Dorman Products, Inc. Reports Third Quarter 2026 Results; Updates 2026 Guidance
Key Highlights
- ➤Net sales $561.7 million, up 3.3% year over year
- ➤Diluted EPS $1.98, down 20% year over year
- ➤Adjusted diluted EPS $2.08, down 21% year over year
- ➤2026 net sales growth guidance narrowed to 2%-3%, from 3%-5%
- ➤Q3 gross margin 39.4%, down from 44.4% year over year
Expert Statements
Kevin Olsen, Chairman, President, and Chief Executive Officer of Dorman Products
“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.”
Kevin Olsen, Chairman, President, and Chief Executive Officer of Dorman Products
“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.”
Kevin Olsen, Chairman, President, and Chief Executive Officer of Dorman Products
“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.”
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., Oct. 26, 2026 (GLOBE NEWSWIRE) -- 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.
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