Dorman

Dorman Products, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023

COLMAR, Pa., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • The Company reported third quarter 2023 net sales of $488.2 million, up 18% compared to net sales of $413.5 million in the third quarter of 2022.
  • Gross profit was $183.2 million in the third quarter of 2023, or 37.5% of net sales, compared to $131.9 million, or 31.9% of net sales, for the same quarter last year.
  • Adjusted gross margin* was 37.5% in the third quarter of 2023 compared to 32.0% in the same quarter last year.
  • Net interest expense was $12.2 million for the third quarter of 2023 compared to $2.3 million for the same quarter last year.

Summit Racing's Project 1000

Retrieved on: 
Thursday, October 19, 2023

The Summit Racing™ Pro LS Pistons are forged from 2618 aluminum alloy to handle big boost and nitrous.

Key Points: 
  • The Summit Racing™ Pro LS Pistons are forged from 2618 aluminum alloy to handle big boost and nitrous.
  • The combo also includes an ARP oil pump bolt and windage tray bolts; a Summit Racing™ Extended Life Oil Filter; and seven quarts of 10W-30 Summit Racing™ ZDDP Performance Motor Oil.
  • Spark is provided by a set of 40,000-volt Summit Racing™ High Output Ignition Coils, Summit Racing™ Ceramic Ignition Wires with ceramic-coated boots, and NGK spark plugs.
  • We used a Holley Dominator EFI Vehicle Management System to tune and control Project 1000.

Dorman introduces hundreds of new products, including more aftermarket exclusives and Dorman® OE FIX™ repair solutions

Retrieved on: 
Tuesday, October 10, 2023

Dorman’s OE FIX manifold features exclusive engineering upgrades that more effectively divert EGR heat and soot through the intake, offering a more reliable repair than the factory design.

Key Points: 
  • Dorman’s OE FIX manifold features exclusive engineering upgrades that more effectively divert EGR heat and soot through the intake, offering a more reliable repair than the factory design.
  • Dorman is also introducing an OE FIX 4WD actuator kit designed to fit millions of Ford and Lincoln vehicles on the road today.
  • Additional turbocharger components, including a coolant return line for select Ford cars and vans, extending Dorman’s already comprehensive line of turbo replacement and repair solutions.
  • To learn more about Dorman, take the Dorman Virtual Tour at DormanProducts.com/tour .

Coherent Appoints Dr. Christopher Dorman As Executive VP, Lasers Business

Retrieved on: 
Tuesday, July 18, 2023

PITTSBURGH, July 18, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Christopher Dorman has been named Executive Vice President, Lasers Business.

Key Points: 
  • PITTSBURGH, July 18, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Christopher Dorman has been named Executive Vice President, Lasers Business.
  • Dorman’s 21-year tenure with Coherent and his recognized expertise in laser technology make him the perfect choice to lead multiple businesses within our Lasers Segment,” said Dr. Vincent D. Mattera, Jr., Chair and CEO.
  • He joined Coherent in 2002 as a product manager and has held various positions as a general manager and vice president.
  • Dr. Dorman graduated from Oxford University with an MA (Oxon) in Physics and holds a Ph.D. in Lasers and Quantum Physics from Imperial College, London.

Elite Announces Completion of Majority Acquisition by TPG

Retrieved on: 
Thursday, June 1, 2023

Elite, a provider of financial and practice management solutions to law firms, today announced that it has completed its previously announced acquisition by TPG, a global alternative asset management firm.

Key Points: 
  • Elite, a provider of financial and practice management solutions to law firms, today announced that it has completed its previously announced acquisition by TPG, a global alternative asset management firm.
  • TPG acquired the business from Thomson Reuters, which has retained a minority interest in Elite.
  • With the help of TPG and Thomson Reuters, Elite will extend its commitment to customers by providing innovative solutions that improve and optimize the way they conduct business.
  • It’s a privilege to join Elite at this important time in our history.”
    “For years, Elite has served as the trusted, digital backbone for its customers,” said Tim Millikin, Partner at TPG.

Dorman launches hundreds of new products and dozens of aftermarket-exclusive repair solutions

Retrieved on: 
Monday, May 15, 2023

COLMAR, Penn., May 15, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of almost 200 new motor vehicle parts, more than a third of which are aftermarket-exclusive repair solutions.

Key Points: 
  • COLMAR, Penn., May 15, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of almost 200 new motor vehicle parts, more than a third of which are aftermarket-exclusive repair solutions.
  • The new products provide repair professionals and owners greater freedom to fix motor vehicles and expand revenue and profit opportunities for Dorman’s retailers and distributors.
  • When the sway bar bushings fail on those popular vehicles, the dealer solution is to offer a complete sway bar assembly.
  • To learn more about Dorman, take the Dorman Virtual Tour at DormanProducts.com/tour .

Dorman launches 250 new repair solutions for ICE, hybrid and EV powertrains, including 75 aftermarket exclusives

Retrieved on: 
Wednesday, April 12, 2023

COLMAR, Pa., April 12, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 250 new motor vehicle parts, including 75 aftermarket exclusives.

Key Points: 
  • COLMAR, Pa., April 12, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 250 new motor vehicle parts, including 75 aftermarket exclusives.
  • The dealer's repair solution typically requires the purchase of a costly intake manifold assembly that includes the motor, arm, manifold, fuel rail, and injectors.
  • The new Dorman® OE FIX™ IMRC assembly with upgraded tuning arm saves money and repair time by allowing the replacement of just the motor assembly.
  • The improved tuning arm design is made of brass to help provide increased service life and reduce future related repair costs.

Dorman launches 200 new repair solutions, including dozens of aftermarket exclusives, and new products for EVs

Retrieved on: 
Wednesday, March 8, 2023

COLMAR, Pa., March 08, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 200 new motor vehicle parts, including 80 aftermarket exclusives and several new products for popular electric vehicles (EVs).

Key Points: 
  • COLMAR, Pa., March 08, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 200 new motor vehicle parts, including 80 aftermarket exclusives and several new products for popular electric vehicles (EVs).
  • The new products advance Dorman’s mission of providing repair professionals and owners greater freedom to fix passenger, commercial, and recreational vehicles with internal combustion, hybrid, and electric powertrains.
  • Over the last decade, an increasing number of domestic and import vehicles have integrated active grille shutters into car and truck designs.
  • Like conventional grilles, these shutters allow air to flow through the radiator and into the engine compartment.

Dorman Products, Inc. Reports Fourth Quarter and Fiscal 2022 Results and Issues 2023 Guidance

Retrieved on: 
Tuesday, February 28, 2023

COLMAR, Pa., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the fourth quarter and full year ended December 31, 2022. Financial results include the impact of an additional week in the fourth quarter.

Key Points: 
  • The Company reported fourth quarter 2022 net sales of $501.3 million, up 25.9% compared to net sales of $398.2 million in the fourth quarter of 2021.
  • Net sales growth excluding SuperATV, acquired October 4, 2022, was 13.4% compared to the fourth quarter of 2021.
  • Gross profit was $157.8 million in the fourth quarter of 2022, or 31.5% of net sales compared to $131.4 million, or 33.0% of net sales, for the same quarter last year.
  • Adjusted gross margin* was 32.8% in the fourth quarter of 2022 compared to 34.6% in the same quarter of last year.

Dorman launches 400 new repair solutions, including 130 aftermarket exclusives and a dozen OE FIX™ innovations

Retrieved on: 
Wednesday, February 8, 2023

COLMAR, Pa., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 400 new motor vehicle parts, including 130 aftermarket exclusives.

Key Points: 
  • COLMAR, Pa., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of 400 new motor vehicle parts, including 130 aftermarket exclusives.
  • Among the new releases are a dozen innovative Dorman® OE FIX™ repair solutions designed to help save time, save money, or increase reliability.
  • This month’s new releases include two more additions to Dorman’s comprehensive array of components and accessories for turbochargers.
  • The Dorman catalog already includes hundreds of turbo-related parts covering millions of repair opportunities.