Dorman Products (NASDAQ: DORM) posts Q1 2026 results, reaffirms 2026 outlook
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Dorman Products reported first-quarter 2026 net sales of $528.8 million, up 4.2% from $507.7 million a year earlier, as demand grew across its segments. Net income was $43.6 million and diluted EPS was $1.43, down 24% from $1.87, mainly due to higher tariff-related costs. Adjusted diluted EPS was $1.57, down 22% from $2.02. Gross margin declined to 36.0% of sales from 40.9%, while SG&A leverage modestly improved on an adjusted basis. The company generated $43.8 million of operating cash flow and repurchased $51 million of shares at an average price of $118. For full-year 2026, Dorman reaffirmed guidance for net sales growth of 7%–9%, GAAP diluted EPS of $7.57–$7.97, and adjusted diluted EPS of $8.10–$8.50.
Positive
- None.
Negative
- None.
Insights
Revenue grew modestly while margins and EPS compressed, but full-year guidance was reaffirmed.
Dorman Products delivered Q1 2026 net sales of $528.8 million, up 4.2% year over year, with growth led by Light Duty and Heavy Duty. However, gross margin fell to 36.0% of sales from 40.9%, reflecting higher costs, particularly tariffs implemented in 2025.
Diluted EPS declined to $1.43, down 24% from $1.87, and adjusted diluted EPS fell 22% to $1.57. Operating income margin contracted from 15.8% to 11.1%, though adjusted SG&A as a percentage of sales improved slightly, indicating some cost control offsetting pressure.
Cash generation remained solid, with $43.8 million from operating activities and capital expenditures of $8.4 million, while the company repurchased $51 million of shares. Management reaffirmed 2026 guidance, including net sales growth of 7%–9% and GAAP EPS of $7.57–$7.97, signaling confidence despite near-term margin headwinds.
8-K Event Classification
2 items: 2.02, 9.01
2 items
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.
Key Figures
Net sales Q1 2026: $528.8M
Diluted EPS Q1 2026: $1.43
Adjusted diluted EPS Q1 2026: $1.57
+5 more
8 metrics
Net sales Q1 2026
$528.8M
Three months ended 3/28/26, up 4.2% vs Q1 2025
Diluted EPS Q1 2026
$1.43
Down 24% vs $1.87 in Q1 2025
Adjusted diluted EPS Q1 2026
$1.57
Down 22% vs $2.02 in Q1 2025
Gross margin
36.0%
Gross profit as % of net sales in Q1 2026, down from 40.9%
Net income Q1 2026
$43.6M
Three months ended 3/28/26 vs $57.5M in prior year
Operating cash flow Q1 2026
$43.8M
Cash provided by operating activities in three months ended 3/28/26
Share repurchases Q1 2026
$51M
Repurchased shares at average price of $118 per share
2026 GAAP EPS guidance
$7.57–$7.97
Full-year 2026 diluted EPS outlook reaffirmed
Key Terms
Adjusted diluted EPS, Non-GAAP financial measures, IEEPA tariff refunds, weighted average diluted shares outstanding, +2 more
6 terms
Adjusted diluted EPS financial
"Adjusted diluted EPS* of $1.57, down 22%"
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 refunds regulatory
"excludes impacts from potential IEEPA tariff refunds, potential tariff changes"
revolving credit facility financial
"Revolving credit facility | 15,000"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
Earnings Snapshot
Net sales: $528.8M · Guidance included
Q1 2026
Net sales
$528.8M
+4.2% YoY
Net income
$43.6M
down vs $57.5M prior year
Diluted EPS
$1.43
-24% YoY
Adjusted diluted EPS
$1.57
-22% YoY
Guidance
For 2026, Dorman reaffirmed net sales growth of 7%–9%, GAAP EPS of $7.57–$7.97, and adjusted EPS of $8.10–$8.50.
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): May 4, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(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:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-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 | ||||||||||||
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 May 4, 2026, Dorman Products, Inc. (the “Company”) issued a press release announcing its operating results for the first fiscal quarter ended March 28, 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 May 5, 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 Number | Description | |||||||
| 99.1 | Press Release dated May 4, 2026 | |||||||
| 104 | Cover 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: | By: | /s/ Charles W. Rayfield | ||||||||||||
| Name: | Charles W. Rayfield | |||||||||||||
| Title: | Senior Vice President, Chief Financial Officer and Treasurer | |||||||||||||
Exhibit 99.1
Dorman Products, Inc. Reports First Quarter 2026 Results and Reaffirms 2026 Guidance
Highlights (All comparisons are to the prior year period unless otherwise noted):
•Net sales of $528.8 million for the quarter, up 4.2%
•Diluted earnings per share (“EPS”) of $1.43, down 24%
•Adjusted diluted EPS* of $1.57, down 22%
•Generated $43.8 million of cash from operating activities; repurchased $51 million of its shares
COLMAR, PA (May 4, 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 first quarter ended March 28, 2026.
Kevin Olsen, Dorman’s Chairman, President, and Chief Executive Officer, stated, “We started the year with solid financial performance that was in line with our expectations. Despite ongoing uncertainty in the broader economy and geopolitical environment, we delivered first quarter net sales growth of 4.2% year over year. Diluted EPS was $1.43, and adjusted diluted EPS* was $1.57, down 24% and 22%, respectively, compared to the same period in 2025, driven largely by the anticipated impact of higher costs associated with tariffs implemented in 2025. In addition, we generated cash from operations of $44 million and returned capital to stockholders through $51 million of share repurchases at an average price of $118 per share.
“Based on our first-quarter performance and our positive outlook across all three of our segments, we are reaffirming our net sales and earnings guidance for 2026.
“As we continue to navigate through recent market dynamics, we remain confident in our strategy and position as the innovation leader in the aftermarket, and we will continue to manage and execute on the factors within our control to support long-term growth.”
First Quarter Financial Results
The Company reported first quarter 2026 net sales of $528.8 million, up 4.2% compared to net sales of $507.7 million in the first quarter of 2025.
Gross profit was $190.2 million in the first quarter of 2026, or 36.0% of net sales, compared to $207.7 million, or 40.9% of net sales, in the same quarter last year.
Selling, general, and administrative (“SG&A”) expenses were $131.4 million, or 24.8% of net sales, in the first quarter of 2026, compared to $127.6 million, or 25.1% of net sales, in the same quarter last year. Adjusted SG&A expenses* were $126.0 million, or 23.8% of net sales, in the first quarter of 2026, compared to $121.6 million, or 23.9% of net sales, in the same quarter last year.
Diluted EPS was $1.43 in the first quarter of 2026, down 24% compared to diluted EPS of $1.87 in the same quarter last year. Adjusted diluted EPS* was $1.57 in the first quarter of 2026, down 22% compared to adjusted diluted EPS* of $2.02 in the same quarter last year.
Segment results were as follows:
| Net Sales | Segment Profit Margin | ||||||||||||||||||||||||||||||||||
| ($ in millions) | Q1 2026 | Q1 2025 | Change | Q1 2026 | Q1 2025 | Change | |||||||||||||||||||||||||||||
| Light Duty | $ | 423.8 | $ | 408.8 | 4 | % | 14.1 | % | 19.9 | % | -580 bps | ||||||||||||||||||||||||
| Heavy Duty | $ | 57.8 | $ | 51.7 | 12 | % | 0.8 | % | -0.3 | % | 110 bps | ||||||||||||||||||||||||
| Specialty Vehicle | $ | 47.2 | $ | 47.2 | 0 | % | 8.7 | % | 10.2 | % | -150 bps | ||||||||||||||||||||||||
2026 Guidance
The Company reaffirms its full-year 2026 guidance as detailed in the table below. The Company's guidance includes the expected impact of tariffs enacted as of May 4, 2026. The Company’s guidance excludes impacts from potential IEEPA tariff refunds, potential tariff changes after May 4, 2026, future acquisitions and divestitures, and additional share repurchases.
| 2026 Guidance | |||||
| Net Sales Change vs. 2025 | 7% – 9% | ||||
| Diluted EPS | $7.57 – $7.97 | ||||
| Change vs. 2025 | 14% – 20% | ||||
| Adjusted Diluted EPS* | $8.10 – $8.50 | ||||
| Change vs. 2025 | (9)% – (4)% | ||||
| Tax Rate Estimate | 23.5% | ||||
Conference Call and Webcast
The Company will hold a conference call and webcast for investors on Tuesday, May 5, 2026, beginning at 8:00 a.m. Eastern time. The conference call can be accessed by telephone at (888) 440-4182 within the U.S. or +1 (646) 960-0653 outside the U.S. When prompted, enter the conference ID number 1698878. A live audio webcast and accompanying presentation materials can be accessed on the Company’s website at Dorman Products, Inc. - Events. After the call, a replay of the session will be available on the Investor section of the Company’s website.
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 and 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.
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 Ended | Three Months Ended | ||||||||||||||||||||||
| (unaudited) | 3/28/26 | Pct.* | 3/29/25 | Pct. * | |||||||||||||||||||
| Net sales | $ | 528,770 | 100.0 | $ | 507,692 | 100.0 | |||||||||||||||||
| Cost of goods sold | 338,615 | 64.0 | 299,984 | 59.1 | |||||||||||||||||||
| Gross profit | 190,155 | 36.0 | 207,708 | 40.9 | |||||||||||||||||||
| Selling, general, and administrative expenses | 131,372 | 24.8 | 127,634 | 25.1 | |||||||||||||||||||
| Income from operations | 58,783 | 11.1 | 80,074 | 15.8 | |||||||||||||||||||
| Interest expense, net | 5,807 | 1.1 | 7,358 | 1.4 | |||||||||||||||||||
| Other income, net | (3,246) | (0.6) | (1,361) | (0.3) | |||||||||||||||||||
| Income before income taxes | 56,222 | 10.6 | 74,077 | 14.6 | |||||||||||||||||||
| Provision for income taxes | 12,671 | 2.4 | 16,572 | 3.3 | |||||||||||||||||||
| Net income | $ | 43,551 | 8.2 | $ | 57,505 | 11.3 | |||||||||||||||||
| Diluted earnings per share | $ | 1.43 | $ | 1.87 | |||||||||||||||||||
| Weighted average diluted shares outstanding | 30,423 | 30,810 | |||||||||||||||||||||
* Percentage of sales. Data may not add due to rounding.
DORMAN PRODUCTS, INC.
Consolidated Balance Sheets
(in thousands, except share data)
| (unaudited) | 3/28/26 | 12/31/25 | |||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 43,056 | $ | 49,436 | |||||||
Accounts receivable, less allowance for doubtful accounts of $1,879 and $1,948 | 503,026 | 479,252 | |||||||||
| Inventories | 902,422 | 959,019 | |||||||||
| Prepaids and other current assets | 26,896 | 33,819 | |||||||||
| Total current assets | 1,475,400 | 1,521,526 | |||||||||
| Property, plant, and equipment, net | 166,621 | 168,777 | |||||||||
| Operating lease right-of-use assets | 110,155 | 112,805 | |||||||||
| Goodwill | 387,334 | 387,334 | |||||||||
| Intangible assets, net | 251,785 | 257,079 | |||||||||
| Other assets | 43,836 | 45,557 | |||||||||
| Total assets | $ | 2,435,131 | $ | 2,493,078 | |||||||
| Liabilities and shareholders’ equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 133,549 | $ | 185,125 | |||||||
| Accrued compensation | 17,577 | 30,756 | |||||||||
| Accrued customer rebates and returns | 184,966 | 197,398 | |||||||||
| Revolving credit facility | 15,000 | — | |||||||||
| Current portion of long-term debt | 37,500 | 37,500 | |||||||||
| Other accrued liabilities | 59,533 | 42,048 | |||||||||
| Total current liabilities | 448,125 | 492,827 | |||||||||
| Long-term debt | 402,512 | 402,413 | |||||||||
| Long-term operating lease liabilities | 93,226 | 96,568 | |||||||||
| Deferred tax liabilities | 3,868 | 3,977 | |||||||||
| Other long-term liabilities | 20,697 | 20,218 | |||||||||
| Commitments and contingencies | |||||||||||
| Shareholders’ equity: | |||||||||||
Common stock, $0.01 par value; 50,000,000 shares authorized; 30,031,601 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively | 300 | 304 | |||||||||
| Additional paid-in capital | 134,230 | 137,109 | |||||||||
| Retained earnings | 1,337,092 | 1,344,183 | |||||||||
| Accumulated other comprehensive loss | (4,919) | (4,521) | |||||||||
| Total shareholders’ equity | 1,466,703 | 1,477,075 | |||||||||
| Total liabilities and shareholders' equity | $ | 2,435,131 | $ | 2,493,078 | |||||||
Selected Cash Flow Information (unaudited):
| Three Months Ended | |||||||||||
| (in thousands) | 3/28/26 | 3/29/25 | |||||||||
| Cash provided by operating activities | $ | 43,759 | $ | 51,237 | |||||||
| Depreciation and amortization | $ | 13,998 | $ | 13,843 | |||||||
| Capital expenditures | $ | 8,449 | $ | 10,985 | |||||||
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 | |||||||||||
| (unaudited) | 3/28/26* | 3/29/25* | |||||||||
| Net income (GAAP) | $ | 43,551 | $ | 57,505 | |||||||
| Pretax acquisition-related intangible assets amortization [1] | 5,174 | 5,471 | |||||||||
| Pretax acquisition-related transaction and other costs [2] | 242 | 492 | |||||||||
| Pretax reduction in workforce costs [3] | — | 114 | |||||||||
| Tax adjustment (related to above items) [4] | (1,284) | (1,474) | |||||||||
| Adjusted net income (Non-GAAP) | $ | 47,683 | $ | 62,108 | |||||||
| Diluted earnings per share (GAAP) | $ | 1.43 | $ | 1.87 | |||||||
| Pretax acquisition-related intangible assets amortization [1] | 0.17 | 0.18 | |||||||||
| Pretax acquisition-related transaction and other costs [2] | 0.01 | 0.02 | |||||||||
| Pretax reduction in workforce costs [3] | — | 0.00 | |||||||||
| Tax adjustment (related to above items) [4] | (0.04) | (0.05) | |||||||||
| Adjusted diluted earnings per share (Non-GAAP) | $ | 1.57 | $ | 2.02 | |||||||
| Weighted average diluted shares outstanding | 30,423 | 30,810 | |||||||||
* 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)
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||
| (unaudited) | 3/28/26 | Pct.** | 3/29/25 | Pct.** | |||||||||||||||||||
| SG&A expenses (GAAP) | $ | 131,372 | 24.8 | $ | 127,634 | 25.1 | |||||||||||||||||
| Pretax acquisition-related intangible assets amortization [1] | (5,174) | (1.0) | (5,471) | (1.1) | |||||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (242) | (0.0) | (492) | (0.1) | |||||||||||||||||||
| Pretax reduction in workforce costs [3] | — | — | (114) | (0.0) | |||||||||||||||||||
| Adjusted SG&A expenses (Non-GAAP) | $ | 125,956 | 23.8 | $ | 121,557 | 23.9 | |||||||||||||||||
| Net sales | $ | 528,770 | $ | 507,692 | |||||||||||||||||||
[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) during the three months ended March 28, 2026. Such costs were $5.5 million pretax (or $4.1 million after tax) during the three months ended March 29, 2025.
[2] – Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions. During the three months ended March 28, 2026, and March 29, 2025, 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.
[3] – Pretax reduction in workforce costs represents costs incurred in connection with our planned workforce reduction, including insurance continuation costs. During the three months ended March 29, 2025, the expenses were $0.1 million pretax (or $0.1 million after tax).
[4] – Tax adjustments represent the aggregate tax effect of all non-GAAP adjustments reflected in the table above and totaled $(1.3) million during the three months ended March 28, 2026, and $(1.5) million during the three months ended March 29, 2025. Such items are estimated by applying our statutory tax rate to the pretax amount, or an actual tax amount for discrete items.
2026 Guidance:
The Company reaffirms the following guidance ranges related to its full year 2026 outlook:
| Year Ending 12/31/2026 | |||||||||||
| (unaudited) | Low End | High End | |||||||||
| Diluted earnings per share (GAAP) | $ | 7.57 | $ | 7.97 | |||||||
| Pretax acquisition-related intangible assets amortization | 0.66 | 0.66 | |||||||||
| Pretax acquisition transaction and other costs | 0.03 | 0.03 | |||||||||
| Tax adjustment (related to above items) | (0.16) | (0.16) | |||||||||
| Adjusted diluted earnings per share (Non-GAAP) | $ | 8.10 | $ | 8.50 | |||||||
| Weighted average diluted shares outstanding | 30,500 | 30,500 | |||||||||
FAQ
How did Dorman Products (DORM) perform in Q1 2026?
Dorman Products grew Q1 2026 net sales to $528.8 million, up 4.2% year over year. However, net income fell to $43.6 million and diluted EPS declined to $1.43, mainly from higher costs and lower gross margin compared to 2025.
What guidance did Dorman Products (DORM) give for full-year 2026?
For 2026, Dorman reaffirmed net sales growth guidance of 7%–9% versus 2025. It expects GAAP diluted EPS of $7.57–$7.97 and adjusted diluted EPS of $8.10–$8.50, incorporating tariffs enacted as of May 4, 2026.
How did tariffs affect Dorman Products (DORM) results?
Management said lower EPS was driven largely by higher costs from tariffs implemented in 2025. These tariffs contributed to gross margin falling to 36.0% of sales from 40.9%, pressuring profitability even as revenue increased modestly year over year.
How did Dorman Products (DORM) segment performance look in Q1 2026?
Light Duty net sales reached $423.8 million, up 4%, with segment margin at 14.1%. Heavy Duty sales were $57.8 million, up 12%, and Specialty Vehicle sales were $47.2 million, flat year over year, each with varying margin changes versus 2025.