Dorman Products Inc. (DORM) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $32.8 million, or $1.05 per share. This compares with $5.7 million, or $0.18 per share, in last year's first quarter.
Excluding items, Dorman Products Inc. reported adjusted earnings of $40.8 million or $1.31 per share for the period.
Analysts on average had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.4% to $468.7 million from $466.7 million last year.
Dorman Products Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $32.8 Mln. vs. $5.7 Mln. last year.
-EPS (Q1): $1.05 vs. $0.18 last year.
-Revenue (Q1): $468.7 Mln vs. $466.7 Mln last year.
-Guidance:
Full year EPS guidance: $5.40 to $5.70
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