NASDAQ$DORM
Dorman Products Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported record net sales and EPS results impacted by acquisition and inflationary pressure.
Dorman Products, Inc. reported a 16% increase in net sales to $348.4 million compared to Q3 2020, driven by robust customer demand and the acquisition of Dayton Parts. Diluted EPS was $1.04, slightly lower than the $1.06 reported in Q3 2020. The company experienced inflationary impacts due to global transportation and logistics constraints, which affected gross margin percentage.
- Net sales reached a record $348.4 million, a 16% increase compared to Q3 2020.
- Diluted earnings per share (EPS) were $1.04, compared to $1.06 in Q3 2020.
- Adjusted diluted EPS was $1.18, compared to $1.14 in Q3 2020.
- Completed the acquisition of Dayton Parts, accelerating the company’s heavy-duty growth strategy.
Headline financials
Revenue & EPS history
Dorman · Revenue · Quarterly
$348M
Forward guidance
The Company has revised its previous guidance of full year net sales growth to now be from 19% - 22%, while its full year adjusted diluted EPS* guidance remains unchanged, at $4.56 - $4.80 per diluted share.
Tailwinds
- Expectation of continued strength in customer demand
- Anticipated impact of pass-through pricing actions
- Balance sheet and liquidity remain strong
- Well positioned to continue to execute on our strategic priorities
- Actions in place to help offset freight and material inflation costs
Headwinds
- Freight and material inflation costs will be a headwind
- Potential impacts from future acquisitions
- Possible government-mandated shutdowns
- Supply chain disruptions caused by the ongoing COVID-19 pandemic
- Tight labor market and disrupted sourcing and logistical network that have increased costs and impacted fulfillment levels
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 Q3 2021
-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
| Quarter | Report date | Reaction (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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