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Last $50.04 USD
Change Today -0.57 / -1.13%
Volume 579.9K
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

dorman products inc (DORM) Key Developments

Dorman Products, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2014

Dorman Products, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 27, 2014. For the thirteen weeks, the company's net sales were $173,981,000 against $169,809,000 a year ago. Income from operations was $28,611,000 against $31,607,000 a year ago. Income before income taxes was $28,567,000 against $31,566,000 a year ago. Net income was $18,656,000 or $0.52 diluted per share against $20,619,000 or $0.56 diluted per share a year ago. Capital expenditures were $6,870,000 against $11,717,000 a year ago. The sales growth rate in the fourth quarter would have been 9% when adjusted for previously announced pre-enterprise resource planning system conversion stock-up orders that were shipped in the third quarter. Diluted EPS, as adjusted was $0.63 compared to $0.56 a year ago. For the fifty weeks, the company's net sales were $751,476,000 against $664,466,000 a year ago. Income from operations was $140,734,000 against $127,939,000 a year ago. Income from continuing operations before income taxes was $140,530,000 against $127,750,000 a year ago. Net income was $89,987,000 or $2.49 diluted per share against $81,920,000 or $2.24 diluted per share a year ago. Capital expenditures were $29,862,000 against $24,666,000 a year ago. The sales growth rate in the second half of 2014 was negatively impacted by softer order patterns from two customers that chose to reduce inventory levels. Growth rates for the rest of the business were in the low teens, which were down slightly from historical levels.

Dorman Products, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014

Dorman Products, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company's net sales were $197,796,000 compared to $177,953,000 a year ago. Revenue growth was driven by the combination of continued strong overall demand for products and customer stock-up orders in anticipation of quarter-end conversion to a new ERP system. Income from operations was $38,476,000 compared to $35,670,000 a year ago. Income before income taxes was $38,418,000 compared to $35,623,000 a year ago. Net income was $24,536,000 compared to $22,887,000 a year ago. Diluted earnings per share was $0.68 compared to $0.62 a year ago. Capital expenditures was $7,114,000 compared to $5,863,000 a year ago. For the nine months, the company's net sales were $577,495,000 compared to $494,657,000 a year ago. Income from operations was $112,123,000 compared to $96,332,000 a year ago. Income before income taxes was $111,963,000 compared to $96,184,000 a year ago. Net income was $71,331,000 compared to $61,301,000 a year ago. Diluted earnings per share was $1.96 compared to $1.67 a year ago. Capital expenditures was $22,992,000 compared to $12,949,000 a year ago.

Dorman Products, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

Dorman Products, Inc. announced earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported sales of $196.2 million, an increase of 21% from $162.3 million in the second quarter of 2013. Revenue growth was driven by the combination of strong overall demand for products and several large stocking orders and line updates. Net income increased 20% to $23.2 million, or $0.64 per diluted share, up from the prior year's net income of $19.3 million, or $0.53 per diluted share. The company reported income from operations of $36.7 million compared to $30.8 million, income before income taxes of $36.6 million compared to $30.7 million and capital expenditures of $8.9 million compared to $4.2 million for the last year. For the six months, sales increased 20% over the prior year period to $379.7 million from $316.7 million last year. Net income in 2014 increased 22% to $46.8 million from $38.4 million in the same period last year. Diluted earnings per share in 2014 rose 22% to $1.28 from $1.05 in the same period last year. The company reported income from operations of $73.6 million compared to $60.7 million, income before income taxes of $73.5 million compared to $60.6 million and capital expenditures of $15.9 million compared to $7.1 million for the last year.

Dorman Products, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2014

Dorman Products, Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported sales of $183.5 million, up 19% from $154.4 million in the first quarter of 2013. Revenue growth was driven primarily by strong overall demand for its products, higher revenues from recently-introduced products, and the shipment of several large line updates. Net income was $23.6 million or $0.64 per diluted share, up 23% from the prior year's net income of $19.1 million or $0.52 per diluted share. First quarter operating results continued the growth trends it experienced in 2013. Income from operations was $36.95 million compared to $29.91 million reported a year ago. Income before income taxes was $36.91 million compared to $29.86 million reported a year ago. Capital expenditures were $7.01 million compared to $2.846 million reported a year ago.

Dorman Products, Inc., Annual General Meeting, May 16, 2014

Dorman Products, Inc., Annual General Meeting, May 16, 2014., at 08:30 US Eastern Standard Time. Location: Law offices of Blank Rome LLP, One Logan Square,. Agenda: To elect six directors; to approve the company's executive compensation; to approve the material terms of the performance goals under the company's executive cash bonus plan and the company's 2008 stock option and stock incentive plan; to ratify KPMG LLP as independent registered public accounting firm for the 2014 fiscal year; and to transact any other business as may properly come before the annual meeting or any postponements or adjournments thereof.

 

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Industry Analysis

DORM

Industry Average

Valuation DORM Industry Range
Price/Earnings 20.1x
Price/Sales 2.4x
Price/Book 3.8x
Price/Cash Flow 19.8x
TEV/Sales 2.3x
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