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Mar 30, 2024
Dorman Q1 2024 Earnings Report
Dorman's Q1 2024 results reflected a slight increase in net sales and a significant rise in diluted earnings per share.
Key Takeaways
Dorman Products reported a slight increase in net sales and a substantial improvement in diluted earnings per share for the first quarter of 2024. The company's focus on new and innovative products drove strong financial results, with a 98% year-over-year improvement in cash from operating activities.
Net sales increased by 0.4% to $468.7 million.
Diluted earnings per share rose by 483% to $1.05.
Adjusted diluted EPS increased by 134% to $1.31.
Cash from operating activities improved by 98% year-over-year, reaching $52 million.
Dorman
Dorman
Forward Guidance
The Company confirms its 2024 full-year guidance and expects net sales growth in the range of 3% to 5% over 2023, diluted EPS in the range of $4.71 to $5.01, and adjusted diluted EPS in the range of $5.40 to $5.70.