Blink to Reduce Headcount by 14% to Improve Operational Efficiency [Yahoo! Finance]
Dorman Products, Inc. (DORM)
Last dorman products, inc. earnings: 4/27 07:00 am
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Source: Yahoo! Finance
BLNK, an owner, operator and provider of EV charging stations and services, has announced that it is set to execute an operational cost reduction plan to improve its short and long-term performance, given current economic conditions. The plan involves reducing its global workforce by 14%, which is expected to generate annual savings of around $9 million. Implementation of these changes will begin immediately and is set to be completed by the first quarter of 2025. The initiative is intended to enhance operational efficiency by optimizing company functions. In the second quarter, the company reported total revenues of $33.3 million, up from $32.8 million in the second quarter of 2023. Its gross profit fell to $10.7 million (32% of revenues) from $12.3 million (37% of revenues) in the second quarter of 2023 due to a change in sales mix toward products made by third parties. Operating expenses decreased to $31.4 million from $53.4 million in the second quarter of 2023 due to a declin
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DORM
News
- REE Announces Strategic Agreement With Motherson, Raises $45M [Yahoo! Finance]Yahoo! Finance
- The Zacks Analyst Blog Blue Bird, BYD Co and Dorman [Yahoo! Finance]Yahoo! Finance
- Dorman® OE FIX™, turbocharger system components and in-demand repair solutions highlight September new product releasesGlobeNewswire
- Is Dorman Products, Inc. (NASDAQ:DORM) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Dorman Products, Inc. (NASDAQ: DORM) is now covered by analysts at CJS Securities. They set an "outperform" rating and a $134.00 price target on the stock.MarketBeat
DORM
Earnings
- 8/1/24 - Beat
DORM
Sec Filings
- 9/26/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 144/A
- DORM's page on the SEC website