Research Desk Line-up: Dana Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 30, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Dorman Products, Inc. (NASDAQ: DORM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=DORM. The Company announced on October 27, 2017, that it has closed on the acquisition of MAS Automotive Distribution Inc. ("MAS Industries"), which is a premium chassis parts and control arm Company. This deal highlights Dorman Products' focus on aftermarket leadership in the chassis and suspension categories. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Auto Parts industry. Pro-TD has currently selected Dana Incorporated (NYSE: DAN) for due-diligence and potential coverage as the Company announced on October 26, 2017, its financial results for Q3 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Dana when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on DORM; also brushing on DAN. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=DORM

http://protraderdaily.com/optin/?symbol=DAN

MAS Industries, Leader in Chassis Parts and Control Arm

MAS Industries have been producing premium quality chassis, steering, and suspension and alignment components for the automotive aftermarket in the US, Canada, and Mexico for more than 20 years. MAS Industries, which is headquartered in Montreal, Canada, also provides designing and engineering services. In fact, the Company has established itself as a leader in best-in-class product innovation, chassis development, extensive coverage, and innovative cataloging.

It is projected that MAS Industries would generate net sales of approximately $40 million for the twelve months ending December 30, 2017.

Improved Offerings for Dorman Products' Customers

Dorman Products is renowned as a leading supplier of Dealer Exclusive replacement parts to the automotive, medium and heavy duty aftermarkets. Its products are marketed under brand names such as Dorman®, OE Solutions?, HELP!®, AutoGrade?, First Stop?, Conduct?Tite®, TECHoice?, Dorman® Hybrid Drive Batteries, and Dorman HD Solutions?.

Matt Barton, President and Chief Executive Officer (CEO) at Dorman Products, shared his views about the acquisition of MAS Industries. In his opinion, the acquisition implies Dorman Products' commitment to aftermarket leadership in the chassis and suspension categories.

He believes that the new partnership would generate numerous future opportunities for Dorman Products. The acquisition would enable the Company to provide the most comprehensive aftermarket chassis offerings to its customers. Actually, Dorman Products' full-line of Premium Chassis and Control Arms will make a perfect combination with MAS Industries' chassis and control arms coverage of premium value and fleet full-line programs for all makes.

Barton also looks forward to meeting all the customers of MAS Industries next week at AWDA and AAPEX in Las Vegas.

Dorman Products Announces Third Quarter 2017 Results

Dorman Products reported sales and earnings results on October 27, 2017, for the third quarter of the fiscal year 2017 ending September 30, 2017.

  • Net sales increased by $11.8 million, or 5.6%, to $224.6 million for Q3 2017 from $212.8 million for Q3 2016.
  • Gross profit reached $88.1 million, or 39.2% of net sales, for the reported quarter, up 6% from $83.1 million, or 39.1% of net sales, in the third quarter of 2016.
  • Similarly, diluted earnings per share (EPS) reached $0.80 for the third quarter ending September 30, 2017, an increment of 3.9% from $0.77 per share for the same period of last year.
  • However, operating cash flow was $17.4 million in Q3 2017 compared to $19.0 million in Q3 2016.

Last Close Stock Review

At the closing bell, on Friday, October 27, 2017, Dorman Products' stock slipped 3.87%, ending the trading session at $68.26. A total volume of 360.63 thousand shares have exchanged hands, which was higher than the 3-month average volume of 160.26 thousand shares. The Company's stock price advanced 9.50% in the previous twelve months. The stock is trading at a PE ratio of 20.82 and currently, has a market cap of $2.42 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily