Dorman Products, Inc. Reports Third Quarter 2023 Results
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.
- 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.