Dorman Products, Inc. Announces Date to Report Fourth Quarter and Full Year 2024 Financial Results

Dorman Products, Inc. (NASDAQ: DORM) has announced that it will report its fourth quarter and full year 2024 financial results on February 13, 2025. The company's stock price has been on an upward trajectory, with analysts predicting a decrease of -7.00% from the current stock price of $130.65. Dorman Products has a market capitalization of $39.87 billion, a P/E ratio of 21.88, and a forward P/E ratio of 17.36.

Dorman Products' financial performance has shown significant improvement over the past year. The company's revenue has increased by 5.71% from $1.93 billion in the previous year to $2.04 billion in the current year. This growth is expected to continue, with a projected increase of 3.48% to $2.11 billion in the next year. Dorman Products' earnings per share (EPS) have also seen a substantial increase of 71.66% from $4.10 in the previous year to $7.04 in the current year. This growth is expected to continue, with a projected increase of 9.09% to $7.68 in the next year.

Dorman Products' gross profit margin has improved to 40.5% from 37.5% in the previous year, indicating enhanced operational efficiency. The company's Light Duty segment has shown a 5% growth, while the Heavy Duty segment has declined by 5%. The Specialty Vehicle segment has remained flat. Despite the decline in the Heavy Duty segment, the overall revenue growth is positive.

Dorman Products has updated its full-year 2024 guidance, now expecting net sales growth of 3.5% to 4.5% and diluted EPS of $6.15-$6.25. The company has also repurchased $27 million in shares and announced a new $500 million share repurchase authorization.

Analysts have a positive outlook on Dorman Products' stock, with the average target price being $121.5, a low estimate of $90, and a high estimate of $153. The average target predicts a decrease of -7.00% from the current stock price of $130.65.

Dorman Products' valuation metrics compare favorably to its peers in the auto parts industry, with a higher P/E ratio and market capitalization. To improve its valuation metrics, Dorman Products could focus on increasing earnings growth, expanding market share, improving operational efficiency, and diversifying its product offerings.

In conclusion, Dorman Products' financial performance has shown significant improvement over the past year, with revenue and earnings growth expected to continue in the coming years. The company's valuation metrics compare favorably to its peers in the auto parts industry, and analysts have a positive outlook on the stock. As Dorman Products reports its fourth quarter and full year 2024 financial results, investors will be watching closely to see if the company can maintain its strong performance and continue to grow.