Dorman Products

Dorman Products, Inc. engages in the supply of automotive replacement parts, fasteners, and service line products for the automotive aftermarket. Its products include power-train, automotive body, chassis, and hardware. The company was founded by Steven L. Berman and Richard N. Berman in October 16, 1978 and is headquartered in Colmar, PA.

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Dorman Products posts record Q4 sales, eyes segment growth targets

Dorman Products delivered strong financial performance in Q4 2023, driven by record net sales and improved margins, showcasing operational efficiency.
The company's strategic realignment, focus on innovation, debt reduction, and growth targets provide a solid foundation for future expansion and profitability.
While challenges exist in certain segments, Dorman's opportunities for growth through segment expansion, innovation, and strategic initiatives are promising.

Dorman Products excels in Q1 2024, navigates segment challenges

Dorman Products delivered a strong performance in Q1 2024, driven by robust financial metrics and innovative product offerings.
While facing challenges in the Heavy Duty segment, the company showcased resilience and a balanced approach to capital deployment.
Opportunities for growth exist in leveraging innovation, expanding market penetration, and capitalizing on positive market trends.
Overall, Dorman's performance and strategic direction position the company well for future growth and profitability.

Dorman Products reports robust Q2 performance amidst segment challenges

Dorman Products delivered a strong Q2 performance with notable sales growth, improved margins, and robust free cash flow generation, despite facing challenges in certain segments.
The company's strategic focus on new product launches, market share expansion, and debt reduction has strengthened its financial position and outlook for growth.
While opportunities exist in leveraging positive market trends and strategic initiatives, addressing challenges in specific segments and managing financial metrics will be key to sustained success.
Overall, Dorman Products' updated guidance reflects a positive trajectory with forecasted sales growth and increased earnings, signaling a promising outlook for investors and stakeholders.

Dorman Products reports solid Q3 results, eyes growth through innovation

Dorman Products' Q3 2024 performance showcased growth in net sales, improved profit margins, and a focus on innovation in complex electronics. While facing market pressures and headwinds, the company remains optimistic about future growth driven by new products and margin improvement strategies. With updated guidance reflecting strong performance, Dorman is poised for continued success in 2024.

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Dorman Products, Inc. engages in the supply of automotive replacement and upgrade parts for the motor vehicle aftermarket industry. Its products include automotive body, steering and suspension, undercar, underhood, hardware and accessories, and heavy-duty components. The company was founded by Steven L. Berman and Richard N. Berman on October 16, 1978 and is headquartered in Colmar, PA.

Missing earnings tends to make estimates fall and that has caused this stock to fall to the lowest Zacks Rank.

Bear Of The Day: Dorman Products (DORM)

Dorman Products' historical financial performance shows accelerating revenue growth and a significant increase in debt-to-equity ratio due to inventory buildup. Despite the debt situation, the latest results show signs of improvement, and management is actively working on reducing debt. Growth in the US automotive aftermarket industry and global vehicle sales will bolster DORM's growth outlook.

Dorman Products: Demand In Automotive Aftermarket And Global Vehicle Sales Set To Boost Growth

COLMAR, Pa., Dec. 07, 2023 (GLOBE NEWSWIRE) -- 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.

Dorman introduces hundreds of new products, including more aftermarket exclusives and Dorman® OE FIX™ repair solutions

Dorman announced weaker-than-expected earnings for its third quarter. The automotive products company also lowered its full-year sales and earnings outlook, citing softening demand trends and an uncertain macro environment.

Why Dorman Products Stock Dropped Today

Dorman Products (DORM) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.17 per share a year ago.

Dorman Products (DORM) Lags Q3 Earnings Estimates

Highlights (All comparisons are to the prior year period unless otherwise noted) :

Dorman Products, Inc. Reports Third Quarter 2023 Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Dorman Products (DORM) Stock?

Dorman Products has seen a decline in earnings and stagnant growth, raising concerns given its high debt levels. DORM has experienced steady growth and made acquisitions to expand its product offerings on top of that. Margins and earnings per share have been under pressure, and the company's debt and operating issues make me cautious to get involved given the leverage incurred.

Dorman Products: Pressured By Its M&A Overhang

Dorman Products (DORM) came out with quarterly earnings of $1.01 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.29 per share a year ago.

Dorman Products (DORM) Q2 Earnings and Revenues Miss Estimates

Dorman Products, Inc. Reports Second Quarter 2023 Results

COLMAR, Pa., July 28, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is launching almost 400 new motor vehicle parts this month, including 151 aftermarket-exclusive repair solutions. The new products represent millions of new sales opportunities for automotive parts distributors, retailers, and repair shops, and reflect Dorman's mission to provide technicians and owners greater freedom to fix motor vehicles with internal combustion, hybrid, and electric powertrains.

Dorman introduces hundreds of new products, including 151 aftermarket exclusives and dozens of upgraded OE FIX™ repair solutions

COLMAR, Pa., July 18, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM) today announced the Company will report its financial results for the second quarter ended July 1, 2023 before the opening of the Nasdaq Stock Market on August 1, 2023.

Dorman Products, Inc. Announces Date to Report Second Quarter 2023 Financial Results

Dorman Products is a leading provider of replacement and upgrade parts in the motor vehicle aftermarket industry, with a history of increasing revenue and net income. However, the company's recent acquisitions have significantly increased its debt load, reducing its free cash flow and leaving it with little room. While DORM's past performance is great, the current share price does not provide a sufficient margin of safety, given its higher debt, tighter margins, and higher inflation.

Dorman Products: The Growth Stock That Nobody Knew

COLMAR, Penn., May 15, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of almost 200 new motor vehicle parts, more than a third of which are aftermarket-exclusive repair solutions. The new products provide repair professionals and owners greater freedom to fix motor vehicles and expand revenue and profit opportunities for Dorman's retailers and distributors.

Dorman launches hundreds of new products and dozens of aftermarket-exclusive repair solutions

Dorman Products (DORM) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.29 per share a year ago.

Dorman Products (DORM) Lags Q1 Earnings and Revenue Estimates

Dorman Products, Inc. Reports First Quarter 2023 Results

COLMAR, Pa., April 18, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM) today announced the Company will report its financial results for the first quarter ended April 1, 2023 before the opening of the Nasdaq Stock Market on May 2, 2023.

Dorman Products, Inc. Announces Date to Report First Quarter 2023 Financial Results

COLMAR, Pa., April 12, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 250 new motor vehicle parts, including 75 aftermarket exclusives. The new products advance Dorman's mission of providing repair professionals and owners greater freedom to fix motor vehicles with a comprehensive range of powertrains, while also creating new revenue and profit opportunities for retailers and distributors.

Dorman launches 250 new repair solutions for ICE, hybrid and EV powertrains, including 75 aftermarket exclusives

Dorman Products is an American company dedicated to the manufacture and marketing of various parts for automobiles. I assumed that Dorman would successfully sign new agreements with retail distributors, and improve the online sales channel through its website as well as the distributors.

Dorman Products: M&A And Debt Reduction Could Push Stock Price

Dorman Products (DORM) delivered earnings and revenue surprises of 0% and 15.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Dorman Products (DORM) Q4 Earnings Meet Estimates

Dorman Products, Inc. Reports Fourth Quarter and Fiscal 2022 Results and Issues 2023 Guidance

COLMAR, Pa., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 400 new motor vehicle parts, including 130 aftermarket exclusives. The new products advance Dorman's mission of providing repair professionals and owners greater freedom to fix passenger, commercial, and recreational vehicles with internal combustion, hybrid, and electric powertrains. Among the new releases are a dozen innovative Dorman® OE FIX™ repair solutions designed to help save time, save money, or increase reliability.

Dorman launches 400 new repair solutions, including 130 aftermarket exclusives and a dozen OE FIX™ innovations

COLMAR, Pa., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM) today announced the Company will report its financial results for the fourth quarter and fiscal year ended December 31, 2022 before the opening of the Nasdaq Stock Market on February 28, 2023.

Dorman Products, Inc. Announces Date to Report Fourth Quarter and Fiscal 2022 Financial Results

COLMAR, Pa., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of OE FIX™ Guide Vol. 4, its award-winning publication highlighting its most innovative automotive repair solutions designed to help professionals make faster, longer-lasting repairs.

Dorman releases fourth edition of award-winning OE FIX™ Guide

COLMAR, Pa., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM), a leading aftermarket vehicle parts supplier, announced today the release of 400 new motor vehicle parts, 150 of which are first-to-the-aftermarket. These new releases continue Dorman's industry-leading innovation that delivered more than 4,000 new products in 2022 alone.

News for Dorman Products Stock (DORM)