Dorman Q3 2024 Earnings Report
Key Takeaways
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.
Dorman
Dorman
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.