NASDAQ$DORM

Dorman Products Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record quarterly net sales and EPS, propelled by robust demand and strong execution.

Dorman Products, Inc. reported a strong fourth quarter in 2020, with net sales reaching $301.2 million, a 26% increase compared to Q4 2019. GAAP diluted EPS was $1.11, up 106% from $0.54 in the prior year, and adjusted diluted EPS was $1.19, a 129% increase from $0.52 in Q4 2019. The company surpassed $1 billion in annual net sales for the first time in its history.

  • Dorman surpassed $1 billion in annual net sales in 2020 for the first time in company history.
  • Record quarterly net sales and earnings per share were driven by robust demand and strong execution.
  • Net sales reached $301.2 million, a 26% increase compared to $239.6 million in Q4 2019.
  • GAAP diluted EPS was $1.11, up 106% compared to $0.54 in Q4 2019; adjusted diluted EPS was $1.19, up 129% compared to $0.52 in Q4 2019.

Headline financials

Total Revenue

$301M

Previous: $240M+25.7%
EPS (adj)

$1.19

Previous: $0.52+128.8%
Gross Margin

37.0%

Previous: 32.7%+13.1%
Operating Margin

15.2%

No prior period
Net Income Margin

11.9%

No prior period
Capital Expenditures

$3.39M

Previous: $4.9M-30.9%
Free Cash Flow

$2.86M

Previous: $35.7M-92.0%
Net Income

$36M

Previous: $17.5M+104.9%
Operating Income

$45.9M

Previous: $21.9M+109.7%
Gross Profit

$111M

Previous: $78.3M+42.3%
Cash & Equivalents

$156M

Previous: $68.4M+127.6%
Total Assets

$1.22B

Previous: $1.04B+17.3%
Stock-Based Comp

$3.52M

Previous: $44K+7893.2%

Revenue & EPS history

Dorman · Revenue · Quarterly

$301M

Q4 2020+25.7%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Dorman will not be providing guidance for the 2021 fiscal year at this time due to the uncertain environment regarding the COVID-19 pandemic.

Tailwinds

  • Company feels well-positioned for 2021.
  • Company will continue to execute on our strategic initiatives.
  • Company feels confident that this will result in continued strong organic growth.
  • Company will pursue strategic acquisitions.
  • Company expects to lead to long term shareholder value.

Headwinds

  • COVID-19 situation remains uncertain and continues to evolve.
  • Difficult to determine the full impact that the pandemic will have on overall demand and Dorman’s operations.
  • Environment remains extremely fluid given the number of uncertainties regarding the COVID-19 pandemic.
  • Uncertainties include new strains of the virus.
  • Uncertainties include freight and logistical challenges and the pace of vaccinations.

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 Q4 2020

Historical avgQ4 2020

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro