|Company Name||Dorman Products|
On February 24, 2020, Dorman announced fourth quarter 2019 net sales of only $239.6 million, representing an almost 10% year-over-year decrease. The Company attributed the declining sales to "an increase in customer return provisions (resulting in a reduction of net sales of $11.2 million) primarily from new business wins, including a recently launched premium chassis program with a large national retail customer."
On this news, the Company’s share price fell $10.35, or over 13%, to close at $66.34 per share on February 24, 2020, on unusually heavy trading volume.
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