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.

Genuine Parts

The Zacks Automotive Replacement Parts industry's rank places it in the bottom 18% of around 250 Zacks industries. However, industry participants like GPC and DORM are worth considering due to their strong fundamentals.

2 Auto Replacement Stocks to Watch Despite Industry Headwinds

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 related driveline components in North America.

Dorman Products announces the grand opening of an additional USA-based drive shaft manufacturing facility

Rush Enterprises

The increasing average age of vehicles in the United States is likely to drive demand for aftermarket and auto replacement parts companies such as DORM, RUSHA, and GPC.

3 Auto Stocks to Capitalize on Aging U.S. Vehicles (Revised)

The increasing average age of vehicles in the United States is likely to drive demand for aftermarket and auto replacement parts companies such as DORM, RUSHA and GPC.

3 Auto Stocks to Capitalize on Aging U.S. Vehicles

Here is how Dorman Products (DORM) and Geely Automobile Holdings Ltd. (GELYY) have performed compared to their sector so far this year.

Is Dorman Products (DORM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?

Blue Bird

General Motors

Brokers are expressing optimism toward select auto stocks like BLBD, GM and DORM, indicating favorable underlying trends. Consider investing in these stocks to cash in on their promising prospects.

3 Broker-Favored Auto Stocks to Add to Your Portfolio Now

Dorman Products, Inc. (NASDAQ:DORM ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants David Hession - CFO Kevin Olsen - CEO Conference Call Participants Scott Stember - MKM Partners Bret Jordan - Jefferies Operator Good morning and thank you for standing by. Welcome to the Dorman Products First Quarter 2024 Earnings Conference Call.

Dorman Products, Inc. (DORM) Q1 2024 Earnings Call Transcript

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

Dorman Products, Inc. Reports First Quarter 2024 Results

Here is how Dorman Products (DORM) and Genuine Parts (GPC) have performed compared to their sector so far this year.

Is Dorman Products (DORM) Outperforming Other Auto-Tires-Trucks Stocks This Year?

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.

Dorman Products, Inc. Announces Date to Report First Quarter 2024 Financial Results

While the Zacks Automotive Replacement industry is currently battling multiple challenges, stocks like DORM and LKQ remain attractive due to their strong fundamentals.

2 Auto Replacement Stocks Holding Steady Despite Industry Woes

Here is how Dorman Products (DORM) and Michelin (MGDDY) have performed compared to their sector so far this year.

Are Auto-Tires-Trucks Stocks Lagging Dorman Products (DORM) This Year?

Allison Transmission Hlds

Among the Zacks Rank #1 (Strong Buy) list, Allison Transmission Holdings (ALSN) and Dorman Products (DORM) are two standouts in terms of value.

Time to Buy These Top Automotive Equipment Stocks for Value

Axos Financial Inc.

Li Auto Inc.

AX, LI, GM, WILYY and DORM have been added to the Zacks Rank #1 (Strong Buy) List on March 19, 2024.

New Strong Buy Stocks for March 19th

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 coverage offers millions of new sales opportunities for automotive and heavy-duty parts distributors, retailers, and repair shops.

Dorman new releases for March include dozens of cost-saving repair solutions and aftermarket-exclusive innovations

Dorman Products (DORM) could produce exceptional returns because of its solid growth attributes.

Is Dorman Products (DORM) a Solid Growth Stock? 3 Reasons to Think "Yes"

Dorman Products (DORM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Dorman Products (DORM) Rating Upgrade to Buy

Dorman Products, Inc. (DORM) Q4 2023 Earnings Call Transcript

Dorman Products (DORM) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.01 per share a year ago.

Dorman Products (DORM) Q4 Earnings Surpass Estimates

Dorman Products, Inc. Reports Fourth Quarter and Full Year 2023 Results; Issues 2024 Guidance

COLMAR, Penn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is on a roll, releasing more than two hundred new motor vehicle and heavy-duty truck repair solutions this month alone. The new products represent millions of new sales opportunities for automotive and heavy-duty parts distributors, retailers, and repair shops, reinforcing Dorman's position as the premier go-to source for technicians and dedicated DIYers.

Newest light- and heavy-duty repair innovations reinforce Dorman's leadership of the automotive aftermarket

COLMAR, Pa., Feb. 12, 2024 (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 full year ended December 31, 2023 after the closing of the Nasdaq Stock Market on February 26, 2024.

Dorman Products, Inc. Announces Conference Call Webcast and Date to Report Fourth Quarter and Full Year 2023 Financial Results

COLMAR, Pa., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of OE FIX™ Guide Vol. 5, its award-winning publication highlighting its most innovative automotive repair solutions designed to help mechanics make faster, longer-lasting repairs.

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

COLMAR, Pa., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) hasn't lost any momentum from a successful 2023 that featured more than 3,000 new product launches, and is announcing 325 new motor vehicle parts to start the new year. These January 2024 releases represent millions of new sales opportunities for automotive parts distributors, retailers, and repair shops and reinforce Dorman's position as a leading aftermarket provider of comprehensive powertrain repair solutions.

Dorman rolls into 2024 with more than 300 new products, including more aftermarket exclusives and Dorman® OE FIX™ innovations

Standard Motor Products

While the auto replacement parts industry is grappling with high operational costs, logistical and supply chain disruptions among other challenges, LKQ, DORM and SMP are still worth considering.

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