earnings
confidence high
sentiment positive
materiality 0.75
Dorman Products Q1 EPS $1.05 (adjusted $1.31); revenue $468.7M, up 0.4% YoY; confirms FY guidance
Dorman Products, Inc.
2024-Q1 EPS reported
$1.05
revenue$468,701,000
- Diluted EPS $1.05 vs $0.18 prior year (+483%); adjusted diluted EPS $1.31 vs $0.56 (+134%).
- Net sales $468.7M, up 0.4%; gross margin expanded to 38.7% from 31.0% (adjusted 38.7% vs 32.4%).
- Light Duty segment sales up 3% to $359.3M; Heavy Duty down 15% to $57.8M; Specialty Vehicle up 1% to $51.6M.
- Generated $52M cash from ops; repaid $15M debt; repurchased $27M of shares.
- Confirms FY 2024 guidance: revenue growth 3-5%, diluted EPS $4.71-$5.01, adjusted diluted EPS $5.40-$5.70.