2020
Dorman Products reported sales, including fasteners, increased 6% to $257.7 million in the first quarter of 2020.  Gross profit dropped 3.1% to $84.8 million, with gross margin down to 32.9% compared to 35.9% in the same quarter last year.  Net income slipped 2.5% to $22.8 million.

“We started the year off strong, reporting first quarter net sales and earnings per share ahead of our expectations, driven by growth across both retail and warehouse distributor channels,” stated CEO Kevin Olsen.

Olsen said the “vast majority” of Dorman’s retail and wholesale customers are open for business, so all of Dorman’s U.S. facilities continue operating at this time, with modified staffing in certain locations.  Dorman is closely monitoring updates from local, state and federal authorities, and adjusting its operations as necessary.

Dorman has established enhancing safety protocols, including requiring administrative employees to work from home where applicable and implementing social distancing and sanitization practices at its facilities.  In addition, the company adopted a COVID-19 sick leave policy providing continued salary and benefits to eligible employees.

2019
During 2019, sales increased 1.8% to $991.3 million, with operating income down 38% to $105.8 million and net income dropping 37% to $83.7 million.

In 2019, Dorman transferred operations of its existing distribution facility in Portland, TN, to a larger facility nearby.  Dorman expects this move to improve customer service capabilities and efficiency.  However, in the first quarter of 2020, the Portland facility costs were approximately $1.3 million ($1 million after tax) higher due to lower productivity levels.

2018
Dorman Products reported record net sales and net income in fiscal 2018.

Sales, including fasteners, increased 7.8% to $973.7 million in 2018.  Operating income fell 2.8% to $171.1 million, while net income increased 25% to $133.6 million, while earnings per share rose 29% to $4.04.

“This past year will be remembered as a milestone in Dorman’s history,” stated CEO Kevin Olsen.

“From start to finish, 2018 brought dramatic and positive changes for our company that will drive our growth for years to come.”

Capital spending totaled $59.1 million in 2018.

Dorman Q4 sales rose 14% to $260.3 million, with net income up 1.7% to $34.6 million.

During 2018, Dorman Products completed construction of a 816,000 sq ft distribution facility in Portland, TN.

2017
Dorman Products reported sales, including fasteners, increased 5% to $903 million in 2017. Adjusted net income increased 8% to $114.7 million, while adjusted diluted earnings per share rose 10% to $3.37.

“We are pleased to announce another successful year highlighted by record sales and earnings,” stated CEO Matt Barton.

Capital spending totaled $94.4 million in 2017, which included the acquisition of Montreal, Canada-based MAS Automotive Distributors, Inc. for $67.3 million. MAS is a chassis parts and control arm company that generated $40 million in sales during 2017. Web: mas-industries.com

Dorman Q4 sales fell 0.9% to $227.7 million, with net income down 23% to $22 million.

2016
Dorman Products reported sales, including fasteners, increased 7% to $860 million in 2016. Gross profit rose 10% to $338.1 million, with gross margin edging up to 39.3%. EPS rose 18% to $3.07. R&D spending increased 12% to $18.9 million in 2016.

“We are pleased to announce another successful year highlighted by record sales and earnings,” stated CEO Matt Barton. “Our core mission continues to be identifying failure prone passenger car, light truck, and heavy duty truck parts that are only available from dealerships and make a high quality alternative available to our customers and end users.” 

Fourth quarter sales grew 12% to $229.1 million.

During 2016, Dorman repurchased 430,900 shares of its common stock at an average share price of $52.15.

Dorman Products designs, packages and markets more than 216,000 automotive replacement parts and fasteners, with about 43% of its business coming from such automotive aftermarket retailers as AutoZone, Pep Boys, Advance, NAPA, Wal-Mart, and AutoValue. Fasteners include oil drain plugs, wheel bolts, and wheel lug nuts.

Dorman has facilities in the U.S., Canada, China and India. Domestic warehouses are located in Warsaw, KY; Colmar, PA; Louisiana, MO; Baltimore; and Portland, TN.

Corporate Office: 3400 E. Walnut St., Colmar, PA 18915.
Tel: 215 997-1800
Web: dormanproducts.com
CEO: Kevin Olsen
Employees: 2,742