Dorman(DORM)
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Dorman Products (DORM) Tops Q3 Earnings Estimates
ZACKS· 2024-10-31 22:20
Dorman Products (DORM) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this distributor of parts to automotive retailers would post earnings of $1.19 per share when it actually produced earnings of $1.67, delivering a surprise of 40.34%.Over ...
Dorman(DORM) - 2024 Q3 - Quarterly Results
2024-10-31 20:04
Exhibit 99.1 Dorman Products, Inc. Reports Third Quarter 2024 Results; Raises Full Year 2024 Earnings Guidance Highlights (All comparisons are to the prior year period unless otherwise noted): • Net sales of $503.8 million, up 3.2% compared to $488.2 million • Diluted earnings per share ("EPS") of $1.80, up 41% compared to $1.28 • Adjusted diluted EPS* of $1.96, up 40% compared to $1.40 • Repurchased $27 million of its shares and announced a new share repurchase authorization for up to $500 million • Update ...
Dorman Products, Inc. Reports Third Quarter 2024 Results; Raises Full Year 2024 Earnings Guidance
GlobeNewswire News Room· 2024-10-31 20:01
Highlights (All comparisons are to the prior year period unless otherwise noted): Net sales of $503.8 million, up 3.2% compared to $488.2 millionDiluted earnings per share (“EPS”) of $1.80, up 41% compared to $1.28Adjusted diluted EPS* of $1.96, up 40% compared to $1.40Repurchased $27 million of its shares and announced a new share repurchase authorization for up to $500 millionUpdates its full-year guidance for 2024 COLMAR, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dor ...
Aftermarket exclusives top Dorman's October new product releases
GlobeNewswire News Room· 2024-10-21 11:00
COLMAR, Pa., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing the release of hundreds of new aftermarket components and assemblies, adding to its expansive catalog of more than 133,000 SKUs. Several of these new offerings represent aftermarket exclusives, first-to-aftermarket solutions that help keep vehicles on the road for everyday drivers while providing millions of repair opportunities for parts distributors, retailers and repair shops. Designed to offer a better repai ...
Dorman Products, Inc. Announces Date to Report Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-10 20:01
COLMAR, Pa., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the "Company" or "Dorman") (NASDAQ: DORM) today announced the Company will report its financial results for the third quarter ended September 28, 2024 after the closing of the Nasdaq Stock Market on October 31, 2024. The Company also announced that it is scheduled to conduct a conference call and webcast of its third quarter 2024 financial results on November 1, 2024 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4 ...
Here is Why Growth Investors Should Buy Dorman Products (DORM) Now
ZACKS· 2024-08-22 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...
5 Relative Price Strength Stocks to Manage Market Volatility
ZACKS· 2024-08-09 12:41
Recent market sell-offs have been driven by a confluence of factors, contributing to the ongoing pullback and correction in major indexes. Investors are grappling with concerns over an economic slowdown and recession spurred by disappointing economic indicators. The recent weak jobs data for July, along with lower-than-expected job additions and a rise in the unemployment rate, have cast a shadow over the U.S. economy's prospects. This has intensified fears about the Federal Reserve's ability to achieve a " ...
Are You Looking for a Top Momentum Pick? Why Dorman Products (DORM) is a Great Choice
ZACKS· 2024-08-07 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Dorman Products: Light Duty Segment Leads Sales Growth
Seeking Alpha· 2024-08-07 06:05
Denis_prof Synopsis Dorman Products (NASDAQ:DORM) is a leading provider of upgrade and replacement parts in the automotive aftermarket industry. In 2Q24, DORM reported robust results, with net sales increasing by 4.7% year-over-year. This growth was mainly driven by its light duty segment, which increased by 9% year-over-year, partially offset by weaknesses in the specialty vehicle and heavy duty segments. For context, the light duty segment forms the largest share of DORM's total 2Q24 sales, accounting for ...
3 Reasons Why Growth Investors Shouldn't Overlook Dorman Products (DORM)
ZACKS· 2024-08-06 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the ...