NASDAQ$DORM

Dorman Products Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Delivered strong performance with earnings growth exceeding expectations.

Dorman Products, Inc. reported a 3.2% increase in net sales to $503.8 million and a 41% increase in diluted EPS to $1.80 for the third quarter of 2024. The company also updated its full-year guidance for 2024, anticipating net sales growth of 3.5% to 4.5% and diluted EPS in the range of $6.15 to $6.25.

  • Net sales increased by 3.2% to $503.8 million compared to the prior year.
  • Diluted earnings per share increased by 41% to $1.80 compared to the prior year.
  • Adjusted diluted EPS increased by 40% to $1.96 compared to the prior year.
  • The company raised its full-year net sales and EPS growth guidance.

Headline financials

Total Revenue

$504M

Previous: $488M+3.2%
EPS

$1.80

Previous: $1.40+28.6%
Capital Expenditures

-$31.2M

Previous: -$32.9M+5.1%
Free Cash Flow

$24M

Previous: $7.59M+216.5%
Net Income

$55.3M

Previous: $40.5M+36.4%
Operating Income

$79.3M

Previous: $64.2M+23.5%
Gross Profit

$204M

Previous: $183M+11.2%
Cash & Equivalents

$45.1M

Previous: $32M+41.2%
Total Assets

$2.36B

Previous: $2.26B+4.6%
Stock-Based Comp

$3.77M

Previous: $2.97M+26.7%

Revenue & EPS history

Dorman · Revenue · Quarterly

$504M

Q3 2024+3.2%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The Company updated its full-year 2024 guidance, detailed in the table below, which excludes any potential impacts from future acquisitions and divestitures, supply chain disruptions, significant inflation, interest rate changes and additional share repurchases.

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 2024

Historical avgQ3 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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