Dorman Products (DORM) Releases Earnings Results, Beats Expectations By $0.04 EPS

Dorman Products (DORM) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.67. The company posted revenue of $208.20 million in the period, compared to analysts expectations of $203.57 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Dorman Products opened for trading at $52.63 and hit $54.03 on the upside on Friday, eventually ending the session at $53.8, with a gain of 1.87% or 0.99 points. The heightened volatility saw the trading volume jump to 2,26,855 shares. Company has a market cap of $1,871 M.

In a different news, on Feb 24, 2016, Edgar W Levin (director) sold 3,000 shares at $48.57 per share price. According to the SEC, on Feb 24, 2016, Matthew S Kohnke (CFO) sold 2,500 shares at $49.25 per share price. On Feb 1, 2016, Paul R Lederer (director) sold 4,000 shares at $50.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Dorman Products Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars light trucks and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners. Approximately 85% of the Company’s products are sold under brands that it owns and the remainders of its products are sold for resale under customers’ private labels other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train automotive body chassis and hardware. Its sub-brands include DORMAN OE Solutions DORMAN HELP! DORMAN TECHoice DORMAN AutoGrade DORMAN Conduct-Tite! DORMAN FirstStop and DORMAN HD Solutions.

Dorman Products

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