COLMAR, Pa. (AP) — COLMAR, Pa. (AP) — Dorman Products Inc. (DORM) on Wednesday reported fourth-quarter earnings of $54.5 million.
On a per-share basis, the Colmar, Pennsylvania-based company said it had profit of $1.77. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $2.20 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.
The distributor of parts to automotive retailers posted revenue of $533.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $524.9 million.
For the year, the company reported profit of $190 million, or $6.14 per share. Revenue was reported as $2.01 billion.
Dorman Products expects full-year earnings in the range of $7.55 to $7.85 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DORM at https://www.zacks.com/ap/DORM
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