Dorman Products (DORM) Tops Q2 EPS by 7c

Dorman Products (NASDAQ: DORM) reported Q2 EPS of $1.10, $0.07 better than the analyst estimate of $1.03. Revenue for the quarter came in at $310.6 million versus the consensus estimate of $287.87 million.

2021 Guidance

The Company confirms its previously issued 2021 guidance, which excludes any impact from the pending Dayton Parts acquisition. Dorman expects the Dayton Parts acquisition to close in the second half of 2021, at which time the Company expects to update its 2021 guidance.

Mr. Olsen continued, “While transitory costs and inflationary pressures continue to drive heightened volatility in our operating environment, we are maintaining our outlook, which reflects our expectations for our performance given our results to date, visibility into the remainder of the year and our belief that the automotive aftermarket industry dynamics will remain strong throughout the remainder of 2021. We anticipate that freight and material inflation costs will be a headwind to the Company throughout the year, and we have actions in place to help offset these impacts. Additionally, our balance sheet and liquidity remain strong, and we are well-positioned to continue to execute on our strategic priorities.”

For earnings history and earnings-related data on Dorman Products (DORM) click here.

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