Entering text into the input field will update the search result below

Margins suffer at Dorman Products in Q3

Oct. 28, 2019 7:14 AM ETDorman Products, Inc. (DORM) StockDORMBy: Niloofer Shaikh, SA News Editor
  • Dorman Products (NASDAQ:DORM) reports acquisition contributed ~1% to sales in Q3.
  • Adjusted gross margin rate deleveraged 400 bps to 34.3%, primarily due to a shift in customer mix to retail customers from warehouse distributors, redundant overhead costs resulting from operating out of two distribution locations in Portland, TN, and the pass-through of tariff costs to customers.
  • Adjusted SG&A expense rate +320 bps to 23.3%.
  • Operating margin rate down 700 bps to 10.6%.
  • The company did not repurchase shares during the quarter.
  • For 4Q19, the company expect financial results substantially in-line with 3Q19, assuming the continuation of current market conditions.
  • Previously: Dorman Products EPS misses by $0.18, misses on revenue (Oct. 28)

Recommended For You

More Trending News

About DORM Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
DORM--
Dorman Products, Inc.