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Dorman Products (NASDAQ: DORM) lifts EPS outlook but trims 2026 sales growth

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Dorman Products reported second-quarter 2026 net sales of $544.6 million, up 0.7% from $541.0 million a year earlier. Gross profit increased to $251.2 million, or 46.1% of sales, versus 40.6%, lifting income from operations to $116.2 million and net income to $87.8 million. Diluted EPS was $2.93, up 53% from $1.91, and adjusted diluted EPS was $3.08, up 50%.

Results and cash flow benefited from IEEPA tariff cost recovery. Operating cash flow rose to $152.6 million in the quarter and $196.4 million year-to-date; the company repurchased $47 million of shares and ended June 27, 2026 with $132.0 million of cash and $440.5 million of long-term debt. Management now expects full-year 2026 net sales growth of 3%–5%, diluted EPS of $7.93–$8.23, and adjusted diluted EPS of $8.50–$8.80, assuming a 23.5% tax rate and tariffs enacted as of August 3, 2026.

Positive

  • Diluted EPS and adjusted EPS surged, with Q2 2026 diluted EPS at $2.93 (up 53%) and adjusted diluted EPS at $3.08 (up 50%) versus the prior-year quarter.
  • Profitability and margins improved, as gross margin expanded to 46.1% of net sales from 40.6%, and income from operations rose to $116.2 million from $82.5 million.
  • Operating cash flow strengthened sharply, reaching $152.6 million in Q2 2026 and $196.4 million year-to-date, compared with $8.5 million and $59.8 million in the prior-year periods.
  • Full-year EPS outlook increased, with 2026 diluted EPS guidance raised to $7.93–$8.23 and adjusted diluted EPS guidance raised to $8.50–$8.80.

Negative

  • Revenue growth guidance was lowered, as 2026 net sales growth is now expected at 3%–5%, down from prior guidance of 7%–9%.
  • Adjusted EPS guidance implies negative year-over-year growth, with 2026 adjusted diluted EPS of $8.50–$8.80 corresponding to a stated growth range of (4)%–(1)% versus 2025.

Filing Explained

Tariff recovery lifted reported second-quarter profitability: comparable adjusted EPS was $1.90 versus reported $3.08, while guidance excludes later tariff changes.

The completed second-quarter report updates 2026 guidance and shows reported adjusted diluted EPS of $3.08 versus comparable adjusted diluted EPS of $1.90 after the disclosed IEEPA recovery, so the filing presents two earnings views rather than one unqualified measure.

Management calls the quarter’s earnings record, but the supplemental schedule attributes $44,396 thousand of adjusted gross profit to IEEPA recovery, directly qualifying that characterization’s magnitude.

The updated guidance includes tariffs enacted by August 3, 2026 but excludes potential tariff changes after that date, future acquisitions and divestitures, and additional share repurchases.

The filing also reports $47 million of share repurchases and lists 29,665,940 shares issued and outstanding at June 27, 2026, versus 30,391,955 at December 31, 2025.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net Sales Q2 2026 $544.6 million Quarter ended June 27, 2026 vs $541.0 million in Q2 2025
Gross Margin Q2 2026 46.1% Gross profit as a percentage of net sales in Q2 2026 vs 40.6% in Q2 2025
Diluted EPS Q2 2026 $2.93 Quarter ended June 27, 2026; up 53% vs $1.91 in Q2 2025
Adjusted Diluted EPS Q2 2026 $3.08 Quarter ended June 27, 2026; up 50% vs $2.06 in Q2 2025
Operating Cash Flow Q2 2026 $152.6 million Cash provided by operating activities in Q2 2026 vs $8.5 million in Q2 2025
2026 Net Sales Growth Guidance 3%–5% Updated full-year 2026 net sales growth vs 2025; prior guidance 7%–9%
2026 Diluted EPS Guidance $7.93–$8.23 Updated full-year 2026 diluted EPS range vs prior $7.57–$7.97
2026 Adjusted Diluted EPS Guidance $8.50–$8.80 Updated full-year 2026 adjusted diluted EPS range vs prior $8.10–$8.50
adjusted diluted EPS financial
"adjusted diluted EPS* of $3.08, up 50% to $3.08"
Adjusted diluted EPS is a company’s profit per share after adding back or removing one-time items (like restructuring costs or gains) and dividing by the number of shares including potential shares from options and convertible securities. Investors use it as a cleaner view of ongoing earnings—like looking at a car’s regular fuel efficiency rather than a trip boosted by downhill coasting—to judge underlying performance and compare companies without temporary distortions.
Non-GAAP financial measures financial
"this earnings release also contains Non-GAAP financial measures"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
IEEPA tariff cost recovery regulatory
"Earnings and cash from operating activities benefited from IEEPA tariff cost recovery"
weighted average diluted shares outstanding financial
"Weighted average diluted shares outstanding | 29,995"
The weighted average diluted shares outstanding is the average number of common shares that would exist during a reporting period after adding in all potential shares from options, warrants, convertible debt or other instruments that could be turned into stock, with each added only for the portion of the period it applies. Investors use it to show how earnings per share could be reduced if promises to issue more shares are fulfilled, similar to estimating how a pizza is split if some extra people might join partway through a meal.
operating cash flow financial
"we generated $153 million of operating cash flow in the quarter"
Operating cash flow is the amount of money a company earns from its main business activities, like selling products or services. It shows how well the company can generate cash to pay bills, invest in growth, or return money to shareholders. This figure helps investors understand if the company’s core operations are healthy and sustainable.
Net sales $544.6 million up 0.7% vs $541.0 million in Q2 2025
Gross margin 46.1% vs 40.6% in Q2 2025
Net income $87.8 million vs $58.7 million in Q2 2025
Diluted EPS $2.93 up 53% vs $1.91 in Q2 2025
Adjusted diluted EPS $3.08 up 50% vs $2.06 in Q2 2025
Operating cash flow $152.6 million vs $8.5 million in Q2 2025
Guidance

For full-year 2026, Dorman expects net sales growth of 3%–5% versus 2025, diluted EPS of $7.93–$8.23, and adjusted diluted EPS of $8.50–$8.80, based on a 23.5% tax rate and tariffs enacted as of August 3, 2026.

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FAQ

What were DORM’s Q2 2026 net sales and year-over-year growth?
Dorman Products (DORM) reported Q2 2026 net sales of $544.6 million, an increase of 0.7% from $541.0 million in Q2 2025. Net sales for the first six months of 2026 were $1.07 billion, compared with $1.05 billion in the prior-year period.

How did DORM’s Q2 2026 earnings per share compare to last year?
In Q2 2026, Dorman’s diluted EPS was $2.93, up 53% from $1.91 a year earlier, and adjusted diluted EPS was $3.08, up 50% from $2.06. Net income rose to $87.8 million from $58.7 million.

What 2026 guidance did Dorman Products (DORM) provide for sales and EPS?
For 2026, Dorman expects net sales growth of 3%–5% versus 2025, diluted EPS of $7.93–$8.23, and adjusted diluted EPS of $8.50–$8.80. Guidance assumes a 23.5% tax rate and tariffs enacted as of August 3, 2026.

How strong was DORM’s Q2 2026 cash flow and capital return?
Dorman generated $152.6 million of operating cash flow in Q2 2026, versus $8.5 million a year earlier, and $196.4 million year-to-date. The company also repurchased $47 million of shares during the quarter, returning capital to shareholders.

How did DORM’s margins change in Q2 2026 compared with Q2 2025?
Q2 2026 gross margin improved to 46.1% of net sales from 40.6% a year earlier. Selling, general, and administrative expenses decreased to 24.8% of net sales from 25.3%, helping income from operations rise to 21.3% of net sales from 15.2%.

What is the impact of IEEPA tariff cost recovery on DORM’s 2026 results?
Earnings and cash from operating activities in 2026 benefited from IEEPA tariff cost recovery, which relates to tariff costs recognized in prior periods. Dorman provides non-GAAP reconciliations, including schedules detailing the impact of these IEEPA tariff recoveries on gross profit, operating income, and adjusted diluted EPS.

What is DORM’s balance sheet position as of June 27, 2026?
As of June 27, 2026, Dorman held $131.982 million in cash and cash equivalents and had $440.479 million of long-term debt. Total shareholders’ equity was $1.515 billion, with 29,665,940 common shares issued and outstanding.
FALSE000086878000008687802026-08-032026-08-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 3, 2026
gpe304xr1jov000001.jpg
DORMAN PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania000-1891423-2078856
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
3400 East Walnut Street, Colmar, Pennsylvania 18915
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code:  (215) 997-1800
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 Par ValueDORMThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o


Item 2.02    Results of Operation and Financial Condition.
On August 3, 2026, Dorman Products, Inc. (the “Company”) issued a press release announcing its operating results for the second fiscal quarter ended June 27, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. The Company will hold a conference call and webcast on August 4, 2026 (see information in the press release attached hereto as Exhibit 99.1 under “Conference Call and Webcast”).
Item 9.01    Financial Statements and Exhibits.  
(d)    Exhibits
Exhibit NumberDescription
99.1
Press Release dated August 3, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DORMAN PRODUCTS, INC.
Date:
August 3, 2026By:/s/ Charles W. Rayfield
Name:Charles W. Rayfield
Title:
Senior Vice President,
Chief Financial Officer and Treasurer

Exhibit 99.1
gpe304xr1jov000001.jpg

Dorman Products, Inc. Reports Second Quarter 2026 Results; Updates 2026 Guidance
Highlights (All comparisons are to the prior year period unless otherwise noted):
•Net sales of $544.6 million for the quarter, up 0.7%
•Diluted earnings per share (“EPS”) of $2.93, up 53%, and adjusted diluted EPS* of $3.08, up 50%
•Generated $152.6 million of cash from operating activities; repurchased $47 million of shares
•Earnings and cash from operating activities benefited from IEEPA tariff cost recovery*
•Updates its full-year guidance for 2026

COLMAR, PA (August 3, 2026) – Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the second quarter ended June 27, 2026.

Kevin Olsen, Dorman’s Chairman, President, and Chief Executive Officer, stated, “Our second quarter results included record earnings and strong cash flow generation, reflecting both solid operating performance and the recovery of IEEPA tariff costs recognized in prior periods. Year-over-year, net sales for the quarter increased 1% to $545 million, diluted EPS increased 53% to $2.93, and adjusted diluted EPS increased 50% to $3.08. In addition, we generated $153 million of operating cash flow in the quarter and returned capital to shareholders through $47 million of share repurchases. We believe our cash flow generation positions the company well to make strategic investments and drive long-term growth.

“Given our performance through the first half of the year and targeted pricing actions we are taking as a result of a more stable tariff environment, we are updating our full-year 2026 guidance. We now expect net sales growth of 3% to 5%, diluted EPS in the range of $7.93 to $8.23, and adjusted diluted EPS in the range of $8.50 to $8.80.

“Supported by our strengthened balance sheet, expanded liquidity from our recent debt refinancing, and the strategic advantages of our diversified supplier network and innovation engine, we remain confident in our ability to deliver differentiated solutions for our customers and strong value for our shareholders.”

Second Quarter Financial Results
The Company reported second quarter 2026 net sales of $544.6 million, up 0.7% compared to net sales of $541.0 million in the second quarter of 2025.

Gross profit was $251.2 million in the second quarter of 2026, or 46.1% of net sales, compared to $219.5 million, or 40.6% of net sales, in the same quarter last year.

Selling, general, and administrative (“SG&A”) expenses were $135.0 million, or 24.8% of net sales, in the second quarter of 2026, compared to $137.0 million, or 25.3% of net sales, in the same quarter last year. Adjusted SG&A expenses* were $129.6 million, or 23.8% of net sales, in the second quarter of 2026, compared to $131.3 million, or 24.3% of net sales, in the same quarter last year.



Diluted EPS was $2.93 in the second quarter of 2026, up 53% compared to diluted EPS of $1.91 in the same quarter last year. Adjusted diluted EPS* was $3.08 in the second quarter of 2026, up 50% compared to adjusted diluted EPS* of $2.06 in the same quarter last year.

Segment results were as follows:
Net SalesSegment Profit Margin
($ in millions)Q2 2026Q2 2025ChangeQ2 2026Q2 2025Change
Light Duty$424.3 $424.4 0 %24.7 %18.5 %620 bps
Heavy Duty$66.3 $62.1 7 %4.2 %0.8 %340 bps
Specialty Vehicle$54.0 $54.5 -1 %26.1 %17.3 %880 bps

2026 Guidance
The Company updates its full-year 2026 guidance as detailed in the table below. The Company's guidance includes the expected impact of tariffs enacted as of August 3, 2026. The Company’s guidance excludes the impact of potential tariff changes after August 3, 2026, future acquisitions and divestitures, and additional share repurchases.

Updated 2026 Guidance Prior 2026 Guidance
 Net Sales Growth vs. 20253% – 5%7% – 9%
 Diluted EPS $7.93 – $8.23$7.57 – $7.97
        Growth vs. 202519% – 24%14% – 20%
 Adjusted Diluted EPS* $8.50 – $8.80$8.10 – $8.50
      Growth vs. 2025(4)% – (1)%(9)% – (4)%
 Tax Rate Estimate 23.5%23.5%

Conference Call and Webcast
The Company will hold a conference call and webcast for investors on Tuesday, August 4, 2026, beginning at 8:00 a.m. Eastern Time. The conference call can be accessed by telephone at (800) 420-1459 within the U.S. or +1 (203) 518-9861 outside the U.S. When prompted, enter the conference ID “DORMQ226”. A live audio webcast and accompanying presentation materials can be accessed on the Company’s website at investors.dormanproducts.com. A replay of the webcast will be made available on the website shortly after the conclusion of the call.

About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.

Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.

*Non-GAAP Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains Non-GAAP financial measures. The reasons why we believe these measures provide useful information to investors, a reconciliation of these measures to the most directly comparable GAAP measures, and other information relating to these Non-GAAP measures are included in the supplemental schedules attached. These schedules also include a reconciliation detailing the impact of IEEPA tariff recoveries on our results.



Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; widespread public health pandemics; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our information security systems and defend against cyberattacks; our ability to protect our intellectual property and defend against any claims of infringement; and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

Investor Relations Contact
Alex Whitelam, VP, Investor Relations
awhitelam@dormanproducts.com
(445) 448-9522

Visit our website at dormanproducts.com. The Investor Relations section of the website contains important Company information, including financial data and investor materials. Dorman encourages investors to visit its website periodically to view new and updated information.



DORMAN PRODUCTS, INC.
Consolidated Statements of Operations
(in thousands, except per-share amounts)

Three Months EndedThree Months Ended
(unaudited)6/27/26Pct.*6/28/25Pct. *
Net sales$544,598 100.0 $540,959 100.0 
Cost of goods sold293,373 53.9 321,446 59.4 
Gross profit251,225 46.1 219,513 40.6 
Selling, general, and administrative expenses135,008 24.8 137,032 25.3 
Income from operations116,217 21.3 82,481 15.2 
Interest expense, net6,311 1.2 7,182 1.3 
Other income, net5,577 1.0 1,544 0.3 
Income before income taxes115,483 21.2 76,843 14.2 
Provision for income taxes27,712 5.1 18,134 3.4 
Net income$87,771 16.1 $58,709 10.9 
Diluted earnings per share$2.93 $1.91 
Weighted average diluted shares outstanding29,99530,680
Six Months EndedSix Months Ended
(unaudited)6/27/26Pct.* 6/28/25Pct. *
Net sales$1,073,368 100.0 $1,048,651 100.0 
Cost of goods sold631,988 58.9 621,430 59.3 
Gross profit441,380 41.1 427,221 40.7 
Selling, general, and administrative expenses266,380 24.8 264,666 25.2 
Income from operations175,000 16.3 162,555 15.5 
Interest expense, net12,118 1.1 14,540 1.4 
Other income, net8,823 0.8 2,905 0.3 
Income before income taxes171,705 16.0 150,920 14.4 
Provision for income taxes40,383 3.8 34,706 3.3 
Net income$131,322 12.2 $116,214 11.1 
Diluted earnings per share$4.35 $3.78 
Weighted average diluted shares outstanding30,20530,744
* Percentage of sales. Data may not add due to rounding.

DORMAN PRODUCTS, INC.
Consolidated Balance Sheets
(in thousands, except share data)

(unaudited)6/27/2612/31/25
Assets
Current assets:
Cash and cash equivalents$131,982 $49,436 
Accounts receivable, less allowance for doubtful accounts of $2,029 and $1,948
554,110 479,252 
Inventories808,020 959,019 
Prepaids and other current assets59,144 33,819 
Total current assets1,553,256 1,521,526 
Property, plant, and equipment, net166,768 168,777 
Operating lease right-of-use assets104,782 112,805 
Goodwill387,334 387,334 
Intangible assets, net246,434 257,079 
Other assets41,589 45,557 
Total assets$2,500,163 $2,493,078 
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable$163,559 $185,125 
Accrued compensation23,155 30,756 
Accrued customer rebates and returns185,538 197,398 
Current portion of long-term debt— 37,500 
Other accrued liabilities59,503 42,048 
Total current liabilities431,755 492,827 
Long-term debt440,479 402,413 
Long-term operating lease liabilities87,774 96,568 
Deferred tax liabilities3,794 3,977 
Other long-term liabilities21,321 20,218 
Commitments and contingencies
Shareholders’ equity:
Common stock, $0.01 par value; 50,000,000 shares authorized; 29,665,940 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively
297 304 
Additional paid-in capital139,439 137,109 
Retained earnings1,380,443 1,344,183 
Accumulated other comprehensive loss(5,139)(4,521)
Total shareholders’ equity1,515,040 1,477,075 
Total liabilities and shareholders' equity$2,500,163 $2,493,078 
Selected Cash Flow Information (unaudited):
Three Months Ended Six Months Ended
(in thousands)6/27/266/28/256/27/266/28/25
Cash provided by operating activities$152,622 $8,548 $196,381 $59,785 
Depreciation and amortization$13,909 $13,919 $27,907 $27,762 
Capital expenditures$9,076 $8,450 $17,525 $19,435 

DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)

Our financial results include certain financial measures not derived in accordance with generally accepted accounting principles (GAAP). Non-GAAP financial measures should not be used as a substitute for GAAP measures, or considered in isolation, for the purpose of analyzing our operating performance, financial position or cash flows. Additionally, these non-GAAP measures may not be comparable to similarly titled measures reported by other companies. However, we have presented these non-GAAP financial measures because we believe this presentation, when reconciled to the corresponding GAAP measure, provides useful information to investors by offering additional ways of viewing our results, profitability trends, and underlying growth relative to prior and future periods and to our peers. Management uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating our performance. Non-GAAP financial measures may reflect adjustments for charges such as fair value adjustments, amortization, transaction costs, severance, accelerated depreciation, and other similar expenses related to acquisitions as well as other items that we believe are not related to our ongoing performance.
Adjusted Net Income:
Three Months Ended Six Months Ended
(unaudited)6/27/266/28/256/27/266/28/25
Net income (GAAP)$87,771 $58,709 $131,322 $116,214 
Pretax acquisition-related intangible assets amortization [1]5,173 5,406 10,347 10,877 
Pretax acquisition-related transaction and other costs [2] 233 341 475 833 
Pretax write-off of capitalized debt issuance costs [3]802 — 802 — 
Pretax reduction in workforce costs [4]— 33 — 147 
Tax adjustment (related to above items) [5](1,470)(1,403)(2,754)(2,877)
Adjusted net income (Non-GAAP)$92,509 $63,086 $140,192 $125,194 
Diluted earnings per share (GAAP)$2.93 $1.91 $4.35 $3.78 
Pretax acquisition-related intangible assets amortization [1]0.17 0.18 0.34 0.35 
Pretax acquisition-related transaction and other costs [2] 0.01 0.01 0.02 0.03 
Pretax write-off of capitalized debt issuance costs [3]0.03 — 0.03 — 
Pretax reduction in workforce costs [4]— 0.00 — 0.00 
Tax adjustment (related to above items) [5](0.05)(0.05)(0.09)(0.09)
Adjusted diluted earnings per share (Non-GAAP)*$3.08 $2.06 $4.64 $4.07 
Weighted average diluted shares outstanding29,99530,68030,20530,744
* Amounts may not add due to rounding.
See accompanying notes at the end of this supplemental schedule.

DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)

Adjusted SG&A Expenses:
Three Months Ended Three Months Ended
(unaudited)6/27/26Pct.** 6/28/25Pct.**
SG&A expenses (GAAP)$135,008 24.8 $137,032 25.3 
Pretax acquisition-related intangible assets amortization [1](5,173)(0.9)(5,406)(1.0)
Pretax acquisition-related transaction and other costs [2](233)(0.0)(341)(0.1)
Pretax reduction in workforce costs [4]— — (33)(0.0)
Adjusted SG&A expenses (Non-GAAP)$129,602 23.8 $131,252 24.3 
Net sales$544,598 $540,959 
Six Months EndedSix Months Ended
(unaudited)6/27/26Pct.**6/28/25Pct.**
SG&A expenses (GAAP)$266,380 24.8 $264,666 25.2 
Pretax acquisition-related intangible assets amortization [1](10,347)(1.0)(10,877)(1.0)
Pretax acquisition-related transaction and other costs [2](475)(0.0)(833)(0.1)
Pretax reduction in workforce costs [4]— — (147)(0.0)
Adjusted SG&A expenses (Non-GAAP)$255,558 23.8 $252,809 24.1 
Net sales$1,073,368 $1,048,651 
* *Percentage of sales. Data may not add due to rounding.

DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)

Adjusted Other Income, Net:
Three Months Ended Three Months Ended
(unaudited)6/27/26Pct.** 6/28/25Pct.**
Other income, net (GAAP)$5,577 1.0 $1,544 0.3 
Pretax write-off of capitalized debt issuance costs [3]802 0.1 — — 
Adjusted other income, net (Non-GAAP)$6,379 1.2 $1,544 0.3 
Net sales$544,598 $540,959 
Six Months EndedSix Months Ended
(unaudited)6/27/26Pct.**6/28/25Pct.**
Other income, net (GAAP)$8,823 0.8 $2,905 0.3 
Pretax write-off of capitalized debt issuance costs [3]802 0.1 — — 
Adjusted other income, net (Non-GAAP)$9,625 0.9 $2,905 0.3 
Net sales$1,073,368 $1,048,651 
* *Percentage of sales. Data may not add due to rounding.

[1] – Pretax acquisition-related intangible asset amortization results from allocating the purchase price of an acquisition to the acquired tangible and intangible assets of the acquired business and recognizing the cost of the intangible asset over the period of benefit. Such costs were $5.2 million pretax (or $3.9 million after tax) and $10.3 million pretax (or $7.9 million after tax) during the three and six months ended June 27, 2026, respectively. Such costs were $5.4 million pretax (or $4.1 million after tax) and $10.9 million pretax (or $8.2 million after tax) during the three and six months ended June 28, 2025, respectively.
[2] – Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions and facility consolidation expenses. During the three and six months ended June 27, 2026, we incurred charges included in selling, general, and administrative expenses to complete and integrate acquisitions of $0.2 million pretax (or $0.2 million after tax) and $0.5 million pretax (or $0.4 million after tax), respectively. Such costs were $0.3 million pretax (or $0.2 million after tax) and $0.8 million pretax (or $0.6 million after tax), during the three and six months ended June 28, 2025, respectively.
[3] – Pretax write-off of capitalized debt issuance costs totaled $0.8 million (or $0.6 million after tax) during the three and six months ended June 27, 2026. These write-offs are associated with retirement of our term loan debt and the modification of our revolving credit facility.
[4] – Pretax reduction in workforce costs represents costs incurred in connection with our planned workforce reduction, including insurance continuation costs. During the three and six months ended June 28, 2025, the expenses were $0.0 million pretax (or $0.0 million after tax) and $0.1 million pretax (or $0.1 million after tax), respectively.
[5] – Tax adjustments represent the aggregate tax effect of all non-GAAP adjustments reflected in the table above and totaled $(1.5) million and $(2.8) million during the three and six months ended June 27, 2026, respectively, and $(1.4) million and $(2.9) million during the three and six months ended June 28, 2025, respectively. Such items are estimated by applying our statutory tax rate to the pretax amount, or an actual tax amount for discrete items.


DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)

2026 Guidance:

The Company updates the following guidance ranges related to its full year 2026 outlook:
Year Ending 12/31/2026
(unaudited)Low EndHigh End
Diluted earnings per share (GAAP)$7.93 $8.23 
Pretax acquisition-related intangible assets amortization0.68 0.68 
Pretax acquisition-related transaction and other costs0.03 0.03 
Pretax write-off of capitalized debt issuance costs0.03 0.03 
Tax adjustment (related to above items)(0.17)(0.17)
Adjusted diluted earnings per share (Non-GAAP)$8.50 $8.80 
Weighted average diluted shares outstanding30,00030,000



DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)

Impact of IEEPA Recovery:
Three Months Ended 6/27/26Six Months Ended 6/27/26
$ in thousands, except EPSReportedRecovery BenefitComparableReportedRecovery BenefitComparable
Adjusted Gross Profit
   Light Duty$201,718 $(38,646)$163,072 $355,921 $(10,194)$345,727 
   Heavy Duty 17,160 (1,252)15,908 31,753 (7)31,746 
   Specialty Vehicle32,347 (4,498)27,849 53,706 (1,142)52,564 
   Consolidated$251,225 $(44,396)$206,829 $441,380 $(11,343)$430,037 
Adjusted Gross Margin
   Light Duty47.5 %-9.1 %38.4 %42.0 %-1.2 %40.8 %
   Heavy Duty 25.9 %-1.9 %24.0 %25.6 %0.0 %25.6 %
   Specialty Vehicle59.9 %-8.3 %51.6 %53.1 %-1.1 %51.9 %
   Consolidated46.1 %-8.2 %38.0 %41.1 %-1.1 %40.1 %
Adjusted Operating Income
   Light Duty$104,740 $(38,646)$66,094 $164,401 $(10,194)$154,207 
   Heavy Duty 2,775 (1,252)1,523 3,223 (7)3,216 
   Specialty Vehicle14,108 (4,498)9,610 18,198 (1,142)17,056 
   Consolidated$121,623 $(44,396)$77,227 $185,822 $(11,343)$174,479 
Adjusted Operating Margin
   Light Duty24.7 %-9.1 %15.6 %19.4 %-1.2 %18.2 %
   Heavy Duty 4.2 %-1.9 %2.3 %2.6 %0.0 %2.6 %
   Specialty Vehicle26.1 %-8.3 %17.8 %18.0 %-1.1 %16.8 %
   Consolidated22.3 %-8.2 %14.2 %17.3 %-1.1 %16.3 %
Adjusted Diluted EPS*
   Consolidated$3.08 $(1.18)$1.90 $4.64 $(0.30)$4.34 
*Includes a prorated portion of the interest received as part of the IEEPA refund, which is included in Other income, net on our Consolidated Statements of Operations

Source: View Original Filing on SEC EDGAR

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