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Dorman Products, Inc. (NASDAQ: DORM) is a prominent supplier specializing in original equipment dealer
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Dorman Products, Inc. (NASDAQ:DORM) is releasing 400 new motor vehicle parts this month, representing millions of new sales opportunities for automotive parts distributors, retailers, and repair shops. The new products further reinforce Dorman’s position as a leading aftermarket provider of comprehensive powertrain repair solutions. This month’s new releases include an innovative Dorman® OE FIX™ exhaust manifold clamp repair kit with coverage for approximately 3 million select aging Ford and Lincoln vehicles. Dorman is also introducing a new OE FIX engine heater hose assembly, adding to a large and growing catalog of complex automotive hose assemblies. Dorman is also adding hundreds of new direct replacement parts and assemblies designed to match or improve upon the performance of the original equipment offerings. Some new and notable aftermarket-exclusive and direct replacement product releases for December 2023 include: Two throttle body connectors offering a combined 20 million repair opportunities on certain GM and Ford vehicles. Three new turbocharger components, including a new intercooler designed to match the fit and function of the original equipment unit on 1.75 million GMC and Chevrolet vehicles. A time-saving and convenient wheel hub and bearing assembly repair kit with coverage for 1 million select late model Ram 2500 and 3500 series trucks, featuring quality components carefully engineered to match the fit and performance of the factory assembly components.
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Dorman Products, Inc. reports third quarter 2023 net sales of $488.2 million, up 18% compared to the same period last year. The company achieved record diluted earnings per share (EPS) of $1.28, up 32% from $0.97 in the prior-year quarter. Adjusted diluted EPS increased by 20% compared to last year and 39% compared to the second quarter of 2023. Cash from operating activities was $56 million, and the company repaid $50 million of debt. The company updated its fiscal 2023 guidance.
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Dorman Products, Inc. to Report Q3 2023 Financial Results on October 31, 2023
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Dorman Products, Inc. releases 250 new motor vehicle parts, offering sales opportunities for distributors, retailers, and repair shops.
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Dorman Products, Inc. (NASDAQ:DORM) reports a 15% increase in net sales to $480.6 million and diluted EPS of $1.04 in Q2 2023. The company confirms its full-year 2023 guidance of net sales of $1.95 billion to $2.00 billion and adjusted diluted EPS of $5.15 to $5.35.
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Dorman Products, Inc. (NASDAQ:DORM) announced it will release its financial results for the first quarter ended April 1, 2023, before the Nasdaq opens on May 2, 2023. This report will provide insights into the company's performance within the aftermarket replacement products sector, which has been its focus for over 100 years. Dorman specializes in innovative solutions for motor vehicle repairs and offers a wide range of products covering various automotive needs, from chassis to electronic components.
Investors are encouraged to review Dorman's upcoming earnings report for key metrics such as revenue, earnings per share (EPS), and guidance for future performance. Stakeholders may also find additional information about the company through its investor relations section on the official website.
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FAQ
What is the current stock price of Dorman Products New (DORM)?
The current stock price of Dorman Products New (DORM) is $131.28 as of January 31, 2025.
What is the market cap of Dorman Products New (DORM)?
The market cap of Dorman Products New (DORM) is approximately 4.0B.
What does Dorman Products, Inc. specialize in?
Dorman Products specializes in original equipment dealer exclusive automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners.
Where is Dorman Products headquartered?
Dorman Products is headquartered in Colmar, Pennsylvania, USA.
What markets does Dorman serve?
Dorman serves the automotive and heavy-duty vehicle aftermarkets, primarily in the United States, with international distribution to Canada, Europe, the Middle East, and the Far East.
How many products does Dorman offer?
Dorman offers over 150,000 different products.
What are some of Dorman's sub-brands?
Dorman's sub-brands include Dorman Autograde™, Dorman Conduct-Tite®, Dorman FirstStop™, Dorman HD Solutions™, Dorman Help!®, and Dorman OE Solutions™.
How does Dorman distribute its products?
Dorman distributes its products through automotive and heavy vehicle aftermarket retailers, national, regional, and local warehouse distributors, specialty markets, and salvage yards.
What were Dorman's recent achievements?
In February 2024, Dorman released over 200 new repair solutions for motor vehicles and heavy-duty trucks.
How does Dorman maintain its financial health?
Dorman maintains its financial health by generating significant cash flow from operations, reducing debt, and buying back shares under its repurchase program.
What is Dorman's approach to innovation?
Dorman continuously innovates to meet current and future needs of technicians and DIYers, ensuring it remains a leader in the aftermarket industry.
Where can I find more information about Dorman's products and updates?
You can find more information on Dorman's official website, DormanProducts.com, where you can also sign up for monthly product release updates.
Dorman Products, Inc. New
Nasdaq:DORM
DORM Rankings
DORM Stock Data
3.97B
25.91M
15.03%
80.31%
1.21%
Auto Parts
Motor Vehicle Parts & Accessories
United States of America
COLMAR