Dorman Products Earnings: Here’s Why Investors are Happy Now
Dorman Products, Inc. (NASDAQ:DORM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.65%.
Dorman Products, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.83% to $0.52 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 12.67% to $154.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dorman Products, Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.5. It beat the average revenue estimate of $153.5 million.
Quoting Management: “We are pleased that the operating results of the Company have returned to levels more in line with our expectations after the flat fourth quarter of 2012. Our growth continues to be fueled by recently introduced new products developed as a result of past investments,” said Mr. Steven Berman, Chairman and Chief Executive Officer.
Key Stats (on next page)…