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Dorman Products fiscal Q2 profit climbs YOY


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Dorman Products fiscal Q2 profit climbs YOY

Dorman Products Inc. said its normalized net income for the fiscal second quarter ended June 27 came to 65 cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.

EPS increased year over year from 63 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $23.0 million, compared with $22.9 million in the year-earlier period.

The normalized profit margin dropped to 11.6% from 11.7% in the year-earlier period.

Total revenue climbed on an annual basis to $198.7 million from $196.2 million, and total operating expenses climbed year over year to $161.8 million from $159.5 million.

Reported net income totaled $23.1 million, or 65 cents per share, compared to $23.3 million, or 64 cents per share, in the year-earlier period.