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. 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, 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.
Dorman Products (NASDAQ:DORM) has launched 689 new auto parts, including 248 aftermarket solutions designed to enhance repair options for vehicle owners. Key offerings include an OE FIX power transfer unit for over 2.3 million Ford, Lincoln, and Mercury vehicles, aimed at addressing lubrication failures in extreme temperatures. Additional products feature a manual transmission shift tower for Jeep Wranglers and pre-pressed axles for aging Toyota Tacoma trucks. These innovations support Dorman's commitment to providing reliable aftermarket choices for common vehicle failures.
Dorman Products (NASDAQ: DORM) has launched a new real-time inventory tool on DormanProducts.com, allowing users to easily find local auto parts in stock across various retailers. Customers can search for parts using multiple criteria and view available inventory on a map. This initiative is part of a strategic partnership with Epicor, enhancing access and convenience for customers. The feature is now available for most of Dorman's major retail partners, and more partners will be added over time.