DORM Stock Recent News

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.

Missing earnings tends to make estimates fall and that has caused this stock to fall to the lowest Zacks Rank.

Dorman announced weaker-than-expected earnings for its third quarter. The automotive products company also lowered its full-year sales and earnings outlook, citing softening demand trends and an uncertain macro environment.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Dorman Products has seen a decline in earnings and stagnant growth, raising concerns given its high debt levels. DORM has experienced steady growth and made acquisitions to expand its product offerings on top of that. Margins and earnings per share have been under pressure, and the company's debt and operating issues make me cautious to get involved given the leverage incurred.

Dorman Products (DORM) came out with quarterly earnings of $1.01 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.29 per share a year ago.

COLMAR, Pa., July 18, 2023 (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 July 1, 2023 before the opening of the Nasdaq Stock Market on August 1, 2023.

Dorman Products is a leading provider of replacement and upgrade parts in the motor vehicle aftermarket industry, with a history of increasing revenue and net income. However, the company's recent acquisitions have significantly increased its debt load, reducing its free cash flow and leaving it with little room. While DORM's past performance is great, the current share price does not provide a sufficient margin of safety, given its higher debt, tighter margins, and higher inflation.

COLMAR, Pa., April 18, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM) today announced the Company will report its financial results for the first quarter ended April 1, 2023 before the opening of the Nasdaq Stock Market on May 2, 2023.

Dorman Products is an American company dedicated to the manufacture and marketing of various parts for automobiles. I assumed that Dorman would successfully sign new agreements with retail distributors, and improve the online sales channel through its website as well as the distributors.