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Dorman Products Inc (DORM.OQ)

DORM.OQ on NASDAQ Stock Exchange Global Select Market

81.12USD
11 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Dorman Products Inc Reports Second Quarter 2019 Results
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Dorman Products Inc ::DORMAN PRODUCTS, INC. REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.68.Q2 GAAP EARNINGS PER SHARE $0.66.Q2 SALES $254.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $263.7 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.12 -- REFINITIV IBES DATA.LOWERS FY 2019 GAAP EARNINGS PER SHARE VIEW TO $3.06 TO $3.30.SEES 2019 NON-GAAP DILUTED EPS OF BETWEEN $3.26 AND $3.46.SEES EXPECT SECOND HALF OF 2019 GAAP DILUTED EPS OF BETWEEN $1.70 AND $1.93.SEES SECOND HALF OF 2019 NON-GAAP DILUTED EPS OF BETWEEN $1.80 AND $2.00.SEES ESTIMATED NET SALES GROWTH TO NOW BE BETWEEN 7% AND 9% FOR FISCAL 2019.ADJUSTED GROSS MARGIN WAS 34.3% IN QUARTER COMPARED TO 39.3% IN SAME QUARTER LAST YEAR.DORMAN PRODUCTS QTRLY GROSS MARGIN DECLINE PRIMARILY DUE TO PASS-THROUGH OF TARIFF COSTS TO CUSTOMERS, DEALS COMPLETED IN LAST 12 MONTHS, OTHERS.FY2019 EARNINGS PER SHARE VIEW $4.44, REVENUE VIEW $1.06 BILLION -- REFINITIV IBES DATA.  Full Article

Dorman Products Reports Q1 Adj EPS Of $0.79
Monday, 29 Apr 2019 

April 29 (Reuters) - Dorman Products Inc ::DORMAN PRODUCTS, INC. REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.79.Q1 GAAP EARNINGS PER SHARE $0.71.Q1 SALES $243.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $247.2 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.00 -- REFINITIV IBES DATA.REAFFIRMS FY 2019 ADJUSTED EARNINGS PER SHARE VIEW $4.37 TO $4.53.REAFFIRMS FY 2019 GAAP EARNINGS PER SHARE VIEW $4.22 TO $4.38.SEES FY 2019 SALES UP 6 TO 10 PERCENT.ENGAGED IN SEVERAL SITE CONSOLIDATION ACTIVITIES DURING Q1 OF 2019."ANTICIPATE THAT WE WILL INCUR HIGHER COSTS THROUGHOUT 2019".DORMAN PRODUCTS - BEGAN TO TRANSFER EXISTING DISTRIBUTION OPERATIONS IN PORTLAND TO NEW PORTLAND DISTRIBUTION CENTER IN QUARTER."EXPECT BACKLOG TO NORMALIZE DURING Q2 AND OPERATIONAL COSTS TO MODERATE AS WE MOVE THROUGH 2019"."TARIFFS ARE NOT EXPECTED TO HAVE AN IMPACT ON OUR 2019 NET INCOME".  Full Article

Dorman Products Reports Q4 EPS $0.65
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Dorman Products Inc ::REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS, ISSUES FISCAL 2018 GUIDANCE.SEES FY 2018 GAAP EARNINGS PER SHARE $4.00 TO $4.23.Q4 ADJUSTED EARNINGS PER SHARE $0.87.Q4 GAAP EARNINGS PER SHARE $0.65.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.10 TO $4.32.SEES FY 2018 SALES UP 6 TO 9 PERCENT.Q4 SALES $227.7 MILLION VERSUS $229.1 MILLION.Q4 EARNINGS PER SHARE VIEW $0.87, REVENUE VIEW $234.5 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.80 -- THOMSON REUTERS I/B/E/S.Q1 2018 NET SALES GROWTH IS EXPECTED TO BE AT LOWER END OF FULL YEAR GUIDANCE.EPS BENEFIT FROM TAX REFORM INCLUDED IN 2018 GUIDANCE, NET OF REINVESTMENT IN BUSINESS, EXPECTED TO BE $0.58 TO $0.62."WE REMAIN BULLISH ON AUTOMOTIVE AFTERMARKET DESPITE SLOWER MARKET GROWTH IN 2017".  Full Article

Dorman Products Enters Into A New Credit Agreement
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Dorman Products Inc ::DORMAN PRODUCTS INC - ‍ ON DECEMBER 7, CO ENTERED INTO A NEW CREDIT AGREEMENT- SEC FILING.DORMAN PRODUCTS SAYS CREDIT AGREEMENT PROVIDES A $100 MILLION REVOLVING CREDIT FACILITY, INCLUDING $20 MILLION SUBLIMIT - SEC FILING.DORMAN PRODUCTS INC - HAS ABILITY TO REQUEST AN INCREASE OF REVOLVING CREDIT FACILITY SIZE IN FUTURE BY UP TO AN ADDITIONAL $100 MILLION.DORMAN PRODUCTS-CREDIT AGREEMENT REPLACED EXISTING CREDIT AGREEMENT,THIRD AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF JULY 24, 2006,AS AMENDED​.DORMAN PRODUCTS - SUBJECT TO EARLIER TERMINATION RIGHTS & EVENTS OF DEFAULT, STATED MATURITY DATE OF REVOLVING CREDIT FACILITY IS DEC 7, 2022.DORMAN PRODUCTS INC - PROCEEDS FROM REVOLVING CREDIT FACILITY WILL BE USED TO FINANCE CAPITAL EXPENDITURES.DORMAN PRODUCTS INC -THE ‍EXISTING CREDIT AGREEMENT WAS SCHEDULED TO EXPIRE ON JUNE 30, 2018​.  Full Article

Dorman Products Q3 earnings per share $0.80
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Dorman Products Inc ::Dorman Products, Inc. reports sales and earnings for the third quarter ended September 30, 2017.Q3 earnings per share $0.80.Q3 sales $224.6 million versus I/B/E/S view $234.1 million.Q3 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales up 6 percent.FY 2017 revenue view $923.5 million -- Thomson Reuters I/B/E/S.Dorman Products - ‍outlook for FY remains largely unchanged as we estimate annual sales growth to be in 6% range, EPS growth to be in high single digit range​.FY 2017 earnings per share view $3.45 -- Thomson Reuters I/B/E/S.  Full Article