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Dorman Products (DORM)
NASDAQ:DORM
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.97Last Year’s EPS
1.57Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 16.05%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with notable achievements in revenue growth, operating margins, and EPS increase. There are challenges, particularly in the Heavy Duty segment and cash flow impact due to inventory, but the overall outlook and performance metrics are largely positive.Company Guidance
During the Dorman Products Third Quarter 2024 Earnings Conference Call, guidance for the year was updated based on strong performance and anticipated growth. The company narrowed its net sales growth expectations to between 3.5% and 4.5% over 2023. Adjusted diluted EPS guidance was increased to a range of $6.85 to $6.95, representing a 51% to 53% rise from the previous year. This optimistic outlook is driven by robust new product sales, particularly in complex electronics, which carry higher margins, and successful operational efficiency initiatives. Despite challenges in the Heavy Duty and Specialty Vehicles segments, Dorman remains confident in its strategic positioning and long-term growth prospects.Solid Top Line Growth
Consolidated net sales increased 3.2% year-over-year to $504 million.
Operating Margin Expansion
Adjusted operating margin was 17.1%, expanding 290 basis points compared to the same period last year.
Significant EPS Increase
Adjusted diluted EPS increased 40% over last year's third quarter to $1.96.
Positive Free Cash Flow
Free cash flow was solid at $36 million, allowing debt repayment and share repurchase.
Light Duty Segment Performance
Net sales for Light Duty were $394 million, up 5% compared to last year.
Margin Improvement in Heavy Duty and Specialty Vehicles
Both segments drove margin improvement despite market headwinds.
Updated Guidance
Adjusted diluted EPS is expected to increase by 51% to 53% for 2024.
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DORM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DORM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $114.03 | $127.79 | +12.07% |
| Aug 01, 2024 | $98.58 | $102.84 | +4.32% |
| May 07, 2024 | $92.89 | $91.37 | -1.64% |
| Feb 26, 2024 | $83.09 | $96.26 | +15.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dorman Products (DORM) report earnings?
Dorman Products (DORM) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Dorman Products (DORM) earnings time?
Dorman Products (DORM) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DORM EPS forecast?
DORM EPS forecast for the fiscal quarter 2024 (Q4) is 1.97.
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