8/3/2015 11:43:00 AM
NEWS BRIEFS
Profit Down Despite Higher Dorman Sales
Dorman Products reported sales, including fasteners, increased 1% to $198.7 million in the second quarter of 2015. Gross profit nearly doubled to $76.6 million, while net income declined 0.4% to $23.1 million. Gross profit margin improved to 38.5% due to a favorable sales mix shift and lower transportation costs.
Sales during the first half of 2015 grew 2% to $387.2 million, with gross profit up 3.4% to $149.5 million and net income down 5% to $44.5 million.
Related Stories:
• U.S. Fastener Imports & Exports Continue Decline
• Many Fastener Stocks Lagging in 2015
Related Links:
Share: