Dorman(US:DORM) Globenewswire·2026-02-25 21:01Core Insights - Dorman Products, Inc. reported strong financial results for the fourth quarter and full year ended December 31, 2025, highlighting significant growth in both net sales and adjusted earnings despite challenges in the market [2][10]. Financial Performance - Fourth quarter 2025 net sales reached $537.9 million, a 0.8% increase from $533.8 million in the fourth quarter of 2024 [4]. - Gross profit for the fourth quarter was $229.1 million, representing 42.6% of net sales, compared to $221.7 million or 41.5% of net sales in the same quarter last year [5]. - Selling, general, and administrative (SG&A) expenses were $141.1 million, or 26.2% of net sales, up from $135.0 million, or 25.3% of net sales in the prior year [6]. - Diluted EPS for the fourth quarter was $0.38, down 79% from $1.77 in the same quarter last year, primarily due to a non-cash goodwill impairment charge of $51.1 million related to the Heavy Duty segment [7][8]. - For the full year 2025, net sales totaled $2.13 billion, a 6.0% increase from $2.01 billion in 2024 [10]. - Full year diluted EPS was $6.64, an 8% increase from $6.14 in the prior year, while adjusted diluted EPS rose 24% to $8.87 [11]. Segment Performance - In the fourth quarter, Light Duty segment net sales were $428.6 million, showing a slight increase from $427.4 million in the previous year, with a profit margin decrease of 20 basis points [9]. - Heavy Duty segment net sales increased by 6% to $55.8 million, with a profit margin improvement of 130 basis points [9]. - Specialty Vehicle segment net sales remained flat at $53.5 million, with a profit margin decrease of 80 basis points [9][12]. 2026 Guidance - The company expects net sales growth of 7% to 9% year-over-year for 2026, with diluted EPS projected to be in the range of $7.57 to $7.97 [3][15]. - Adjusted diluted EPS is anticipated to be between $8.10 and $8.50, reflecting a potential decline of 4% to 9% compared to 2025 [15].