COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Monday reported fourth-quarter profit of $36 million.
The Colmar, Pennsylvania-based company said it had net income of $1.11 per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The distributor of parts to automotive retailers posted revenue of $301.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $266.3 million.
For the year, the company reported profit of $106.9 million, or $3.30 per share. Revenue was reported as $1.09 billion.
Dorman Products shares have increased 7% since the beginning of the year. The stock has increased 22% in the last 12 months.
