Dorman Products, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 25, 2022
October 24, 2022 at 07:01 am EDT
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Dorman Products, Inc. reported earnings results for the third quarter and nine months ended September 25, 2022. For the third quarter, the company reported sales was USD 413.47 million compared to USD 348.43 million a year ago. Net income was USD 30.6 million compared to USD 33.1 million a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 1.04 a year ago.
For the nine months, sales was USD 1,232.47 million compared to USD 947.07 million a year ago. Net income was USD 103.71 million compared to USD 97.45 million a year ago. Diluted earnings per share from continuing operations was USD 3.29 compared to USD 3.04 a year ago.
Dorman Products, Inc. is a supplier of replacement and upgrade parts in the motor vehicle aftermarket industry, serving passenger cars, light, medium, and heavy-duty trucks, as well as specialty vehicles, including utility terrain vehicles (UTVs) and all-terrain vehicles (ATVs). The Company is an aftermarket supplier of parts that are traditionally available to professional installers and consumers only from original equipment manufacturers or salvage yards. These parts include leaf springs, intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation (EGR) coolers, UTV windshields, and complex electronics modules. Its product classes include powertrain, chassis, motor vehicle body, and hardware. Its products are sold primarily through aftermarket retailers, including through their online platforms; dealers; national, regional and local warehouse distributors and specialty markets; and salvage yards.