COLMAR, Pa., April 14, 2025 (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 March 29, 2025 after the closing of the Nasdaq Stock Market on May 5, 2025. The Company also announced that it is scheduled to conduct a conference call and webcast of its first quarter 2025 financial results on May 6, 2025 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 within th ...

One company that I have a pretty good track record with is Dorman Products (NASDAQ: DORM ). This is a business that serves as a supplier of replacement and upgrade parts in the motor vehicle aftermarket industry. ExamplesCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyse ...

COLMAR, Pa., March 13, 2025 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing the release of 164 new automotive repair solutions this month for its Light Duty segment. Almost half of the new components and assemblies are aftermarket exclusives. The new products join a growing Light Duty catalog of over 133,000 SKUs, offering millions of new sales opportunities for automotive parts distributors, retailers and repair shops, as well as more accessible solutions for vehicle owners. This mont ...

The Zacks Automotive Replacement Parts industry is benefiting from an aging vehicle fleet as consumers prioritize repairs to keep older cars on the road. The growing complexity of modern, technology-driven vehicles is also driving demand for advanced replacement parts. Additionally, President Trump’s tariffs are expected to elevate the prices of new cars, making repairs a more cost-effective choice. The industry’s valuation remains attractive compared to the broader sector and the S&P 500. Leading players l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-K ____________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 0-18914 _________ ...

Dorman Products (DORM) Q4 2024 Earnings Call February 27, 2025 03:18 PM ET Company Participants Alexander Whitelam - Vice President - IRKevin Olsen - President, CEO & DirectorDavid Hession - Senior VP, CFO & TreasurerGary Prestopino - Managing DirectorJustin Ages - Director - Equity ResearchBret Jordan - Managing Director Conference Call Participants Scott Stember - Executive Director & Senior Research Analyst Operator Good morning and thank you for standing by. Welcome to the Dormant Products Fourth Quarte ...

DORMAN PRODUCTS, INC. Q4 2024 EARNINGS PRESENTATION FEBRUARY 27, 2025 TDORMANT Forward-Looking Statements & Non-GAAP Financial Measures FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "probably," "anticipates," "expects," "intends," "plans," "projects," "bel ...

Group 1 - Dorman Products reported quarterly earnings of $2.20 per share, exceeding the Zacks Consensus Estimate of $1.97 per share, and up from $1.57 per share a year ago, representing an earnings surprise of 11.68% [1] - The company achieved revenues of $533.77 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.68% and increasing from $494.3 million year-over-year [2] - Dorman Products has outperformed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates twice during the same period [2] Group 2 - The stock has underperformed the market with a decline of about 3.1% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $482.23 million, and for the current fiscal year, it is $7.54 on revenues of $2.09 billion [7] Group 3 - The Automotive - Replacement Parts industry, to which Dorman Products belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - Dorman Products currently holds a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]

Financial Performance - Total net sales for Q4 2024 were $533.8 million, an increase of 8.0% compared to $494.3 million in Q4 2023[5]. - Diluted EPS for Q4 2024 was $1.77, up 11% from $1.60 in the same quarter last year; adjusted diluted EPS was $2.20, up 40% from $1.57[9]. - For the full year 2024, net sales reached $2.009 billion, a 4.1% increase from $1.930 billion in 2023[10]. - Adjusted net income for the twelve months ended December 31, 2024, was $220,697 thousand, a significant increase of 54.3% from $143,175 thousand in the previous year[27]. - The company reported a diluted earnings per share (GAAP) of $6.14 for the twelve months ended December 31, 2024, compared to $4.10 in the previous year, reflecting a 49.4% increase[27]. Profitability Metrics - Gross profit for Q4 2024 was $221.7 million, representing 41.5% of net sales, compared to 39.3% in Q4 2023[6]. - Adjusted gross margin for the full year 2024 was 40.2%, up from 36.1% in the prior year[10]. - Gross profit margin improved to 40.2% for the twelve months ended December 31, 2024, compared to 36.1% for the same period in 2023[29]. - SG&A expenses for Q4 2024 were $135.0 million, or 25.3% of net sales, compared to $117.0 million, or 23.7% in Q4 2023[7]. - SG&A expenses as a percentage of net sales decreased to 24.1% for the twelve months ended December 31, 2024, down from 24.4% in 2023[32]. Cash Flow and Capital Management - The company generated $231 million in cash from operating activities for the full year, allowing for a $94 million reduction in debt and $78 million in stock repurchases[4]. - Cash provided by operating activities for the twelve months ended December 31, 2024, was $231,047 thousand, an increase of 10.7% compared to $208,758 thousand for the same period in 2023[25]. - Capital expenditures for the twelve months ended December 31, 2024, were $39,421 thousand, a decrease of 10.3% from $43,968 thousand in 2023[25]. Segment Performance - Light Duty segment net sales for Q4 2024 were $427.4 million, up 11% from $385.9 million in Q4 2023, with a profit margin increase of 350 basis points[9]. - Heavy Duty segment net sales decreased by 8% to $52.9 million in Q4 2024, with a profit margin decline of 470 basis points[9]. Guidance and Projections - For 2025, the company expects net sales growth of 3% to 5% and diluted EPS in the range of $7.00 to $7.30[5][14]. - The company provided guidance for fiscal 2025 with diluted earnings per share (GAAP) ranging from $7.00 to $7.30[41]. - Adjusted diluted earnings per share (Non-GAAP) is projected to be between $7.55 and $7.85 for fiscal 2025[41]. - Weighted average diluted shares outstanding is estimated at 30,800 for fiscal 2025[41]. Balance Sheet Highlights - Total assets increased to $2,424,521 thousand as of December 31, 2024, up from $2,292,407 thousand a year earlier, representing a growth of 5.8%[24]. - Total current liabilities increased slightly to $563,802 thousand as of December 31, 2024, from $547,151 thousand a year earlier, marking a 3.0% rise[24]. - The company’s retained earnings increased to $1,180,862 thousand as of December 31, 2024, up from $1,069,435 thousand in the previous year, indicating a growth of 10.4%[24]. Other Financial Adjustments - Fair value adjustments to contingent consideration totaled $7.1 million pretax and $20.5 million pretax for the three and twelve months ended December 31, 2023, respectively[4]. - Workforce reduction costs amounted to $5.0 million pretax for the twelve months ended December 31, 2024[5]. - Discrete tax adjustment for state tax matters totaled $8.1 million during the three and twelve months ended December 31, 2024[6]. - Tax adjustments totaled $(1.7) million and $(7.5) million during the three and twelve months ended December 31, 2024, respectively[7].

Core Insights - Dorman Products, Inc. reported strong financial results for Q4 and full year 2024, with net sales increasing by 8% in Q4 and 4.1% for the full year, driven by performance in Light Duty and Specialty Vehicle segments [3][5][9]. Financial Performance - Q4 2024 net sales reached $533.8 million, up from $494.3 million in Q4 2023, marking an 8% increase [5][10]. - Full year 2024 net sales totaled $2,009.2 million, compared to $1,929.8 million in 2023, reflecting a 4.1% growth [9][10]. - Gross profit for Q4 2024 was $221.7 million, representing 41.5% of net sales, an increase from 39.3% in Q4 2023 [6][10]. - For the full year 2024, gross profit was $806.4 million, or 40.1% of net sales, up from 35.5% in the prior year [11][12]. Earnings Metrics - Diluted EPS for Q4 2024 was $1.77, an 11% increase from $1.60 in Q4 2023, while adjusted diluted EPS rose 40% to $2.20 [8][10]. - Full year diluted EPS was $6.14, a 50% increase from $4.10 in 2023, with adjusted diluted EPS at $7.13, up 57% from $4.54 [12][10]. Segment Performance - In Q4 2024, Light Duty segment sales were $427.4 million, up 11% from $385.9 million in Q4 2023, with a profit margin increase of 350 basis points [8]. - Heavy Duty segment sales decreased by 8% to $52.9 million, with a profit margin decline of 470 basis points [8]. - Specialty Vehicle segment sales increased by 5% to $53.5 million, with a profit margin decrease of 350 basis points [8]. Cash Flow and Capital Management - Cash from operating activities for 2024 was $231 million, enabling the company to reduce debt by $94 million and repurchase $78 million in common stock [4][10]. - The company reported a significant increase in cash flow, with Q4 cash from operating activities at $71 million, compared to $59.6 million in Q4 2023 [27]. 2025 Guidance - Dorman Products expects net sales growth of 3% to 5% for 2025, with diluted EPS projected between $7.00 and $7.30, and adjusted diluted EPS between $7.55 and $7.85 [5][14].