Dorman Products (Nasdaq: DORM) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), Dorman Products met expectations on revenues and missed slightly on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share dropped.

Gross margins grew, operating margins increased, net margins shrank.

Revenue details
Dorman Products notched revenue of $162.3 million. The two analysts polled by S&P Capital IQ predicted net sales of $161.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $144.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.53. The two earnings estimates compiled by S&P Capital IQ anticipated $0.54 per share. GAAP EPS of $0.53 for Q2 were 1.9% lower than the prior-year quarter's $0.54 per share. (The prior-year quarter included $0.10 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 39.7%, 280 basis points better than the prior-year quarter. Operating margin was 19.0%, 120 basis points better than the prior-year quarter. Net margin was 11.9%, 180 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $175.2 million. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $646.4 million. The average EPS estimate is $2.24.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 149 members out of 158 rating the stock outperform, and nine members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Dorman Products a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dorman Products is buy, with an average price target of $50.00.

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