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SPOT, TILE, THC, DORM and MATX are five stocks with explosive relative price strength.
Does Dorman Products (DORM) have what it takes to be a top stock pick for momentum investors? Let's find out.
DORM's 2Q24 net sales increased by 4.7% year-over-year, with strong performance in the light duty segment. This segment's net sales increased 9%, driven by strong volume and new product introductions. For context, its light duty segment forms the largest share of its 2Q24 sales, accounting for 77%, while heavy duty and specialty vehicle account for 12% and 11%, respectively. Additionally, its adjusted margins expanded year-over-year due to cost-saving initiatives and easing inflationary pressures.
Dorman Products (DORM) could produce exceptional returns because of its solid growth attributes.
Dorman Products, Inc. (NASDAQ:DORM ) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Alex Whitelam - VP, IR and Risk Management David Hession - CFO Kevin Olsen - CEO Conference Call Participants Scott Stember - ROTH MKM Bret Jordan - Jefferies Operator Good morning, and thank you for standing by. Welcome to the Dorman Products Second Quarter 2024 Earnings Conference Call.
Dorman Products (DORM) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.01 per share a year ago.
Highlights (All comparisons are to the prior year period unless otherwise noted) :
COLMAR, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (“Dorman”) (NASDAQ:DORM) today announced the addition of Alexander S. Whitelam as Vice President, Investor Relations & Risk Management.
COLMAR, Pa., July 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the second quarter ended June 29, 2024 after the closing of the Nasdaq Stock Market on August 1, 2024.
COLMAR, Pa., July 11, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of hundreds of new aftermarket automotive components and assemblies.