Dorman ProductsNASDAQ: DORM

Dorman Products, Inc. (NASDAQ:DORM ) Q3 2024 Results Conference Call November 1, 2024 8:00 AM ET Company Participants Alex Whitelam - VP, IR and Risk Management Kevin Olsen - CEO David Hession - CFO Conference Call Participants Scott Stember - ROTH MKM Bret Jordan - Jefferies Gary Prestopino - Barrington Research Operator Good morning, and thank you for standing by. Welcome to the Dorman Products Third Quarter 2024 Earnings Conference Call.

Dorman Products (DORM) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.40 per share a year ago.

Highlights (All comparisons are to the prior year period unless otherwise noted) :

COLMAR, Pa., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing the release of hundreds of new aftermarket components and assemblies, adding to its expansive catalog of more than 133,000 SKUs. Several of these new offerings represent aftermarket exclusives, first-to-aftermarket solutions that help keep vehicles on the road for everyday drivers while providing millions of repair opportunities for parts distributors, retailers and repair shops.

Dorman Products (DORM) is well positioned to outperform the market, as it exhibits above-average growth in financials.

SPOT, TILE, THC, DORM and MATX are five stocks with explosive relative price strength.

DORM's 2Q24 net sales increased by 4.7% year-over-year, with strong performance in the light duty segment. This segment's net sales increased 9%, driven by strong volume and new product introductions. For context, its light duty segment forms the largest share of its 2Q24 sales, accounting for 77%, while heavy duty and specialty vehicle account for 12% and 11%, respectively. Additionally, its adjusted margins expanded year-over-year due to cost-saving initiatives and easing inflationary pressures.

Dorman Products (DORM) could produce exceptional returns because of its solid growth attributes.

Dorman Products, Inc. (NASDAQ:DORM ) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Alex Whitelam - VP, IR and Risk Management David Hession - CFO Kevin Olsen - CEO Conference Call Participants Scott Stember - ROTH MKM Bret Jordan - Jefferies Operator Good morning, and thank you for standing by. Welcome to the Dorman Products Second Quarter 2024 Earnings Conference Call.