NASDAQ$DORM
Dorman Products Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported strong top line growth, record profits, and robust cash flow.
Dorman Products reported an 18% increase in net sales to $488.2 million, with record diluted EPS of $1.28, up 32%, and adjusted diluted EPS of $1.40, up 20%. The company generated $56 million in cash from operating activities and repaid $50 million of debt. However, due to softer demand, the company lowered its full-year net sales and earnings forecast.
- Net sales increased by 18% to $488.2 million.
- Record diluted EPS reached $1.28, a 32% increase.
- Adjusted diluted EPS hit a record of $1.40, up 20% year-over-year and 39% compared to the previous quarter.
- Generated $56 million in cash from operating activities and repaid $50 million of debt.
Headline financials
Revenue & EPS history
Dorman · Revenue · Quarterly
$488M
Forward guidance
The company has updated its full-year 2023 guidance, which includes the impact of the SuperATV acquisition but excludes any potential impacts from future acquisitions, additional supply chain disruptions, significant interest rate increases, or share repurchases. Net Sales are expected to be $1.925B – $1.945B. Diluted EPS is expected to be $3.75 – $3.95. Adjusted Diluted EPS is expected to be $4.35 – $4.55.
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 2023
-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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