Dorman Products, Inc. (NASDAQ:DORM ) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Alex Whitelam - VP, IR and Risk Management David Hession - CFO Kevin Olsen - CEO Conference Call Participants Scott Stember - ROTH MKM Bret Jordan - Jefferies Operator Good morning, and thank you for standing by. Welcome to the Dorman Products Second Quarter 2024 Earnings Conference Call.
Dorman Products (DORM) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.01 per share a year ago.
The Zacks Automotive Replacement Parts industry's rank places it in the bottom 18% of around 250 Zacks industries. However, industry participants like GPC and DORM are worth considering due to their strong fundamentals.
The increasing average age of vehicles in the United States is likely to drive demand for aftermarket and auto replacement parts companies such as DORM, RUSHA, and GPC.
The increasing average age of vehicles in the United States is likely to drive demand for aftermarket and auto replacement parts companies such as DORM, RUSHA and GPC.
Here is how Dorman Products (DORM) and Geely Automobile Holdings Ltd. (GELYY) have performed compared to their sector so far this year.