Dorman Products, Inc. New - DORM STOCK NEWS

Dorman Products reported record net sales of $501.3 million for Q4 2022, a 25.9% increase year-over-year. However, diluted EPS dropped to $0.57 from $1.07 in Q4 2021, while adjusted diluted EPS fell to $1.01 from $1.33. For fiscal 2022, net sales reached $1.73 billion, up 28.9%, with diluted EPS at $3.85 versus $4.12 the previous year. Contributing factors included an extra week of sales and the acquisition of SuperATV. However, gross margin declined to 31.5% from 33.0% due to inflationary pressures. The company anticipates continued growth in 2023 with guidance for net sales of $1.95B - $2.00B.

Dorman Products, Inc. (NASDAQ:DORM) announced the launch of 400 new motor vehicle parts, featuring 130 aftermarket exclusives, aimed at enhancing repair professionals' efficiency. This release includes innovative Dorman® OE FIX™ solutions that promise cost savings and increased reliability. Key products include a new turbo air intercooler and boost pressure relief valve for popular Ford and Lincoln vehicles. Additionally, upgraded engine heater hoses are designed to eliminate common failure points. Other notable products include a diesel fuel injector return hose for Chevy and GMC vehicles and a variable oil pump solenoid for Cadillac and Buick models.

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.