2024-05-10 02:42:38 ET
Summary
- Dorman Products' past financials have shown strong net sales growth over the past three years, driven by acquisitions, new product launches, and price increases.
- For 1Q24, net sales continued to report growth. Additionally, 1Q24 profit margins are expanding when compared against the previous quarters.
- The Company's commitment to new product innovation and launches, as well as the growing number and age of vehicles in operation, are expected to support future growth.
- When compared against peers, DORM outperformed them in terms of growth outlook and profit margins. With strong upside potential, I am recommending a buy rating.
Synopsis
Read the full article on Seeking Alpha
For further details see:
Dorman Products: The Average Age Of U.S. Vehicles Is Rising