Dorman Products Inc
NASDAQ:DORM

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Dorman Products Inc
NASDAQ:DORM
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Price: 125.71 USD 1.57%
Market Cap: 3.8B USD

Dorman Products Inc
Investor Relations

Founded in 1978, Dorman Products Inc. has long cemented its place as a pivotal player in the automotive aftermarket industry. From its humble beginnings, where it was known for a modest assortment of automotive parts, Dorman has grown into a powerhouse that supplies a vast catalog of replacement parts, fasteners, and innovative repair solutions for the automotive industry. The company's prowess lies in its ability to cater to the relentless demand for high-quality, cost-effective parts that keep vehicles on the road long after their original components have worn out. With an extensive product range spanning complex electronic components, advanced control modules, to everyday replacement parts, Dorman Products strategically fills the gaps left by original equipment manufacturers.

Dorman’s success hinges on its razor-sharp focus on innovation, speed-to-market, and a keen understanding of ever-evolving consumer needs. By employing a robust research and development process, the company consistently identifies automotive components that are prone to failure and develops reliable aftermarket solutions. This proactive approach not only earns customer loyalty but also ensures a steady revenue stream. Dorman leverages its expansive distribution network and strategic partnerships with major automotive retailers and wholesalers to deliver its products efficiently. As a result, Dorman continues to drive growth by delighting end-users with practical, durable, and affordable solutions that stand the test of time, anchoring its reputation as a trusted name in the automotive aftermarket industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Strong Growth: Dorman delivered 7.9% year-over-year net sales growth in Q3 2025, with Light Duty segment sales up 9%.

Margin Expansion: Adjusted operating margin reached 20.5%, up 340 basis points, and adjusted EPS grew 34% to $2.62.

Tariff Impact: Growth was primarily driven by tariff-related price increases, but management expects Q4 gross margin compression as higher-cost inventory flows through.

Cash Flow: Free cash flow remained weak at $2 million, though management expects improvement in future quarters.

Guidance Reaffirmed: Full-year 2025 net sales and EPS guidance were reaffirmed, with expected net sales growth of 7–9% and EPS of $8.60–$8.90.

Supply Chain Diversification: Dorman continues to reduce China exposure and is on track for 30–40% China sourcing by year-end.

Healthy Balance Sheet: Net leverage is low at 0.92x, supporting ongoing investment and potential M&A.

Key Financials
Net Sales
$544 million
Adjusted Gross Margin
44.4%
Adjusted Operating Income
$111 million
Adjusted Operating Margin
20.5%
Adjusted Diluted EPS
$2.62
Operating Cash Flow
$12 million
Free Cash Flow
$2 million
Net Debt
$401 million
Net Leverage Ratio
0.92x
Total Liquidity
$654 million
Tax Rate
23.5%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Steven L. Berman
Founder & Non-Executive Chairman
No Bio Available
Mr. Kevin M. Olsen CPA
President, CEO & Director
No Bio Available
Mr. David M. Hession
Senior VP, CFO & Treasurer
No Bio Available
Mr. Jeffery L. Darby
Senior Vice President of Sales & Marketing
No Bio Available
Mr. John McKnight
President of Heavy Duty
No Bio Available
Ms. Donna M. Long
Senior VP & Chief Information Officer
No Bio Available
Mr. Brian J. Borradaile
Senior Vice President of Strategy & Corporate Development
No Bio Available
Mr. Scott D. Leff
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Eric B. Luftig
Senior Vice President of Product
No Bio Available
Ms. Lindsay B. Hunt
President & CEO of Specialty Vehicles
No Bio Available

Contacts

Address
PENNSYLVANIA
Colmar Pennsylvania
3400 E Walnut St
Contacts