Dorman Products, Inc. Reports Second Quarter 2025 Results and Raises Full Year 2025 Guidance

Core Viewpoint - Dorman Products, Inc. reported strong financial results for the second quarter of 2025, with significant growth in both net sales and earnings per share, driven by robust demand in the Light Duty segment and effective cost-saving initiatives [2][3][10]. Financial Performance - The company achieved net sales of $541.0 million in Q2 2025, representing a 7.6% increase from $503.0 million in Q2 2024 [3][10]. - Gross profit for the quarter was $219.5 million, or 40.6% of net sales, compared to $199.4 million, or 39.6% of net sales, in the same quarter last year [4]. - Selling, general, and administrative (SG&A) expenses were $137.0 million, or 25.3% of net sales, up from $126.9 million, or 25.2% of net sales, in Q2 2024 [5]. - Diluted earnings per share (EPS) increased by 25% to $1.91, compared to $1.53 in the same quarter last year, while adjusted diluted EPS rose by 23% to $2.06 from $1.67 [6][10]. Segment Performance - The Light Duty segment reported net sales of $424.4 million, a 10% increase from $385.4 million in Q2 2024, with a segment profit margin improvement of 140 basis points to 18.5% [6]. - The Heavy Duty segment saw net sales of $62.1 million, a 1% increase from $61.2 million, but with a decline in segment profit margin of 360 basis points to 0.8% [6]. - The Specialty Vehicle segment experienced a 3% decrease in net sales to $54.5 million from $56.4 million, with a slight decline in profit margin of 50 basis points to 17.3% [6]. Updated Guidance - The company raised its full-year 2025 guidance, now expecting net sales growth of 7% to 9% and diluted EPS in the range of $8.05 to $8.35, compared to previous guidance of 3% to 5% growth and diluted EPS of $7.00 to $7.30 [3][9][33]. - Adjusted diluted EPS guidance was also increased to a range of $8.60 to $8.90, up from $7.55 to $7.85 [11][33].