earnings
confidence high
sentiment negative
materiality 0.80
Dorman Q3 net sales up 19% to $413.5M; acquires SuperATV; lowers FY EPS guidance
Dorman Products, Inc.
2022-Q3 EPS reported
$3.29
revenue$1,232,468,000
- Net sales $413.5M (+19% YoY); GAAP diluted EPS $0.97 (down 7%); adjusted EPS $1.17 (down 1%).
- Completed SuperATV acquisition for $490M cash + up to $100M earnout; closed Oct 4, 2022.
- FY2022 guidance: net sales raised to $1,650-1,690M; adj. diluted EPS lowered to $4.70-4.90 from $5.00-5.20.
- Higher interest rates cut Q3 EPS ~$0.17 via factoring; management sees margin improvement as supply chains ease.
- Repurchased 14,700 shares for $1.5M; $228M remains under authorization.