Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Dorman Products (DORM) - Dorman Products currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - DORM shares have increased by 11.21% over the past week, while the Zacks Automotive - Replacement Parts industry has declined by 1.21% during the same period [5] - Over the past month, DORM's price change is 20.68%, significantly outperforming the industry's 0.18% [5] - In the last quarter, DORM shares rose by 23.99%, and over the past year, they have gained 99.93%, compared to the S&P 500's increases of 15.2% and 38.09%, respectively [6] Trading Volume - DORM's average 20-day trading volume is 181,714 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for DORM have been revised upwards, increasing the consensus estimate from $6.15 to $6.90 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Dorman Products is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [9]

Growth Stocks Overview - Growth stocks are attractive due to their above-average financial growth and potential for exceptional returns, but they carry higher risk and volatility [1] - Identifying great growth stocks is challenging, especially if a company's growth story is nearing its end [1] Zacks Growth Style Score - The Zacks Growth Style Score helps identify cutting-edge growth stocks by analyzing a company's real growth prospects beyond traditional attributes [2] - Dorman Products (DORM) is recommended by the Zacks system, with a favorable Growth Score and a top Zacks Rank [2] Earnings Growth - Earnings growth is a critical factor for growth stocks, with double-digit growth indicating strong prospects and potential stock price gains [3] - Dorman Products' historical EPS growth rate is 16.7%, but its projected EPS growth for this year is 52%, significantly higher than the industry average of 30.8% [4] Cash Flow Growth - Cash flow growth is particularly important for growth-oriented companies, enabling them to fund new projects without external financing [5] - Dorman Products' year-over-year cash flow growth is 1.6%, outperforming the industry average of -14% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 3.4%, compared to the industry average of 3% [6] Earnings Estimate Revisions - Positive trends in earnings estimate revisions are strongly correlated with near-term stock price movements [7] - Dorman Products' current-year earnings estimates have been revised upward, with the Zacks Consensus Estimate surging 12.3% over the past month [8] Conclusion - Dorman Products has a Growth Score of B and a Zacks Rank 1, positioning it well for outperformance, making it an attractive option for growth investors [8][9]

Dorman Products (DORM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The ...

Have you been paying attention to shares of Dorman Products (DORM) ? Shares have been on the move with the stock up 26.4% over the past month. The stock hit a new 52-week high of $138.15 in the previous session. Dorman Products has gained 65.1% since the start of the year compared to the -8.7% move for the Zacks Auto-Tires-Trucks sector and the -21% return for the Zacks Automotive - Replacement Parts industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as i ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 3.2% year over year to $504 million [8][26] - Adjusted operating margin expanded by 290 basis points to 17.1% [8][27] - Adjusted diluted EPS rose by 40% to $1.96 compared to the previous year's Q3 [8][27] - Free cash flow was solid at $36 million, allowing for debt repayment of $11 million and share repurchase of $27 million [8][34] Business Line Data and Key Metrics Changes - Light Duty segment net sales were $394 million, up 5% year over year, with a segment profit margin of 19%, an increase of 290 basis points [28][29] - Heavy Duty segment net sales decreased by 5% to $60 million, but operating margin improved by 150 basis points to 4.5% [30][31] - Specialty Vehicle segment net sales remained flat at $51 million, with segment profit margin increasing by 350 basis points to 17% [32][33] Market Data and Key Metrics Changes - Vehicle miles traveled were higher year over year, contributing to positive trends in the Light Duty segment [9] - The Heavy Duty market is showing signs of stabilization after recent pressures, although predicting a growth inflection remains difficult [10][31] - Specialty Vehicle segment faced market headwinds but anticipates increased demand as interest rates stabilize [11][33] Company Strategy and Development Direction - The company is focusing on innovation and new product development, particularly in complex electronics, to drive growth [13][20] - Dorman aims to diversify its supplier base and geographic exposure as part of its strategic initiatives [10] - The company is committed to long-term growth by investing in people, processes, and next-generation solutions [40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Light Duty segment's momentum continuing into Q4 [37] - There are expectations for improved performance in Heavy Duty and Specialty Vehicle segments as market conditions stabilize [38] - The company is well-positioned to capitalize on growth opportunities as market conditions improve [31][38] Other Important Information - The company has approved a new share repurchase authorization of up to $500 million covering 2025 through 2027 [34] - Net debt was reported at $492 million, with a net leverage ratio of 1.36 times adjusted EBITDA [35] Q&A Session Summary Question: Light Duty segment performance amidst market softness - Management noted that Dorman's growth is driven by new products and is less affected by DIY trends, focusing on the commercial side of the business [43][44] Question: Heavy Duty segment margin outlook - Management indicated that while the Heavy Duty market is stabilizing, they expect to return to mid-teen operating profit margins when the market improves [45] Question: Specialty Vehicle segment's non-discretionary repair focus - Management confirmed that over half of the Specialty Vehicle segment's business is now non-discretionary repair, a significant increase since the acquisition [47][48] Question: Complex electronics product margins - Management stated that new complex electronics products generally carry a higher margin profile than existing aftermarket products [49][50] Question: Impact of potential tariff changes - Management expressed confidence in their diversified supply chain and readiness to adapt to any tariff changes [51][52] Question: Electric vehicle parts outlook - Management emphasized that while electric vehicles are a smaller portion of the market now, they are prepared to address parts for all vehicle types, including electric and hybrid [54][55]

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 ...

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 ...

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 ...

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 ...

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 ...