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Dec 31, 2024
Dorman Q4 2024 Earnings Report
Dorman reported strong Q4 2024 results with revenue and earnings growth.
Key Takeaways
Dorman Products delivered a solid Q4 2024, with revenue increasing 8.0% year-over-year to $533.8 million. Net income was $54.5 million, and adjusted EPS grew 40% to $2.20. The Light Duty and Specialty Vehicle segments drove growth, while the Heavy Duty segment saw a decline. The company generated $71 million in operating cash flow and repaid $54 million in debt.
Revenue increased 8.0% year-over-year to $533.8 million.
Net income rose to $54.5 million, with a 10.2% net income margin.
Adjusted EPS grew 40% to $2.20 from $1.57 in Q4 2023.
Generated $71 million in operating cash flow and repaid $54 million in debt.
Dorman
Dorman
Dorman Revenue by Segment
Revenue by Segment
Light Duty Revenue
CapyFin.comHeavy Duty Revenue
CapyFin.comSpecialty Vehicle Revenue
CapyFin.com Forward Guidance
Dorman expects revenue growth of 3% to 5% in 2025, with EPS between $7.00 and $7.30. Adjusted EPS is forecasted to range from $7.55 to $7.85, reflecting ongoing cost management and operational improvements.
Positive Outlook
- Projected revenue growth of 3% to 5% for 2025.
- Expected EPS range of $7.00 to $7.30 for the full year.
- Adjusted EPS guidance between $7.55 and $7.85.
- Continued investments in innovation and new product development.
- Strong balance sheet with a focus on debt reduction and cash generation.
Challenges Ahead
- Potential impact from macroeconomic conditions on aftermarket demand.
- Rising SG&A expenses due to operational investments.
- Decline in Heavy Duty segment sales in Q4 2024.
- Potential supply chain disruptions impacting cost efficiencies.
- Uncertainty around U.S. tariffs and trade policies affecting material costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income