COLMAR, Pa. Dorman Products has announced sales for the first quarter ended March 29, 2014, of $183.5 million, up 19 percent from $154.4 million in the first quarter of 2013. The company said revenue growth was driven primarily by strong overall demand for our products, higher revenues from recently introduced products, and the shipment of several large line updates. Net income for the first quarter was $23.6 million, or 64 cents per diluted share, up 23 percent from the prior year’s net income of $19.1 million, or 52 cents per diluted share.
"Our first quarter operating results continued the growth trends we experienced in 2013. The ‘New to the Aftermarket’ initiatives that we’ve undertaken in recent years continue to generate growth rates well above reported industry rates," said Steven Berman, chairman and CEO. "These initiatives create new exciting revenue opportunities for our customers. We are grateful for the continued confidence and support from our customers and end users, which has enabled us to generate these strong growth rates."