Dorman Products Q3 2026 EPS falls 20% to $1.98
Sales increased in each of Dorman's three segments, while segment profit margins declined in Light Duty and Heavy Duty and rose in Specialty Vehicle.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Dorman Products, Inc. (DORM) reported third-quarter 2026 net sales of $561.7 million, up 3.3% year over year. Net income was $59.2 million versus $76.4 million; diluted EPS was $1.98, down 20%, and adjusted diluted EPS was $2.08, down 21%. Gross profit was $221.6 million, or 39.4% of sales, compared with $241.4 million, or 44.4%, a year earlier. Dorman said the earnings comparison reflected the timing of tariff-related pricing that benefited Q3 2025.
Operating cash flow was $64.6 million versus $12.2 million a year earlier. Dorman repurchased $15 million of shares in Q3 and reported year-to-date repurchases of $112 million, a company record. It narrowed 2026 guidance to net sales growth of 2%–3%, diluted EPS of $7.95–$8.15, and adjusted diluted EPS of $8.50–$8.70, citing additional pricing actions expected in Q4. Guidance includes the expected impact of tariffs enacted as of October 26, 2026, and excludes potential tariff changes after that date, future acquisitions and divestitures, and additional share repurchases.
1 point · 0 major0 major · 1 point
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointOperating cash flow was $64.6 million, versus $12.2 million a year earlier.
Negative
- Moderate pointQ3 diluted EPS: $1.98, down 20%; adjusted diluted EPS: $2.08, down 21%.
Filing Explained
In its third-quarter report, Dorman Products records cash and long-term debt at
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, or exhibit attachments filed with this report.
Key Figures
Net sales: $561.7 million
Diluted EPS: $1.98
Adjusted diluted EPS: $2.08
+5 more
8 metrics
Net sales
$561.7 million
Q3 2026; up 3.3% year over year
Diluted EPS
$1.98
Q3 2026; down 20% year over year
Adjusted diluted EPS
$2.08
Q3 2026; down 21% year over year
Operating cash flow
$64.6 million
Q3 2026; $12.2 million in Q3 2025
Share repurchases
$15 million
Q3 2026
2026 net sales growth guidance
2%–3%
Full-year 2026 versus 2025
2026 diluted EPS guidance
$7.95–$8.15 per share
Full-year 2026
2026 adjusted diluted EPS guidance
$8.50–$8.70 per share
Full-year 2026
Key Terms
Adjusted diluted earnings per share, Non-GAAP financial measures, Weighted average diluted shares outstanding, Facility consolidation costs
4 terms
Non-GAAP financial measures financial
"Non-GAAP financial measures should not be used as a substitute for GAAP 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.
Facility consolidation costs financial
"Pretax facility consolidation costs"
Earnings Snapshot
Net sales: $561.7 million · Guidance included
Third quarter ended September 26, 2026
Net sales
$561.7 million
Up 3.3% year over year
Net income
$59.2 million
Compared with $76.4 million in Q3 2025
Diluted EPS
$1.98
Down 20% year over year
Adjusted diluted EPS
$2.08
Down 21% year over year
Operating cash flow
$64.6 million
Compared with $12.2 million in Q3 2025
Guidance
2026 net sales growth of 2%–3%, diluted EPS of $7.95–$8.15, and adjusted diluted EPS of $8.50–$8.70.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did DORM perform in Q3 2026?
Dorman reported net sales of $561.7 million, up 3.3%, and diluted EPS of $1.98, down 20%, for the quarter ended September 26, 2026. Adjusted diluted EPS was $2.08, down 21% year over year.
What is DORM's 2026 guidance?
Dorman's updated 2026 guidance is net sales growth of 2%–3%, diluted EPS of $7.95–$8.15, and adjusted diluted EPS of $8.50–$8.70. The guidance includes the expected impact of tariffs enacted as of October 26, 2026, and excludes potential tariff changes after that date, future acquisitions and divestitures, and additional share repurchases.
How did DORM's three segments perform in Q3 2026?
All three segments reported sales growth: Light Duty sales rose 3% to $443.7 million, Heavy Duty rose 5% to $66.1 million, and Specialty Vehicle rose 3% to $51.9 million. Segment profit margins were 18.5%, 0.0%, and 13.1%, respectively, with year-over-year changes of down 520 basis points, down 450 basis points, and up 30 basis points.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): October 26, 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 October 26, 2026, Dorman Products, Inc. (the “Company”) issued a press release announcing its operating results for the third fiscal quarter ended September 26, 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 October 27, 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 October 26, 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 Third Quarter 2026 Results; Updates 2026 Guidance
Highlights (All comparisons are to the prior year period unless otherwise noted):
•Net sales of $561.7 million for the quarter, up 3.3%
•Diluted earnings per share (“EPS”) of $1.98, down 20%
•Adjusted diluted EPS* of $2.08, down 21%
•Generated $64.6 million of cash from operating activities; repurchased $15 million of shares
•Updates its full-year guidance for 2026
COLMAR, PA (October 26, 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 third quarter ended September 26, 2026.
Kevin Olsen, Dorman’s Chairman, President, and Chief Executive Officer, stated, “We delivered solid performance in the quarter. Net sales increased 3%, with top-line growth across each of our three business segments driven by new products and business wins. Diluted EPS was $1.98, and adjusted diluted EPS was $2.08, compared to $2.48 and $2.62, respectively, in the prior-year period. The year-over-year earnings comparison reflects the timing of tariff-related pricing that benefitted the third quarter of 2025. We also generated $65 million of operating cash flow and repurchased $15 million of our common stock in the quarter, bringing year-to-date share repurchases to a company record of $112 million.
“Given our performance through the first nine months of the year and additional pricing actions we expect to take in the fourth quarter, we are narrowing our full-year 2026 guidance. We now expect full-year net sales growth to be in the range of 2% to 3%, diluted EPS in the range of $7.95 to $8.15, and adjusted diluted EPS in the range of $8.50 to $8.70.
“Supported by our strong balance sheet and liquidity position, and the strategic advantages of our innovation engine and diversified supplier network, we remain confident in our long-term growth strategy.”
Third Quarter Financial Results
The Company reported third quarter 2026 net sales of $561.7 million, up 3.3% from net sales of $543.7 million in the third quarter of 2025.
Gross profit was $221.6 million in the third quarter of 2026, or 39.4% of net sales, compared to $241.4 million, or 44.4% of net sales, in the same quarter last year. Adjusted gross profit* was $221.2 million, or 39.4% of net sales, in the third quarter of 2026, compared to $241.4 million, or 44.4% of net sales, in the same quarter last year.
Selling, general, and administrative (“SG&A”) expenses were $138.7 million, or 24.7% of net sales, in the third quarter of 2026, compared to $135.7 million, or 25.0% of net sales, in the same quarter last year. Adjusted SG&A expenses* were $132.4 million, or 23.6% of net sales, in the third quarter of 2026, compared to $129.9 million, or 23.9% of net sales, in the same quarter last year.
Diluted EPS was $1.98 in the third quarter of 2026, down 20% from diluted EPS of $2.48 in the same quarter last year. Adjusted diluted EPS* was $2.08 in the third quarter of 2026, down 21% compared to adjusted diluted EPS* of $2.62 in the same quarter last year.
Segment results were as follows:
| Net Sales | Segment Profit Margin | ||||||||||||||||||||||||||||||||||
| ($ in millions) | Q3 2026 | Q3 2025 | Change | Q3 2026 | Q3 2025 | Change | |||||||||||||||||||||||||||||
| Light Duty | $ | 443.7 | $ | 430.3 | 3 | % | 18.5 | % | 23.7 | % | -520 bps | ||||||||||||||||||||||||
| Heavy Duty | $ | 66.1 | $ | 63.0 | 5 | % | 0.0 | % | 4.5 | % | -450 bps | ||||||||||||||||||||||||
| Specialty Vehicle | $ | 51.9 | $ | 50.4 | 3 | % | 13.1 | % | 12.8 | % | 30 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 October 26, 2026. The Company’s guidance excludes the impact of potential tariff changes after October 26, 2026, future acquisitions and divestitures, and additional share repurchases.
| Updated 2026 Guidance | Prior 2026 Guidance | |||||||
| Net Sales Growth vs. 2025 | 2% – 3% | 3% – 5% | ||||||
| Diluted EPS | $7.95 – $8.15 | $7.93 – $8.23 | ||||||
| Growth vs. 2025 | 20% – 23% | 19% – 24% | ||||||
| Adjusted Diluted EPS* | $8.50 – $8.70 | $8.50 – $8.80 | ||||||
| Growth vs. 2025 | (4)% – (2)% | (4)% – (1)% | ||||||
| Tax Rate Estimate | 23.5% – 24.0% | 23.5% | ||||||
Conference Call and Webcast
The Company will hold a conference call and webcast for investors on Tuesday, October 27, 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 “DORMQ326”. 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 supplemental schedules attached include the reasons 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.
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, 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 Investor Relations website at investors.dormanproducts.com, which 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) | 9/26/26 | Pct.* | 9/27/25 | Pct. * | |||||||||||||||||||
| Net sales | $ | 561,722 | 100.0 | $ | 543,736 | 100.0 | |||||||||||||||||
| Cost of goods sold | 340,124 | 60.6 | 302,309 | 55.6 | |||||||||||||||||||
| Gross profit | 221,598 | 39.4 | 241,427 | 44.4 | |||||||||||||||||||
| Selling, general, and administrative expenses | 138,660 | 24.7 | 135,677 | 25.0 | |||||||||||||||||||
| Income from operations | 82,938 | 14.8 | 105,750 | 19.4 | |||||||||||||||||||
| Interest expense | 8,016 | 1.4 | 7,235 | 1.3 | |||||||||||||||||||
| Interest income | 776 | 0.1 | 28 | 0.0 | |||||||||||||||||||
| Other income, net | 1,652 | 0.3 | 1,385 | 0.3 | |||||||||||||||||||
| Income before income taxes | 77,350 | 13.8 | 99,928 | 18.4 | |||||||||||||||||||
| Provision for income taxes | 18,175 | 3.2 | 23,508 | 4.3 | |||||||||||||||||||
| Net income | $ | 59,175 | 10.5 | $ | 76,420 | 14.1 | |||||||||||||||||
| Diluted earnings per share | $ | 1.98 | $ | 2.48 | |||||||||||||||||||
| Weighted average diluted shares outstanding | 29,860 | 30,782 | |||||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.* | 9/27/25 | Pct. * | |||||||||||||||||||
| Net sales | $ | 1,635,090 | 100.0 | $ | 1,592,387 | 100.0 | |||||||||||||||||
| Cost of goods sold | 972,112 | 59.5 | 923,739 | 58.0 | |||||||||||||||||||
| Gross profit | 662,978 | 40.5 | 668,648 | 42.0 | |||||||||||||||||||
| Selling, general, and administrative expenses | 405,040 | 24.8 | 400,343 | 25.1 | |||||||||||||||||||
| Income from operations | 257,938 | 15.8 | 268,305 | 16.8 | |||||||||||||||||||
| Interest expense | 20,685 | 1.3 | 21,862 | 1.4 | |||||||||||||||||||
| Interest income | 1,327 | 0.1 | 115 | 0.0 | |||||||||||||||||||
| Other income, net | 10,475 | 0.6 | 4,290 | 0.3 | |||||||||||||||||||
| Income before income taxes | 249,055 | 15.2 | 250,848 | 15.8 | |||||||||||||||||||
| Provision for income taxes | 58,558 | 3.6 | 58,214 | 3.7 | |||||||||||||||||||
| Net income | $ | 190,497 | 11.7 | $ | 192,634 | 12.1 | |||||||||||||||||
| Diluted earnings per share | $ | 6.33 | $ | 6.26 | |||||||||||||||||||
| Weighted average diluted shares outstanding | 30,088 | 30,757 | |||||||||||||||||||||
* Percentage of sales. Data may not add due to rounding.
DORMAN PRODUCTS, INC.
Consolidated Balance Sheets
(in thousands, except share data)
| (unaudited) | 9/26/26 | 12/31/25 | |||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 167,005 | $ | 49,436 | |||||||
Accounts receivable, less allowance for doubtful accounts of $1,993 and $1,948 | 628,402 | 479,252 | |||||||||
| Inventories | 787,358 | 959,019 | |||||||||
| Prepaids and other current assets | 40,661 | 33,819 | |||||||||
| Total current assets | 1,623,426 | 1,521,526 | |||||||||
| Property, plant, and equipment, net | 165,365 | 168,777 | |||||||||
| Operating lease right-of-use assets | 99,938 | 112,805 | |||||||||
| Goodwill | 387,334 | 387,334 | |||||||||
| Intangible assets, net | 241,367 | 257,079 | |||||||||
| Other assets | 41,414 | 45,557 | |||||||||
| Total assets | $ | 2,558,844 | $ | 2,493,078 | |||||||
| Liabilities and shareholders’ equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 180,169 | $ | 185,125 | |||||||
| Accrued compensation | 26,182 | 30,756 | |||||||||
| Accrued customer rebates and returns | 182,560 | 197,398 | |||||||||
| Current portion of long-term debt | — | 37,500 | |||||||||
| Other accrued liabilities | 55,659 | 42,048 | |||||||||
| Total current liabilities | 444,570 | 492,827 | |||||||||
| Long-term debt | 440,717 | 402,413 | |||||||||
| Long-term operating lease liabilities | 82,685 | 96,568 | |||||||||
| Deferred tax liabilities | 4,215 | 3,977 | |||||||||
| Other long-term liabilities | 21,709 | 20,218 | |||||||||
| Commitments and contingencies | |||||||||||
| Shareholders’ equity: | |||||||||||
Common stock, $0.01 par value; 50,000,000 shares authorized; 29,574,883 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively | 296 | 304 | |||||||||
| Additional paid-in capital | 148,857 | 137,109 | |||||||||
| Retained earnings | 1,420,768 | 1,344,183 | |||||||||
| Accumulated other comprehensive loss | (4,973) | (4,521) | |||||||||
| Total shareholders’ equity | 1,564,948 | 1,477,075 | |||||||||
| Total liabilities and shareholders' equity | $ | 2,558,844 | $ | 2,493,078 | |||||||
Selected Cash Flow Information (unaudited):
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| (in thousands) | 9/26/26 | 9/27/25 | 9/26/26 | 9/27/25 | |||||||||||||||||||
| Cash provided by operating activities | $ | 64,566 | $ | 12,205 | $ | 260,947 | $ | 71,990 | |||||||||||||||
| Depreciation and amortization | $ | 13,765 | $ | 14,036 | $ | 41,672 | $ | 41,798 | |||||||||||||||
| Capital expenditures | $ | 7,683 | $ | 10,383 | $ | 25,208 | $ | 29,818 | |||||||||||||||
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 | Nine Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | 9/27/25 | 9/26/26 | 9/27/25 | |||||||||||||||||||
| Net income (GAAP) | $ | 59,175 | $ | 76,420 | $ | 190,497 | $ | 192,634 | |||||||||||||||
| Pretax acquisition-related intangible assets amortization [1] | 5,069 | 5,442 | 15,416 | 16,319 | |||||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (55) | 286 | 420 | 1,119 | |||||||||||||||||||
| Pretax facility consolidation costs [3] | 826 | — | 826 | — | |||||||||||||||||||
| Pretax bargain purchase gain [4] | (1,457) | — | (1,457) | — | |||||||||||||||||||
| Pretax write-off of capitalized debt issuance costs [5] | — | — | 802 | — | |||||||||||||||||||
| Pretax reduction in workforce costs [6] | — | — | — | 147 | |||||||||||||||||||
| Tax adjustment (related to above items) [7] | (1,393) | (1,391) | (4,147) | (4,268) | |||||||||||||||||||
| Adjusted net income (Non-GAAP) | $ | 62,165 | $ | 80,757 | $ | 202,357 | $ | 205,951 | |||||||||||||||
| Diluted earnings per share (GAAP) | $ | 1.98 | $ | 2.48 | $ | 6.33 | $ | 6.26 | |||||||||||||||
| Pretax acquisition-related intangible assets amortization [1] | 0.17 | 0.18 | 0.51 | 0.53 | |||||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (0.00) | 0.01 | 0.01 | 0.04 | |||||||||||||||||||
| Pretax facility consolidation costs [3] | 0.03 | — | 0.03 | — | |||||||||||||||||||
| Pretax bargain purchase gain [4] | (0.05) | — | (0.05) | — | |||||||||||||||||||
| Pretax write-off of capitalized debt issuance costs [5] | — | — | 0.03 | — | |||||||||||||||||||
| Pretax reduction in workforce costs [6] | — | — | — | 0.00 | |||||||||||||||||||
| Tax adjustment (related to above items) [7] | (0.05) | (0.05) | (0.14) | (0.14) | |||||||||||||||||||
| Adjusted diluted earnings per share (Non-GAAP)* | $ | 2.08 | $ | 2.62 | $ | 6.73 | $ | 6.70 | |||||||||||||||
| Weighted average diluted shares outstanding | 29,860 | 30,782 | 30,088 | 30,757 | |||||||||||||||||||
* 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 Gross Profit: | |||||||||||||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.** | 9/27/25 | Pct.** | |||||||||||||||||||
| Gross profit (GAAP) | $ | 221,598 | 39.4 | $ | 241,427 | 44.4 | |||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (408) | (0.1) | — | — | |||||||||||||||||||
| Adjusted gross profit (Non-GAAP) | $ | 221,190 | 39.4 | $ | 241,427 | 44.4 | |||||||||||||||||
| Net sales | $ | 561,722 | $ | 543,736 | |||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.** | 9/27/25 | Pct.** | |||||||||||||||||||
| Gross profit (GAAP) | $ | 662,978 | 40.5 | $ | 668,648 | 42.0 | |||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (408) | (0.0) | — | — | |||||||||||||||||||
| Adjusted gross profit (Non-GAAP) | $ | 662,570 | 40.5 | $ | 668,648 | 42.0 | |||||||||||||||||
| Net sales | $ | 1,635,090 | $ | 1,592,387 | |||||||||||||||||||
| Adjusted SG&A Expenses: | |||||||||||||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.** | 9/27/25 | Pct.** | |||||||||||||||||||
| SG&A expenses (GAAP) | $ | 138,660 | 24.7 | $ | 135,677 | 25.0 | |||||||||||||||||
| Pretax acquisition-related intangible assets amortization [1] | (5,069) | (0.9) | (5,442) | (1.0) | |||||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (353) | (0.1) | (286) | (0.1) | |||||||||||||||||||
| Pretax facility consolidation costs [3] | (826) | (0.1) | — | — | |||||||||||||||||||
| Adjusted SG&A expenses (Non-GAAP) | $ | 132,412 | 23.6 | $ | 129,949 | 23.9 | |||||||||||||||||
| Net sales | $ | 561,722 | $ | 543,736 | |||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.** | 9/27/25 | Pct.** | |||||||||||||||||||
| SG&A expenses (GAAP) | $ | 405,040 | 24.8 | $ | 400,343 | 25.1 | |||||||||||||||||
| Pretax acquisition-related intangible assets amortization [1] | (15,416) | (0.9) | (16,319) | (1.0) | |||||||||||||||||||
| Pretax acquisition-related transaction and other costs [2] | (828) | (0.1) | (1,119) | (0.1) | |||||||||||||||||||
| Pretax facility consolidation costs [3] | (826) | (0.1) | — | — | |||||||||||||||||||
| Pretax reduction in workforce costs [6] | — | — | (147) | (0.0) | |||||||||||||||||||
| Adjusted SG&A expenses (Non-GAAP) | $ | 387,970 | 23.7 | $ | 382,758 | 24.0 | |||||||||||||||||
| Net sales | $ | 1,635,090 | $ | 1,592,387 | |||||||||||||||||||
DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)
| Adjusted Other Income, Net: | |||||||||||||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.** | 9/27/25 | Pct.** | |||||||||||||||||||
| Other income, net (GAAP) | $ | 1,652 | 0.3 | $ | 1,385 | 0.3 | |||||||||||||||||
| Pretax bargain purchase gain [4] | (1,457) | (0.3) | — | — | |||||||||||||||||||
| Adjusted other income, net (Non-GAAP) | $ | 195 | 0.0 | $ | 1,385 | 0.3 | |||||||||||||||||
| Net sales | $ | 561,722 | $ | 543,736 | |||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||
| (unaudited) | 9/26/26 | Pct.** | 9/27/25 | Pct.** | |||||||||||||||||||
| Other income, net (GAAP) | $ | 10,475 | 0.6 | $ | 4,290 | 0.3 | |||||||||||||||||
| Pretax bargain purchase gain [4] | (1,457) | (0.1) | — | — | |||||||||||||||||||
| Pretax write-off of capitalized debt issuance costs [5] | 802 | 0.0 | — | — | |||||||||||||||||||
| Adjusted other income, net (Non-GAAP) | $ | 9,820 | 0.6 | $ | 4,290 | 0.3 | |||||||||||||||||
| Net sales | $ | 1,635,090 | $ | 1,592,387 | |||||||||||||||||||
[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 $5.1 million pretax (or $3.9 million after tax) and $15.4 million pretax (or $11.8 million after tax) during the three and nine months ended September 26, 2026, respectively. Such costs were $5.4 million pretax (or $4.1 million after tax) and $16.3 million pretax (or $12.3 million after tax) during the three and nine months ended September 27, 2025, respectively.
[2] – Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions and inventory fair value adjustments. During the three and nine months ended September 26, 2026, we incurred benefits included in cost of goods sold for acquisition-related reserve releases, net of inventory fair value adjustments of $0.4 million pretax (or $0.3 million after tax). During the three and nine months ended September 26, 2026, we incurred charges included in selling, general, and administrative expenses to complete and integrate acquisitions of $0.4 million pretax (or $0.3 million after tax) and $0.8 million pretax (or $0.6 million after tax), respectively.
Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions included in selling, general, and administrative expenses totaled $0.3 million pretax (or $0.2 million after tax) and $1.1 million pretax (or $0.8 million after tax), during the three and nine months ended September 27, 2025, respectively.
[3] – Pretax facility consolidation expenses represent costs incurred in connection with our planned facility consolidations and relocations. During the three and nine months ended September 26, 2026, such costs were $0.8 million pretax (or $0.6 million after tax).
[4] – Pretax bargain purchase gain resulted from the excess fair value of assets acquired in a business combination over the purchase price and was $1.5 million pretax (or $1.5 million after tax) during the three and nine months ended September 26, 2026, and was included in other income, net.
[5] – Pretax write-off of capitalized debt issuance costs totaled $0.8 million (or $0.6 million after tax) during the nine months ended September 26, 2026. These write-offs are associated with retirement of our term loan debt and the modification of our revolving credit facility.
[6] – Pretax reduction in workforce costs represents costs incurred in connection with our planned workforce reduction, including insurance continuation costs. During the nine months ended September 27, 2025, the expenses were $0.1 million pretax (or $0.1 million after tax).
[7] – Tax adjustments represent the aggregate tax effect of all non-GAAP adjustments reflected in the table above and totaled $(1.4) million and $(4.1) million during the three and nine months ended September 26, 2026, respectively, and $(1.4) million and $(4.3)
DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)
million during the three and nine months ended September 27, 2025, respectively. 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 updates 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) | $ | 7.95 | $ | 8.15 | |||||||
| Pretax acquisition-related intangible assets amortization | 0.68 | 0.68 | |||||||||
| Pretax acquisition-related transaction and other costs | 0.04 | 0.04 | |||||||||
| Pretax facility consolidation costs | 0.03 | 0.03 | |||||||||
| Pretax bargain purchase gain | (0.05) | (0.05) | |||||||||
| Pretax write-off of capitalized debt issuance costs | 0.03 | 0.03 | |||||||||
| Tax adjustment (related to above items) | (0.18) | (0.18) | |||||||||
| Adjusted diluted earnings per share (Non-GAAP) | $ | 8.50 | $ | 8.70 | |||||||
| Weighted average diluted shares outstanding | 30,000 | 30,000 | |||||||||