earnings
confidence high
sentiment positive
materiality 0.75
Dorman Q4 EPS $1.60 (+182%), guides FY2024 adjusted EPS $5.40-$5.70
Dorman Products, Inc.
2023-FY EPS reported
$4.10
revenue$1,929,788,000
- Q4 net sales $494.3M (-1% YoY; +3% ex-extra week); gross margin 39.3% vs 31.5%.
- Full-year 2023 net sales $1.93B (+11%); diluted EPS $4.10 (+6%); adjusted diluted EPS $4.54 (-5%).
- 2024 guidance: net sales growth 3-5%, diluted EPS $4.71-$5.01, adjusted diluted EPS $5.40-$5.70.
- Repaid $30M debt and repurchased $15M shares in Q4; cash from ops $60M.
- Segment realignment into Light Duty, Heavy Duty, Specialty Vehicle; Light Duty Q4 segment margin 16.6%.