Business
Dorman Products, Inc. Reports First Quarter 2025 Results
Highlights (All comparisons are to the prior year period unless otherwise noted): Net sales of $507.7 million for the quarter, up 8.3% compared to $468.7
About this update from Dorman Products, Inc.
[{"type":"text","content":"Highlights (All comparisons are to the prior year period unless otherwise noted): Net sales of $507.7 million for the quarter, up 8.3% compared to $468.7 millionDiluted earnings per share (“EPS”) of $1.87, up 78% compared to $1.05Adjusted diluted EPS* of $2.02, up 54% compared to $1.31Generated $51 million of cash from operating activities; repaid $20 million of debt and repurchased $12 million of its sharesReaffirms its full-year guidance for 2025, excluding tariffs COLMAR, Pa., May 05, 2025 (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 first quarter ended March 29, 2025. Kevin Olsen, Dorman’s President and Chief Executive Officer, stated, “We started the year with outstanding performance, including solid top- and bottom-line growth in the first quarter. Total net sales increased 8.3%, driven by strong customer demand in our Light Duty segment. This top-line growth, along with our continuing operational excellence initiatives, drove an impressive 78% increase in diluted EPS and a 54% increase in adjusted diluted EPS*. These results further support our outlook for continued growth in our underlying business in 2025. “While the recently enacted tariffs are expected to have a significant impact on the entire motor vehicle aftermarket and its global supply chain, we believe we are well-positioned to deliver for our customers and end-users. Over the last several years, we have diversified our supply chain, built deep relationships with our suppliers and customers, invested in innovation and strong brands, and strengthened our balance sheet and liquidity position. These actions have built resiliency within our business, and we believe we have the experience and talent to navigate the economic challenges ahead. First Quarter Financial ResultsThe Company reported first quarter 2025 net sales of $507.7 million, up 8.3% compared to net sales of $468.7 million in the first quarter of 2024. Gross profit was $207.7 million in the first quarter of 2025, or 40.9% of net sales, compared to $181.4 million, or 38.7% of net sales, in the same quarter last year. Selling, general and administrative (“SG&A”) expenses were $127.6 million, or 25.1% of net sales, in the first quarter of 2025 compared to $12...