Revenue Update on Dorman Products(NASDAQ:DORM)

Dorman Products(NASDAQ:DORM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $209.57M. Analysts estimated a revenue of $214.10M. Earnings per share were $0.75.

Dorman Products (DORM) made into the market gainers list on Fridays trading session with the shares advancing 3.43% or 2.11 points. Due to strong positive momentum, the stock ended at $63.7, which is also near the day’s high of $63.75. The stock began the session at $61.71 and the volume stood at 2,18,475 shares. The 52-week high of the shares is $63.75 and the 52 week low is $40.17. The company has a current market capitalization of $2,213 M and it has 3,47,42,221 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Michael Kealey (SVP, Product) sold 2,710 shares at $54.28 per share price.Also, On May 31, 2016, Edgar W Levin (director) sold 2,750 shares at $54.91 per share price.On May 19, 2016, Paul R Lederer (director) sold 3,750 shares at $53.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Dorman Products Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars light trucks and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners. Approximately 85% of the Company’s products are sold under brands that it owns and the remainders of its products are sold for resale under customers’ private labels other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train automotive body chassis and hardware. Its sub-brands include DORMAN OE Solutions DORMAN HELP! DORMAN TECHoice DORMAN AutoGrade DORMAN Conduct-Tite! DORMAN FirstStop and DORMAN HD Solutions.

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