COLMAR, Pa. (AP) — COLMAR, Pa. (AP) — Dorman Products Inc. (DORM) on Monday reported first-quarter profit of $57.5 million.
The Colmar, Pennsylvania-based company said it had net income of $1.87 per share. Earnings, adjusted for one-time gains and costs, came to $2.02 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The distributor of parts to automotive retailers posted revenue of $507.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $484.1 million.
Dorman Products expects full-year earnings in the range of $7.55 to $7.85 per share.
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