Dorman Products Q4 net sales up 25.9% to $501.3M; GAAP EPS $0.57; issues 2023 guidance
Dorman Products, Inc.
- Record Q4 net sales $501.3M (+25.9% YoY); FY2022 net sales $1.73B (+28.9%).
- Q4 GAAP diluted EPS $0.57 (down from $1.07); adjusted diluted EPS $1.01 (down from $1.33).
- FY2022 GAAP diluted EPS $3.85; adjusted diluted EPS $4.76 (up from $4.64).
- 2023 guidance: net sales $1.95B-$2.00B, GAAP EPS $4.35-$4.55, adjusted EPS $5.15-$5.35.
- Acquisition of SuperATV completed Oct 2022; extra week in Q4 added ~$19M sales.