DORM Earnings Prediction
The chart below shows how DORM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DORM sees a +3.48% change in stock price 10 days leading up to the earnings, and a +5.71% change 10 days following the report. On the earnings day itself, the stock moves by -2.76%. This data can give you a slight idea of what to expect for the next quarter's release.
DORM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
503.77M
3.19%
0.16%
Gross Margin
40.46%
7.81%
2.04%
Operating Margin
15.74%
19.70%
9.23%
Net Margin
10.97%
32.17%
16.33%
EPS
1.80
40.62%
17.65%
No Data Available
DORM Earnings Analysis
Dorman Products, Inc. New Corporation (DORM.O) Earnings Conference Call
Positive
Net Sales Increase: Consolidated net sales increased 3.2% year over year to $504 million.
Operating Margin Expansion: Adjusted operating margin was 17.1%, expanding 290 basis points compared to the same period last year.
EPS Growth Surge: Adjusted diluted EPS increased 40% over last year's Q3 to $1.96.
Free Cash Flow Utilization: Free cash flow was solid at $36 million, allowing us to repay $11 million of debt and repurchase $27 million of our shares during the quarter.
Segment Profit Margin Increase: Segment profit margin in Q3 was 19%, up 290 basis points compared to the same period last year.
Negative
Q3 Sales Growth: Consolidated net sales in the Q3 of $504 million, up 3% year over year. Similar to the second quarter, the growth was driven by the light duty business, which was fueled by increased customer demand and sales of new products that were launched this year.
Margin Improvement Amid Challenges: While market headwinds impacting our heavy duty and specialty vehicle businesses persisted through the quarter, both businesses drove margin improvement.
Gross Margin Improvement: Gross margin for the quarter was 40.5%, a 300 basis point increase compared to the prior year period. This improvement was driven by inflationary pressures easing across our segments and favorable mix from higher sales of new products bolstered by the operational efficiency initiatives we've been executing throughout the year.
Operating Income Improvement: Adjusted operating income was $86 million for the third quarter, up more than 24% compared to the same period last year. Adjusted operating margin expanded 290 basis points to 17.1% largely on gross margin improvement.
Free Cash Flow Decline: Free cash flow was $36 million in the third quarter, down 23% compared to the same period in 2023. The decline was primarily related to an increase in our inventory balance, offsetting lower operating cash with lower capital expenditures.
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DORM Earning Call Sentiment
Dorman Products, Inc. (DORM) Q3 2024 Earnings Call Transcript
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DORM.O
-0.08%Positive
The earnings call highlights strong financial performance with a 40% increase in EPS, improved margins, and a positive outlook with raised EPS guidance. Despite some market challenges, new product development and innovation are driving growth. The share repurchase program and increased liquidity are also positive indicators. Q&A insights suggest stability in the heavy-duty market and a focus on non-discretionary repairs, though some responses lacked specificity. Considering the company's market cap, these factors suggest a positive stock price movement of 2% to 8% over the next two weeks.
