earnings
confidence high
sentiment positive
materiality 0.80
Dorman Q3 net sales $503.8M, EPS $1.80 (+41%); raises FY EPS guidance to $6.15-$6.25; $500M buyback
Dorman Products, Inc.
2024-Q3 EPS reported
$4.37
revenue$1,475,425,000
- Q3 net sales $503.8M (+3.2% YoY); diluted EPS $1.80 (+41%); adjusted diluted EPS $1.96 (+40%).
- Light Duty sales +5%, Heavy Duty -5%, Specialty flat; segment profit margins improved across all segments.
- FY2024 diluted EPS guidance raised to $6.15-$6.25 (prev $5.32-$5.52); adjusted EPS $6.85-$6.95 (prev $6.00-$6.20).
- New $500M share repurchase program authorized, effective Jan 1, 2025 through Dec 31, 2027.
- Q3 share repurchases of $26.7M at avg price $97.70; $134.6M remaining under prior plan.