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Sep 26, 2020
Dorman Q3 2020 Earnings Report
Dorman Products reported record quarterly net sales and diluted EPS driven by strong demand and execution.
Key Takeaways
Dorman Products reported a strong third quarter with record-high net sales of $300.6 million, an 18.4% increase compared to Q3 2019. Diluted EPS, on a GAAP basis, was $1.06, up from $0.65 in the same quarter last year. The company's performance was driven by improved customer demand and strategic initiatives, including cost savings from productivity improvements.
Record quarterly net sales and diluted EPS were achieved due to strong demand and execution.
Net sales increased by 18.4% to $300.6 million compared to $253.8 million in Q3 2019.
GAAP diluted EPS rose to $1.06 from $0.65 in Q3 2019.
The share repurchase program was increased to $500 million and extended through December 31, 2022.
Forward Guidance
Dorman is not providing guidance for the remainder of fiscal 2020 due to the uncertainty of the COVID-19 situation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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