Dorman Products

Dorman new releases for March include dozens of cost-saving repair solutions and aftermarket-exclusive innovations

Retrieved on: 
Tuesday, March 12, 2024
OE, F-150, CMCV, Ford, Dorman Products, Jeep Cherokee, Jeep, Infiniti, VIO, PCV, Safety, Coyote, Ram, Video game

More than half of the new releases are aftermarket firsts and dozens more are innovative repair solutions designed to save time or money.

Key Points: 
  • More than half of the new releases are aftermarket firsts and dozens more are innovative repair solutions designed to save time or money.
  • Underscoring Dorman’s status as the leading brand for technicians and dedicated DIYers, this month’s list adds to an unrivaled catalog of 122,000 SKUs.
  • That depth and diversity of coverage offers millions of new sales opportunities for automotive and heavy-duty parts distributors, retailers, and repair shops.
  • Two integrated door lock actuators, expanding Dorman’s lengthy list of products and applications for this category of critical safety assemblies.

Dorman Products, Inc. Reports Fourth Quarter and Full Year 2023 Results; Issues 2024 Guidance

Retrieved on: 
Monday, February 26, 2024
Share repurchase, EPS, Dorman Products, Video game

COLMAR, Pa., Feb. 26, 2024 (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, 2023.

Key Points: 
  • As a result, we achieved fourth quarter adjusted diluted EPS* of $1.57, which increased 55% over last year.
  • The Company reported fourth quarter 2023 net sales of $494.3 million, down 1% compared to net sales of $501.3 million in the fourth quarter of 2022.
  • Adjusted gross margin* was 39.3% in the fourth quarter of 2023 compared to 32.8% in the same quarter last year.
  • Diluted EPS was $1.60 in the fourth quarter of 2023, up 182% compared to diluted EPS of $0.57 in the same quarter last year.

Stertil-Koni Welcomes Brett Delp as National Account Manager

Retrieved on: 
Tuesday, March 5, 2024
CrossFit, Education, Golf, HD, Hobby, DeSales University, Camping, Business administration, Dorman Products, Knowledge, Hockey, National accounts

STEVENSVILLE, Md., March 5, 2024 /PRNewswire-PRWeb/ -- Stertil-Koni, the leading provider of heavy-duty vehicle lifts in North America, including bus lifts and truck lifts, today announced that Brett Delp has joined the company as National Account Manager. Delp brings more than 13 years of extensive experience in the commercial vehicle industry to his new post, including firsthand shop knowledge, product development, national fleet management, and national account management.

Key Points: 
  • Stertil-Koni, the leading provider of heavy-duty vehicle lifts in North America, including bus lifts and truck lifts, today announced that Brett Delp has joined the company as National Account Manager.
  • STEVENSVILLE, Md., March 5, 2024 /PRNewswire-PRWeb/ -- Stertil-Koni, the leading provider of heavy-duty vehicle lifts in North America, including bus lifts and truck lifts, today announced that Brett Delp has joined the company as National Account Manager.
  • Delp brings more than 13 years of extensive experience in the commercial vehicle industry to his new post, including firsthand shop knowledge, product development, national fleet management, and national account management.
  • Prior to joining Stertil-Koni, Delp most recently served as National Account Manager for Dorman Products, where he successfully grew fleet relationships and distribution networks nationally.

Newest light- and heavy-duty repair innovations reinforce Dorman’s leadership of the automotive aftermarket

Retrieved on: 
Thursday, February 15, 2024
Hyundai, Ageing, HD, Electronics, GM, VIO, Dorman Products, Ford, Automotive industry

The new products represent millions of new sales opportunities for automotive and heavy-duty parts distributors, retailers, and repair shops, reinforcing Dorman’s position as the premier go-to source for technicians and dedicated DIYers.

Key Points: 
  • The new products represent millions of new sales opportunities for automotive and heavy-duty parts distributors, retailers, and repair shops, reinforcing Dorman’s position as the premier go-to source for technicians and dedicated DIYers.
  • Senior Vice President Eric Luftig underscored the importance of that comprehensive offering to Dorman’s growing North American audience.
  • “We take seriously our responsibility as a leader in our industry to provide the full range of products our customers need to succeed.
  • Our new product development efforts reflect a value to the aftermarket that’s unique to Dorman: We don’t just meet technicians’ and DIYers’ current needs.

Dorman Products, Inc. Announces Conference Call Webcast and Date to Report Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, February 12, 2024
ID, Webcast, Dorman Products

COLMAR, Pa., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the fourth quarter and full year ended December 31, 2023 after the closing of the Nasdaq Stock Market on February 26, 2024.

Key Points: 
  • COLMAR, Pa., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the fourth quarter and full year ended December 31, 2023 after the closing of the Nasdaq Stock Market on February 26, 2024.
  • The Company also announced that it is scheduled to conduct a conference call and webcast of its fourth quarter and full year 2023 financial results on February 27, 2024 at 8 a.m.
  • During the call, the Company will discuss its financial performance as well as future expectations.
  • The conference call can be accessed by dialing (888) 440-4182 within the U.S. or +1 (646) 960-0653 outside the U.S.

Dorman releases fifth edition of award-winning OE FIX™ Guide

Retrieved on: 
Monday, February 5, 2024
Sonic, Marketing, OE, Toyota, Cruze, Mechanics, Content, SUV, Chevrolet Cruze, Dorman Products

COLMAR, Pa., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of OE FIX™ Guide Vol.

Key Points: 
  • COLMAR, Pa., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of OE FIX™ Guide Vol.
  • Highlights from the fifth edition include stories on Dorman OE FIX solutions such as:
    Longer-lasting camshaft phasers and variable valve timing solenoids.
  • The OE FIX Guide is being distributed now to repair shops and parts stores throughout North America.
  • To read it online now, and learn even more about Dorman OE FIX products, visit DormanProducts.com/OEFIX .

USD 30.83 billion growth expected in Automotive Parts Aftermarket Market in US between 2022 and 2027, Analysing Growth in passenger vehicles segment - 17,000+ Technavio Research Report

Retrieved on: 
Friday, February 2, 2024
Online, Traction, Summit Racing Equipment, Timken Company, LKQ Corporation, Growth, EBay, ACDelco, ZF Friedrichshafen, WeatherTech, NAPA Auto Parts, USD, Delphi Technologies, OE, Amazon, Safety, Challenge, JC Whitney, Advance Auto Parts, O'Reilly Auto Parts, Eckler, Name, KYB Corporation, Filter (signal processing), Dorman Products, Denso, Carquest, Pep Boys, AutoZone, Genuine Parts Company, AutoNation, Jegs High Performance, Gates Corporation, Online shopping

NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion from 2022 to 2027, according to Technavio.
  • Aftermarket automotive parts typically come with warranties ranging from 1 to 3 years, enhancing buyer confidence in the commercial market.
  • The growth in the availability of automotive aftermarket parts on e-commerce platforms is a significant trend impacting the growth.
  • What are the key data covered in this Automotive Parts Aftermarket Market In US report?

Dorman rolls into 2024 with more than 300 new products, including more aftermarket exclusives and Dorman® OE FIX™ innovations

Retrieved on: 
Monday, January 22, 2024
VIO, OE, Clogging, VVT, Mercury, Corrosion, Cadillac, Dorman Products, Ford, GMC, Ageing

This month’s new releases include an innovative Dorman® OE FIX™ transmission oil cooler bypass valve, with coverage for approximately 1.5 million select Chevrolet, GMC and Cadillac SUVs and pickup trucks.

Key Points: 
  • This month’s new releases include an innovative Dorman® OE FIX™ transmission oil cooler bypass valve, with coverage for approximately 1.5 million select Chevrolet, GMC and Cadillac SUVs and pickup trucks.
  • The Dorman OE FIX valve is designed to help optimize cooler and transmission performance and provide a more permanent repair.
  • Machined from solid aluminum billet, it also features an additional access port to make routine service more convenient.
  • Note: Vehicle-in-Operation (VIO) information in this press release is based on Dorman’s analysis of third-party reports.

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

Retrieved on: 
Thursday, December 7, 2023
Dorman Products, GM, Catalog, Ford, Ageing, GMC, OE, VIO, Ford Fusion, Video game

The new products further reinforce Dorman’s position as a leading aftermarket provider of comprehensive powertrain repair solutions.

Key Points: 
  • The new products further reinforce Dorman’s position as a leading aftermarket provider of comprehensive powertrain repair solutions.
  • This month’s new releases include an innovative Dorman® OE FIX™ exhaust manifold clamp repair kit with coverage for approximately 3 million select aging Ford and Lincoln vehicles.
  • When an exhaust manifold fastener breaks on those vehicles, repairing it conventionally usually requires significant labor, up to and including removing the cylinder head.
  • The new Dorman OE FIX replacement features upgraded aluminum connectors to help prevent similar failures in the future.

Dorman Products, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Dorman, Growth, EPS, Acquisition, Dorman Products, SuperATV, Pharmaceutical industry, Bank, Video game

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.