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February 21, 2013
07:16 EDTDORMDorman Products reports Q4 EPS 42c, consensus 52c
Reports Q4 revenue $135M, one estimate $158.2M. The decline was the result of an extra week in the 4Q11 that generated approximately $4.8M in sales, and a planned one-time $5.1M reduction in orders to remove inventory from a large customer's supply chain in anticipation of a January 2013 change in how our customer distributes our products through its distribution network. Excluding the impact of these items, sales growth would have been approximately 7% in Q4.
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