NASDAQ$DORM

Dorman Products Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Dorman's Q1 2024 results reflected a slight increase in net sales and a significant rise in diluted earnings per share.

Dorman Products reported a slight increase in net sales and a substantial improvement in diluted earnings per share for the first quarter of 2024. The company's focus on new and innovative products drove strong financial results, with a 98% year-over-year improvement in cash from operating activities.

  • Net sales increased by 0.4% to $468.7 million.
  • Diluted earnings per share rose by 483% to $1.05.
  • Adjusted diluted EPS increased by 134% to $1.31.
  • Cash from operating activities improved by 98% year-over-year, reaching $52 million.

Headline financials

Total Revenue

$469M

Previous: $467M+0.4%
EPS

$1.05

Previous: $0.56+87.5%
Gross Margin

38.7%

Previous: 31.0%+24.8%
Operating Margin

11.6%

Previous: 3.9%+197.4%
Net Income Margin

7.0%

Previous: 1.2%+483.3%
SG&A as % of Sales

27.1%

No prior period
Adj SG&A as % of Sales

24.9%

No prior period
Operating Cash Flow

$52M

No prior period
D&A

$13.9M

No prior period
Capital Expenditures

$10.8M

No prior period
Free Cash Flow

$22.1M

Previous: -$4.85M+554.7%
Net Income

$32.8M

Previous: $5.68M+477.7%
Operating Income

$54.4M

Previous: $18.1M+200.5%
Gross Profit

$181M

Previous: $144M+25.6%
Cash & Equivalents

$34.4M

Previous: $33.3M+3.4%
Total Assets

$2.22B

Previous: $2.26B-1.8%
Stock-Based Comp

$2.93M

Previous: $2.33M+25.6%

Revenue & EPS history

Dorman · Revenue · Quarterly

$469M

Q1 2024+0.4%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The Company confirms its 2024 full-year guidance and expects net sales growth in the range of 3% to 5% over 2023, diluted EPS in the range of $4.71 to $5.01, and adjusted diluted EPS in the range of $5.40 to $5.70.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.9%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.0%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+16.4%

Q4 2023

Best reaction

-16.6%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%+10.0%+10.5%
Q4 2025+2.0%+1.5%-8.7%
Q3 2025-9.8%-12.8%-12.6%
Q1 2025+6.6%+8.5%+10.5%
Q4 2024+3.2%+5.0%-2.7%
Q3 2024+10.4%+19.0%+20.9%
Q2 2024+1.5%+5.4%+11.9%
Q1 2024-1.8%-0.5%-2.5%
Q4 2023+16.4%+12.7%+17.8%
Q3 2023-10.1%-6.3%-1.0%
Q2 2023+4.7%+5.5%-2.6%
Q1 2023-0.7%+2.0%-4.5%
Q4 2022-2.8%-3.1%-9.6%
Q3 2022-14.8%-5.3%+4.0%
Q2 2022-12.3%-13.4%-16.5%
Q1 2022-1.8%+5.1%+4.4%
Q4 2021-3.1%-0.3%-0.1%
Q3 2021-1.7%+2.0%+18.8%
Q2 2021-3.3%-3.6%-7.2%
Q1 2021-12.0%-10.9%-9.0%
Q4 2020+9.6%+7.1%+9.0%
Q3 2020-0.2%-0.7%+5.7%
Q2 2020+8.8%+7.6%+11.7%
Q1 2020+15.5%+6.7%+20.5%
Q4 2019-16.6%-20.9%-32.2%
Q3 2019-13.0%-11.1%-10.6%
Q2 2019-13.3%-16.6%-14.1%
Q1 2019-6.3%-6.7%-13.0%
Q4 2018-8.0%-7.7%-4.6%
Q3 2018+10.6%+11.5%+24.4%
Q2 2018-2.1%-0.5%+10.2%
Q1 2018+0.6%+1.5%+0.4%
Q4 2017-3.2%-4.9%-10.9%
Q3 2017-4.4%-2.9%-3.7%
Q2 2017-4.9%-3.6%-14.9%
Q1 2017-0.7%+0.3%+1.4%
Q4 2016+7.1%+8.8%+9.7%
Q3 2016+3.2%+2.2%+17.2%
Q2 2016+8.9%+12.6%+11.3%
Q1 2016+0.9%
Q4 2015+11.5%
Q3 2015-9.2%
Q2 2015+6.8%
Q1 2015-7.4%
Q4 2014-5.4%
Q3 2014-0.1%
Q2 2014-10.2%
Q1 2014+2.3%
Q4 2013-1.0%
Q3 2013-0.3%
Q2 2013+0.4%
Q1 2013+8.5%
Q4 2011+1.9%
Q4 2012-7.2%
Q3 2012+1.3%
Q2 2012+11.6%
Q1 2011+0.1%
Q1 2012+2.4%
Q4 2009-3.0%
Q3 2010-3.4%
Q3 2011-3.4%
Q2 2010-5.3%
Q2 2011-5.3%
Q4 2010-5.3%
Q1 2010+0.5%

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