Exhibit 99.1 Dorman Products, Inc. Reports Third Quarter 2024 Results; Raises Full Year 2024 Earnings Guidance Highlights (All comparisons are to the prior year period unless otherwise noted): • Net sales of $503.8 million, up 3.2% compared to $488.2 million • Diluted earnings per share ("EPS") of $1.80, up 41% compared to $1.28 • Adjusted diluted EPS* of $1.96, up 40% compared to $1.40 • Repurchased $27 million of its shares and announced a new share repurchase authorization for up to $500 million • Update ...

Highlights (All comparisons are to the prior year period unless otherwise noted): Net sales of $503.8 million, up 3.2% compared to $488.2 millionDiluted earnings per share (“EPS”) of $1.80, up 41% compared to $1.28Adjusted diluted EPS* of $1.96, up 40% compared to $1.40Repurchased $27 million of its shares and announced a new share repurchase authorization for up to $500 millionUpdates its full-year guidance for 2024 COLMAR, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dor ...

COLMAR, Pa., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing the release of hundreds of new aftermarket components and assemblies, adding to its expansive catalog of more than 133,000 SKUs. Several of these new offerings represent aftermarket exclusives, first-to-aftermarket solutions that help keep vehicles on the road for everyday drivers while providing millions of repair opportunities for parts distributors, retailers and repair shops. Designed to offer a better repai ...

COLMAR, Pa., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the "Company" or "Dorman") (NASDAQ: DORM) today announced the Company will report its financial results for the third quarter ended September 28, 2024 after the closing of the Nasdaq Stock Market on October 31, 2024. The Company also announced that it is scheduled to conduct a conference call and webcast of its third quarter 2024 financial results on November 1, 2024 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4 ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...

Recent market sell-offs have been driven by a confluence of factors, contributing to the ongoing pullback and correction in major indexes. Investors are grappling with concerns over an economic slowdown and recession spurred by disappointing economic indicators. The recent weak jobs data for July, along with lower-than-expected job additions and a rise in the unemployment rate, have cast a shadow over the U.S. economy's prospects. This has intensified fears about the Federal Reserve's ability to achieve a " ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Denis_prof Synopsis Dorman Products (NASDAQ:DORM) is a leading provider of upgrade and replacement parts in the automotive aftermarket industry. In 2Q24, DORM reported robust results, with net sales increasing by 4.7% year-over-year. This growth was mainly driven by its light duty segment, which increased by 9% year-over-year, partially offset by weaknesses in the specialty vehicle and heavy duty segments. For context, the light duty segment forms the largest share of DORM's total 2Q24 sales, accounting for ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 5% year-over-year to $503 million, with adjusted operating margin improving by 430 basis points [5][16] - Adjusted diluted EPS rose by 65% compared to the same period last year, reaching $1.67 [6][17] - Free cash flow was $51 million, used to repay $15 million of debt and repurchase $25 million of shares [6][21] Business Segment Data and Key Metrics Changes - Light Duty segment net sales were $385 million, a 9% increase year-over-year, with operating margin improving by 550 basis points to 17.1% [17][18] - Heavy Duty segment net sales decreased by 11% to $61 million, with operating margin at 4.4%, down 50 basis points year-over-year but up 440 basis points sequentially [18][19] - Specialty Vehicle segment net sales were $56 million, a 2% decrease year-over-year, but operating margin increased by 100 basis points to 17.8% [19][20] Market Data and Key Metrics Changes - The Light Duty market showed positive trends with increased vehicle miles traveled and a growing number of older vehicles [6][7] - Heavy Duty market remains soft, expected to continue through early 2025, while Specialty Vehicle market faces challenges but is capturing share [8][23] Company Strategy and Development Direction - The company is focused on innovation and automation to enhance operational efficiency and meet customer demands [12][14] - Investments in new product development and automation are expected to yield significant cost savings and operational benefits [14][24] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand for vehicles and parts, anticipating a rebound as economic volatility stabilizes [11][24] - The company raised its full-year earnings guidance, expecting consolidated net sales growth of 3% to 5% and adjusted diluted EPS of $6 to $6.20 [22][24] Other Important Information - The company has invested $14 million in capital for automation and operational improvements, expecting annualized net savings of approximately $8 million [14][15] - The net debt was reduced to $500 million, with a net leverage ratio of 1.44 times adjusted EBITDA [21] Q&A Session Summary Question: Insights on POS growth in Light Duty - Management noted broad-based growth across categories, with a solid quarter driven by new product launches, including 1,700 SKUs, 30% of which were new to the aftermarket [26][27] Question: Expected operating margins for Heavy Duty and Specialty - Management expects Light Duty and Specialty Vehicle margins in the high teens, while Heavy Duty margins are projected in the mid-to-high teens [28] Question: Core SKU performance in Light Duty - Most growth is attributed to new products, with the market growth estimated in the low single-digit range [29] Question: Specialty Vehicle market conditions - The Specialty Vehicle business has been flat, but inventory levels are normalizing, which may help future sales [30][31] Question: Impact of new vehicle sales on Specialty Vehicle sales - A significant portion of sales occurs within the first two years of a new vehicle sale, indicating that drops in new vehicle sales impact the business [32]