earnings
confidence high
sentiment positive
materiality 0.75
Dorman Products Q2 2024: EPS up 47% to $1.53; raises full-year guidance
Dorman Products, Inc.
2024-Q2 EPS reported
$2.58
revenue$971,652,000
- Net sales $503.0M (+4.7% YoY); Light Duty up 9%, Heavy Duty down 11%, Specialty Vehicle down 2%.
- GAAP diluted EPS $1.53 vs $1.04 (+47%); adjusted diluted EPS $1.67 vs $1.01 (+65%).
- Adjusted gross margin expanded 450 bps to 39.6%; generated $63M operating cash flow.
- Full-year 2024 diluted EPS guidance raised to $5.32-$5.52 (prior $4.71-$5.01); adjusted $6.00-$6.20.
- Repaid $15M of debt and repurchased $25M of shares in the quarter.