Dorman Products Inc
NASDAQ:DORM

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Dorman Products Inc
NASDAQ:DORM
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Price: 106.2 USD 4.9% Market Closed
Market Cap: $3.2B

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
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Revenue: Dorman reported Q4 net sales of $538 million, up 1% year-over-year, and full-year 2025 net sales of $2.13 billion, a 6% increase.

Margins: Q4 gross margin rose 90 basis points to 42.6%, ahead of expectations, driven by shipment of lower-cost pre-tariff inventory and ongoing supplier diversification.

EPS: Q4 adjusted diluted EPS was $2.17, at the high end of guidance but down 1% year-over-year amid strong prior year comparison.

Guidance: For 2026, Dorman expects 7% to 9% sales growth and adjusted EPS of $8.10 to $8.50, with operating margins initially lower in H1 but normalizing to high teens by year-end.

Tariff Impact: Tariffs had a pronounced effect on inventory costs, margins, and cash flow in 2025, and will continue to influence results in H1 2026.

Cash Flow: Q4 operating cash flow improved to $42 million, but full-year cash flow and free cash flow were down sharply due to tariffs.

Outlook: Management is confident in continued growth, citing robust new product development, market share gains, and improving inventory and order patterns.

Key Financials
Net Sales (Q4 2025)
$538 million
Net Sales (Full Year 2025)
$2.13 billion
Gross Margin (Q4 2025)
42.6%
SG&A Expense as % of Net Sales (Q4 2025)
25.2%
Operating Income (Q4 2025)
$93 million
Operating Margin (Q4 2025)
17.4%
Operating Margin (Full Year 2025)
17.8%
Adjusted Diluted EPS (Q4 2025)
$2.17
Adjusted Diluted EPS (Full Year 2025)
$8.87
Operating Cash Flow (Q4 2025)
$42 million
Net Debt (End of 2025)
$391 million
Net Leverage Ratio
0.89x adjusted EBITDA
Total Liquidity (End of 2025)
$648 million
Share Repurchases (Q4 2025)
$25 million
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
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