Dorman Products Q1 net sales $401.6M (+39% YoY); adj. EPS $1.29 (+24%)

Dorman Products, Inc.

2022-Q1 EPS reported $1.11 revenue$401,579,000

Record net sales of $401.6M, up 39% YoY; diluted EPS $1.11 vs $1.02.
Adjusted diluted EPS $1.29, up 24% from $1.04; gross margin 33.2% vs 36.3%.
Reaffirms FY2022 guidance: net sales $1.60-$1.64B, adj. EPS $5.35-$5.55.
Repurchased 98,350 shares for $9.5M at avg $96.89; $136M remaining authorization.

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