Dorman Products, Inc. (NASDAQ:DORM) Q1 2024 Earnings Call Transcript

Scott Stember: Got it. That’s all I have. Thank you.

Kevin Olsen: Thanks Scott.

Operator: Another question comes from the line of Bret Jordan with Jefferies. Your line is open.

Bret Jordan: Hi, guys. I think you commented about investing in supply chain diversification as well. Could you maybe give us an update what you’re seeing there and what markets are seeming attractive and when you might begin to sort of source from markets outside of your traditional channel?

Kevin Olsen: Yes, Bret, good question. It’s Kevin. Yes, we took on that initiative, Bret, a few years ago, where we really started to look strategically at our supply chain. Obviously, COVID and the supply chain disruptions really accelerated our efforts there. We are — I would characterize it still as early innings in terms of diversifying our supply chain. We’ve made significant progress. Really, there are no — there isn’t any one area that we’re focused on. It’s really around the globe, so other Pac Rim countries, Eastern Europe, Mexico, India. There’s a lot of places that we have successfully moved supply to, but it’s going to be a long haul. But I would tell you that to date, we’re very pleased with the progress that we’ve made.

Bret Jordan: Great. Appreciate it. Thank you.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you all for joining. You may now disconnect.