Dorman Products - DORM STOCK NEWS

Dorman Products (NASDAQ:DORM) announced the grand opening of a new 100,000 square foot drive shaft manufacturing facility in Virginia Beach, VA on June 12, 2024. This new site, five times larger than their previous one, features advanced machinery, robotic welding, and specialized packaging areas. The expansion aims to meet increased demand, enhance production, and improve shipment efficiency of their 3,600+ precision steel and aluminum drive shafts. Senior Vice President Eric Luftig highlighted that this facility represents a significant investment to better serve customers and expand Dorman's USA manufacturing footprint to over one million square feet.

Dorman Products (NASDAQ: DORM) has unveiled hundreds of new aftermarket automotive components and assemblies, expanding its catalog to over 120,000 SKUs. This extensive range provides numerous repair and sales opportunities across North America. Key highlights include ten new Dorman® OE FIX™ innovations designed to save customers time, money, and labor. Notable products are an upgraded electronic throttle body for Chevrolet and GMC vehicles featuring SensorShield™ technology, a power steering fluid cooler with a robust design for General Motors vehicles, and various first-to-market components for popular models such as Nissan Altima, Jeep Wrangler, and Ford vehicles. These additions reflect Dorman's commitment to providing cost-effective, high-performance aftermarket solutions.

Dorman Products, Inc. reported first-quarter 2024 results with net sales of $468.7 million, a 0.4% increase from the prior year. Diluted EPS rose to $1.05, a 483% increase, while adjusted diluted EPS was $1.31, up 134%. The company generated $52 million in cash from operating activities, repaid $15 million in debt, and repurchased $27 million in shares. Dorman confirms its full-year 2024 guidance, projecting net sales growth of 3-5%, diluted EPS of $4.71-$5.01, and adjusted diluted EPS of $5.40-$5.70.

Dorman Products, Inc. announces the date to report its first quarter 2024 financial results, with the release scheduled before the opening of the Nasdaq Stock Market on May 7, 2024. The Company will also conduct a conference call and webcast on the same day at 8 a.m. ET.

Dorman Products, Inc. (NASDAQ:DORM) concludes a strong first quarter of 2024 with the release of numerous innovative aftermarket solutions, adding to their extensive catalog of 122,000 SKUs. The new products cater to automotive and heavy-duty parts distributors, retailers, and repair shops, offering millions of new sales opportunities. Highlights include upgraded engine intake manifold and air cleaner lid solutions, along with exhaust manifold hardware kits, door lock actuators, and turbo lines, showcasing Dorman's commitment to innovation and customer satisfaction.

Dorman Products, Inc. announced its financial results for Q4 and full year 2023, reporting net sales of $494.3 million for the quarter, down 1% due to an extra week last year, up 3% excluding this impact. Record diluted EPS of $1.60, up 182%, and adjusted diluted EPS of $1.57, up 55%. Cash flow of $60 million, debt repayment of $30 million, and share repurchase of $15 million during the quarter. For FY 2023, achieved diluted EPS of $4.10, adjusted diluted EPS of $4.54, and record net sales of $1.93 billion.

Dorman Products, Inc. (NASDAQ:DORM) has launched over 200 new motor vehicle and heavy-duty truck repair solutions in February 2024, expanding its product line to cater to automotive and heavy-duty parts distributors, retailers, and repair shops. The new releases include a wide range of repair solutions, emphasizing Dorman's commitment to providing a comprehensive aftermarket replacement parts catalog. With a focus on innovation and customer needs, Dorman continues to solidify its position as a leading source for technicians and DIY enthusiasts in North America.

Dorman Products, Inc. (NASDAQ: DORM) will release its Q4 and full-year 2023 financial results on February 26, 2024, followed by a conference call on February 27, 2024. The call will cover financial performance and future outlook, accessible via phone or webcast.

Dorman Products, Inc. (NASDAQ:DORM) has released the award-winning OE FIX™ Guide Vol. 5, showcasing innovative automotive repair solutions. The 32-page magazine highlights Dorman's successful previous editions, which have won industry awards. The latest volume continues to describe helpful repair solutions and tells the stories behind the brand trusted for over a century. Dorman OE FIX parts are designed to be better-than-OEM replacements, improving reliability, simplifying service, and reducing costs for customers. The fifth edition features stories on solutions for various vehicles, including longer-lasting camshaft phasers, upgraded intake manifold components, creative exhaust manifold replacements, patented shift cable ends, and improved control arms for select Tesla cars and SUVs. The OE FIX Guide is now being distributed to repair shops and parts stores throughout North America.