COLMAR, Pa., June 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is proud to announce the grand opening of a new drive shaft manufacturing facility in Virginia Beach, VA (USA). A ribbon cutting ceremony to celebrate the launch of the expansive factory at 464 Progress Lane is scheduled for Wednesday, June 12th. The facility joins existing Dorman sites in Reno, NV and Portland, TN that also design, manufacture and distribute the company's 3,600+ precision steel and aluminum driveshafts and r ...

COLMAR, Pa., June 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is proud to announce the grand opening of a new drive shaft manufacturing facility in Virginia Beach, VA (USA). A ribbon cutting ceremony to celebrate the launch of the expansive factory at 464 Progress Lane is scheduled for Wednesday, June 12th. The facility joins existing Dorman sites in Reno, NV and Portland, TN that also design, manufacture and distribute the company's 3,600+ precision steel and aluminum driveshafts and r ...

What's Driving the Vehicle Age? For starters, advancements in technology have improved vehicle quality, allowing cars to last longer. Additionally, the high cost of new vehicles is a significant factor. The average selling price of a new vehicle in the United States was more than $45,000 last month. Despite a decrease of more than $2,000 from the peak in December 2022, prices remain high, causing many consumers to delay new purchases and extend the lifespan of their current vehicles. Todd Campau, aftermarke ...

Key Insights From the Report Per the latest report released by S&P Global Mobility, the average age of U.S. vehicles hit a new record of 12.4 years in 2024, an increase of two months from 2023. This marks the seventh consecutive year of rising average vehicle age in the United States. With vehicles aging, the demand for repairs and maintenance rises, creating more opportunities for companies involved in the aftermarket and vehicle service industries. Dorman Products (DORM) , Rush Enterprises (RUSHA) and Gen ...

COLMAR, Pa., May 15, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of hundreds of new aftermarket automotive components and assemblies. The new products add to an expansive catalog of more than 120,000 SKUs, a depth and diversity of coverage offering millions of new sales and repair opportunities for customers throughout North America. Noteworthy among the hundreds of releases are ten Dorman® OE FIX™ innovations, adding to this flagship line of parts designed t ...

David Hession - CFO Kevin Olsen - CEO Dorman Products, Inc. (NASDAQ:DORM) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Conference Call Participants Operator I'd now like to turn the conference over to David Hession, Dorman's Chief Financial Officer. Thank you, sir. Please go ahead. Thank you. Good morning and welcome to Dorman's first quarter 2024 earnings conference call. I'm joined today by Kevin Olsen, our Chief Executive Officer. First, Kevin will provide a business update. Then I will review ...

Exhibit 99.1 Dorman Products, Inc. Reports First Quarter 2024 Results Highlights (All comparisons are to the prior year period unless otherwise noted): • Net sales of $468.7 million, up 0.4% compared to $466.7 million • Diluted earnings per share (“EPS”) of $1.05, up 483% compared to $0.18 • Adjusted diluted EPS* of $1.31, up 134% compared to $0.56 • Generated $52 million of cash from operating activities; repaid $15 million of debt and repurchased $27 million of its shares • The Company confirms its full-y ...

COLMAR, Pa., April 16, 2024 (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 30, 2024 before the opening of the Nasdaq Stock Market on May 7, 2024. The Company also announced that it is scheduled to conduct a conference call and webcast of its first quarter 2024 financial results on May 7, 2024 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 within th ...

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Dorman Products (DORM) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Dorman Products is one of 111 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measur ...

COLMAR, Pa., March 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing a strong finish to the first quarter of 2024, releasing hundreds of new products in March. More than half of the new releases are aftermarket firsts and dozens more are innovative repair solutions designed to save time or money. Underscoring Dorman's status as the leading brand for technicians and dedicated DIYers, this month's list adds to an unrivaled catalog of 122,000 SKUs. That depth and diversity of cover ...