Dorman Products, Inc.
133.53-5.20 (-3.75%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · DORM · USD
Key Stats
Market Cap
4.08BP/E (TTM)
16.65Basic EPS (TTM)
8.02Dividend Yield
0%Recent Filings
8-K
Q3 sales up 7.9%, EPS jumps 38%
Dorman Products reported third-quarter 2025 net sales of $543.7 million, up 7.9% from $503.8 million last year, with gross margins expanding to 44.4% from 40.5%. Diluted EPS surged 38% to $2.48, driven by strong Light Duty segment growth of 9% and 470 basis points margin improvement, while Specialty Vehicle dipped slightly. The company reaffirms full-year guidance of 7-9% sales growth and $8.05-$8.35 diluted EPS. Tariffs pose a key risk to outlook.
10-Q
Q2 FY2025 results
Dorman Products posted solid Q2 results, with net sales climbing 7.6% year-over-year to $541M, fueled by strong Light Duty demand and new products, though Heavy Duty eked out a slim 1.4% gain while Specialty Vehicle dipped 3.2% on soft markets. Gross margins expanded 1.0 point to 40.6%, thanks to favorable mix and cost savings from supplier shifts and automation, lifting operating income 13.9% to $82M; diluted EPS rose to $1.91 from $1.53, aligning with 30,680 diluted shares. Cash from operations hit $60M year-to-date, funding $19M in capex for free cash flow of $41M (derived), while total debt eased to $462M with $599M revolver availability and no covenant issues. Inventories swelled $90M to support growth amid tariff pressures. Yet competition in the aftermarket keeps pricing tight.
8-K
Dorman boosts Q2 sales, EPS
Dorman Products reported Q2 2025 net sales of $541.0 million, up 7.6% from $503.0 million last year, fueled by 10% growth in its Light Duty segment while Heavy Duty dipped slightly. Diluted EPS climbed 25% to $1.91, boosted by supply chain efficiencies and automation. The company raised full-year guidance to 7-9% sales growth and $8.05-$8.35 diluted EPS. Tariffs pose a key risk to the outlook.
8-K
CFO Hession to retire
Dorman Products announced on June 2, 2025, that CFO David M. Hession plans to retire later this year after six years steering strategic acquisitions and bolstering profitability. The company has engaged an executive search firm and outlined a transition plan, with Hession staying on until a successor arrives, then advising briefly. His tenure strengthened the balance sheet while positioning Dorman for growth. Transition risks loom amid ongoing operations.
8-K
Bowen appointed chief accounting officer
Dorman Products appointed Gregory Bowen as Vice President, Chief Accounting Officer on May 19, 2025, elevating him from his controller role since 2020. With a $375,000 base salary, 40% cash incentive target, and 50% equity award, plus a $100,000 RSU grant vesting over three years, Bowen brings deep finance experience from CIRCOR and Dentsply Sirona. At the May 16 annual meeting, all eight directors won election with strong support, executive pay approval passed handily, and KPMG's audit role was ratified overwhelmingly. Smooth governance signals steady leadership amid routine transitions.
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