Dorman Products ( (DORM) ) has released its Q1 earnings. Here is a breakdown of the information Dorman Products presented to its investors.
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Dorman Products, Inc., a prominent player in the motor vehicle aftermarket industry, specializes in providing innovative aftermarket replacement products designed to enhance vehicle maintenance and repair efficiency.
In its latest earnings report, Dorman Products announced a robust financial performance for the first quarter of 2025, showcasing significant growth in both net sales and earnings per share. The company reported net sales of $507.7 million, marking an 8.3% increase from the previous year, alongside a 78% rise in diluted earnings per share to $1.87.
Key financial highlights include an adjusted diluted EPS of $2.02, up 54% from the prior year, and a gross profit of $207.7 million, representing 40.9% of net sales. The company also generated $51 million in cash from operating activities, repaid $20 million of debt, and repurchased $12 million of its shares. Dorman’s Light Duty segment drove the sales increase, while the Heavy Duty and Specialty Vehicle segments saw slight declines.
Looking ahead, Dorman Products maintains a positive outlook for 2025, reaffirming its full-year guidance with expected net sales growth of 3% to 5% and diluted EPS between $7.00 and $7.30. Despite challenges such as tariffs and supply chain disruptions, the company remains confident in its ability to deliver value to its customers and stakeholders.