largest gathering of heavy-duty aftermarket professionals, will showcase innovations like CargoMaxx HD® shocks and remanufactured DEF supply modules. Dorman aims to enhance customer value through this collaboration, as highlighted by Vice President Chris Reamsnyder.