The Latest Breaking News from Dorman Products

Dorman Products shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

Dorman Products shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

Dorman Products saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.

A Relative Strength Rating upgrade for Dorman Products shows improving technical performance.

Dorman Products shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.

The Nasdaq and S&P 500 led the downside while U.S. crude oil continued to fall below $100 a barrel.

Upgrades

According to Benzinga Pro, during Q1, Dorman Products (NASDAQ:DORM) earned $35.21 million, a 3.31% increase from the preceding quarter. Dorman Products also posted a total of $401.58 million in sales, a 0.85% increase since Q4.

Dorman Products Inc (NASDAQ:DORM) reported first-quarter FY22 revenue growth of 39% year-on-year to $401.58 million, beating the consensus of $371.84 million. Gross profit rose 27.5% Y/Y to $133.2 million, and the margin contracted 310 basis points Y/Y to 33.2%. The operating margin contracted 290 basis points to 11.6%, and operating income for the…