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Dorman Profit Falls as Tariff Costs Pressure Margins
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Dorman Profit Falls as Tariff Costs Pressure Margins
COLMAR, PA — Dorman Products (Nasdaq: DORM) reported lower first-quarter earnings as tariff-related costs compressed margins, offsetting gains in sales across its automotive aftermarket business. Net sales for the quarter ended March 28 rose 4.2% to $528.8 million from $507.7 million a year earlier, while diluted earnings per share fell 24% to $1.43 from $1.87. Adjusted diluted earnings per share declined 22% to $1.57. Gross profit margin narrow…
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