The Latest Breaking News from Dorman Products

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

The auto parts industry has successfully overcome various disruptions impeding its growth and has showcased tremendous resilience. Amid this backdrop, is Dorman Products (DORM), with its wide range of product offerings, a solid pick? Continue to read….

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…

According to Benzinga Pro, during Q4, Dorman Products (NASDAQ:DORM) earned $34.08 million, a 2.95% increase from the preceding quarter. Dorman Products also posted a total of $398.18 million in sales, a 14.28% increase since Q3.

  Dorman Products (NASDAQ:DORM) reported its Q4 earnings results on Tuesday, February 22, 2022 at 07:00 AM. Here's what investors need to know about the announcement.