Microvast Holdings announces departure of chief financial officer
Jeffery Darby, Senior Vice President of Sales and Marketing at Dorman Products , Inc. (NASDAQ:DORM), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. On March 2, Darby sold 1,534 shares of common stock at an average price of $131.46 per share, totaling $201,659. Following this transaction, Darby holds 15,756 shares directly. The transaction occurred as Dorman Products, with a market capitalization of $4 billion, trades at a P/E ratio of 21.6x and maintains strong financial health according to InvestingPro analysis.
Additionally, on March 3, Darby acquired 2,667 restricted stock units, which are set to vest on March 3, 2027. These units were granted at no cost and will convert to common stock upon vesting. The transaction did not involve any immediate cash exchange and leaves Darby with a total of 18,423 shares post-transaction. The company demonstrates solid fundamentals with a healthy current ratio of 2.43 and impressive one-year return of 44%. For deeper insights into Dorman Products’ valuation and growth prospects, including exclusive ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Dorman Products Inc. reported impressive financial results for the fourth quarter of 2024, surpassing analyst expectations. The company achieved an adjusted diluted earnings per share of $2.20, exceeding the forecasted $1.89, and reported revenue of $533.77 million, which was higher than the anticipated $519.59 million. Dorman also celebrated surpassing $2 billion in annual sales for the first time. Looking ahead, the company projects a net sales growth of 3-5% for 2025, with an expected adjusted diluted EPS range of $7.55 to $7.85. In related developments, Dorman’s strategic focus on innovation and operational excellence has been highlighted as key drivers for its recent success. The company has also been actively diversifying its supply chain to mitigate risks associated with tariffs. Despite challenges in the Heavy Duty market, Dorman remains optimistic about future growth opportunities, particularly through new product development and potential mergers and acquisitions.
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