Dorman Products, Inc. Reports Third Quarter 2025 Results

Core Insights - Dorman Products, Inc. reported strong financial performance in Q3 2025, with net sales growth of 7.9% year-over-year and significant increases in diluted EPS and adjusted diluted EPS of 38% and 34%, respectively [2][6][9] Financial Performance - The company achieved net sales of $543.7 million in Q3 2025, compared to $503.8 million in Q3 2024, marking a 7.9% increase [3][9] - Gross profit for the quarter was $241.4 million, representing 44.4% of net sales, up from $203.8 million or 40.5% of net sales in the same quarter last year [4][18] - Selling, general, and administrative (SG&A) expenses were $135.7 million, or 25.0% of net sales, compared to $124.5 million, or 24.7% of net sales in Q3 2024 [5][18] - Diluted EPS was reported at $2.48, a 38% increase from $1.80 in Q3 2024, while adjusted diluted EPS was $2.62, up 34% from $1.96 [6][9] Segment Performance - In the Light Duty segment, net sales increased to $430.3 million, a 9% rise from $393.6 million, with a segment profit margin improvement of 470 basis points [6] - Heavy Duty segment net sales rose to $63.0 million, a 6% increase, maintaining a segment profit margin of 4.5% [6] - Specialty Vehicle segment net sales were $50.4 million, slightly down from $50.6 million, with a profit margin decrease of 420 basis points [6] Guidance - The company reaffirmed its full-year 2025 guidance, projecting net sales growth of 7% to 9% and diluted EPS in the range of $8.05 to $8.35, reflecting a growth of 31% to 36% compared to 2024 [7][8][33]