The second quarter of 2021 was extremely successful for Dorman Products, Inc., Colmar, according to a release on the company’s website. The aftermarket automobile supplier’s $310.6 million performance for the period set a record.
The increase represented a 33 percent gain from the pandemic-influenced results of a year ago.
Dorman’s 2Q 2021 profitability continues the company’s overall upward trend this year.
The 2021 first quarter showed modest results (an eight percent gain). But the next three months saw in increasingly healthy financials, culminating in a high-sales watermark.
Positive economic signs provide a cautiously hopeful outlook for Dorman. Its out-of-pocket expenses related to doing business during pandemic interruptions to the supply chain have dropped. Conversely, however, those gains are being eaten by higher global freight costs.
Kevin Olsen, Dorman’s President/CEO, stated, “I am proud to report another solid quarter for Dorman, enabled by strong end-market fundamentals and execution in a very challenging environment.
“Despite continued industry-wide logistical pressures, Dorman’s diversified supply chain and broad supplier network performed well.”
Olsen also credited a new line of business, the sale of electronic solutions, for the healthy results. Dorman now offers high-tech components such as cruise control distance sensors, blind-spot detectors, and advanced driver assistance capabilities.
“I would like to thank all of Dorman’s contributors whose commitment and dedication helped achieve these milestones for the quarter and continue to demonstrate our ability to deliver long-term value for our customers and shareholders alike,” Olsen concluded.