earnings
confidence high
sentiment positive
materiality 0.75
Dorman Products Q4 net sales up 32% to $398.2M; adjusted EPS $1.33; guides FY22 net sales +19-22%
Dorman Products, Inc.
2021-FY EPS reported
$4.12
revenue$1,345,249,000
- Q4 net sales record $398.2M (+32% YoY); GAAP diluted EPS $1.07 vs $1.11; adjusted diluted EPS $1.33 vs $1.19.
- FY21 net sales $1,345.2M (+23%); GAAP diluted EPS $4.12 vs $3.30; adjusted diluted EPS $4.64 vs $3.45.
- FY22 guidance: net sales $1.6B-$1.64B (+19-22%), diluted EPS $4.94-$5.14, adjusted diluted EPS $5.35-$5.55.
- Dayton Parts integration on schedule; acquisition contributed to Q4 growth and expected to accelerate Heavy Duty strategy.
- Repurchased 71,121 shares for $7.4M in Q4; $145.6M remaining under authorization.