Slide 1: Dorman Products, Inc. Q2 2026 Earnings Presentation
DORMAN PRODUCTS, INC. Q2 2026 EARNINGS PRESENTATION AUGUST 4, 2026
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward - Looking Statements & Non - GAAP Financial Measures FORWARD - LOOKING STATEMENTS This presentation contains “forward -looking statements” within the evolution of the motor vehicle aftermarket industry; changes could affect the Company’s business, reputation, results of the meaning of the Pr
Slide 3: Q2 2026 Highlights
Q2 2026 Highlights Net Sales of $545 million up 0.7% over Q2 2025 Current Business Environment Adjusted Operating Margin of 22.3% up 600bps over Q2 2025 • IEEPA refunds received in Q2’26, positively Adjusted EBITDA Margin of 26.1% impacted margins and earnings growth up 710bps over Q2 2025 • Tariff
Slide 4: Light Duty Segment Quarterly Highlights
Light Duty Segment Quarterly Highlights Net Sales & Operating Margin Market Observations $1,500 $1,600 $1,450 $1,400 $1,350 $1,300 18.5% 24.7% 19.2% 19.4% $1,400 • Long -term aftermarket drivers remain positive, with the average age of light duty $1,250 $1,200 $1,150 $1,200 vehicles now at 12.9 year
Slide 5: Heavy Duty Segment Quarterly Highlights
Heavy Duty Segment Quarterly Highlights Net Sales & Operating Margin Market Observations $210 $1,600 $200 $190 • Great Freight Recession continued in Q2’26, with higher fuel costs and general $180 0.8% 4.2% 0.3% 2.6% $1,400 $170 inflation further impacting consumer sentiment $160 $1,200 $150 +9% $14
Slide 6: Specialty Vehicle Segment Quarterly Highlights
Specialty Vehicle Segment Quarterly Highlights Net Sales & Operating Margin Market Observations $185 $1,600 $180 $175 $170 $165 $160 $155 17.3% 26.1% 14.0% 18.0% $1,400 • New vehicle sales continued to remain positive, but largely driven by higher end $150 $145 $140 $1,200 models aimed at more afflu
Slide 7: Q2 2026 Performance Highlights
Q2 2026 Performance Highlights Net Sales Adj. Operating Income Adj. Diluted EPS 1300 +2% +14% 1290 1280 1270 1260 1250 16.3% 22.3% 16.6% 17.3% 1240 1230 1220 1210 1200 1190 1180 1170 1160 1150 1140 1130 $1,049 $1,073 $4.64 1120 1110 1100 1090 1080 1070 1060 1050 1040 1030 1020 1010 1000 990 +7% $4.0
Slide 8: Free Cash Flow
Free Cash Flow Free Cash Flow • IEEPA refund and working capital improvements $144 drove increase in operating cash flow during the quarter $82 • Additional cash on hand and expanded balance sheet capacity provide capital allocation levers to drive long -term growth $34 $35 • Share repurchases of $4
Slide 9: Leverage & Liquidity
Leverage & Liquidity New Debt Facility Expands Liquidity Position Net Leverage Liquidity Revolving Credit Facility $0 Senior Notes $ 450 Total Revolver Commitment $ 800 Less: Cash and Cash Equivalents ($ 132) Less: Revolver Draw Outstanding 2 ($ 1) Net Debt $ 318 Available Revolver Capacity $ 799 LT
Slide 10: Updated 2026 Guidance
Updated 2026 Guidance Adjusted Diluted EPS Prior Updated Guidance FY 2026 FY 2026 Guidance Guidance $8.87 $8.50 -$8.80 (as of 8/3/2026) $0.30 Net Sales change vs. previous year 7% - 9% 3% - 5% $1.25 +10% * $8.35 * +7% $7.62 Diluted EPS $7.57 - $7.97 $7.93 - $8.23 $7.13 Change vs. previous year 14% -
Slide 11: Q2 2026 Summary
Q2 2026 Summary Strong earnings growth and cash flow generation in Q2’26 positions us well for the future Long -term outlook remains unchanged, with strong aftermarket demand drivers in place Focused on driving innovation and operational excellence across each segment 11
Slide 12: Appendix – Non-GAAP Reconciliations
Appendix – Non - GAAP Reconciliations
Slide 13: Reconciliation of One-time IEEPA Tariff Recovery Benefits
Reconciliation of One - time IEEPA Tariff Recovery Benefits Three Months Ended 6/27/26 Six Months Ended 6/27/26 Reported Recovery Benefit Comparable Reported Recovery Benefit Comparable $ in thousands, except EPS Adjusted Gross Profit Light Duty $ 201,718 $ (38,646) $ 163,072 $ 355,921 $ (10,194) $
Slide 14: Reconciliation of Adjusted SG&A
Reconciliation of Adjusted SG&A Three Months Ended ($ in thousands) 6/27/26 % of Sales* 6/28/25 % of Sales* SG&A expenses (GAAP) $ 135,008 24.8% $ 137,032 25.3% Pretax acquisition-related intangible assets amortization (5,173) -0.9% (5,406) -1.0% Pretax acquisition-related transaction and other cost
Slide 15: Reconciliation of Adjusted Operating Income
Reconciliation of Adjusted Operating Income Three Months Ended ($ in thousands) 6/27/26 % of Sales* 6/28/25 % of Sales* Income from operations (GAAP) $ 116,217 21.3% $ 82,481 15.2% Pretax acquisition-related intangible assets amortization 5,173 0.9% 5,406 1.0% Pretax acquisition-related transaction
Slide 16: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Three Months Ended Twelve Months Ended ($ in thousands) 6/27/26 6/28/25 6/27/26 6/28/25 Net Income (GAAP) $ 87,771 $ 58,709 $ 219,302 $ 225,980 Add: Interest expense, net 6,311 7,182 26,153 33,460 Provision for income taxes 27,712 18,134 76,928 75,013 Depreciation a
Slide 17: Reconciliation of Adjusted Diluted EPS
Reconciliation of Adjusted Diluted EPS Three Months Ended Six Months Ended ($ in thousands, except per share amounts) 6/27/26 6/28/25 6/27/26 6/28/25 Net income (GAAP) $ 87,771 $ 58,709 $ 131,322 $ 116,214 Pretax acquisition-related intangible assets amortization 5,173 5,406 10,347 10,877 Pretax acq
Slide 18: Reconciliation of Adjusted Operating Income - Guidance
Reconciliation of Adjusted Operating Income - Guidance Year Ending 12/31/2026 ($ in thousands) Low End % of Sales High End % of Sales Income from operations (GAAP) $ 319,775 14.6% $ 346,775 15.5% Pretax acquisition-related intangible assets amortization 20,400 0.9% 20,400 0.9% Pretax acquisition-rel
Slide 19: Reconciliation of Adjusted Diluted EPS - Guidance
Reconciliation of Adjusted Diluted EPS - Guidance Year Ending 12/31/2026 Low End High End Diluted earnings per share (GAAP) $ 7.93 $ 8.23 Pretax acquisition-related intangible assets amortization 0.68 0.68 Pretax acquisition-related transaction and other costs 0.03 0.03 Pretax write-off of capitaliz