Slide 1: Dorman Products, Inc. Q1 2026 Earnings Presentation
‘DORMAN PRODUCTS, INC. Q1 2026 EARNINGS PRESENTATION MAY 5, 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 meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking
Slide 3: Q1 2026 Highlights
Q1 2026 Highlights Net Sales of $529 million up 4.2% over Q1 2025 Adjusted Operating Margin of 12.1% down 490bps from Q1 2025 Adjusted EBITDA Margin of 15.2% down 440bps from Q1 2025 Adjusted Diluted EPS of $1.57 down 22.3% from Q1 2025 Operating Cash Flow of $44 million repurchased $51 million of c
Slide 4: Light Duty Segment Quarterly Highlights
| Light Duty Segment Quarterly Highlights Light Duty market trends remain positive, with vehicle miles traveled increasing year-over-year Used vehicle prices continue to increase, further supporting longer vehicle lives and demand for aftermarket repairs Increased opportunity with light trucks and S
Slide 5: Heavy Duty Segment Quarterly Highlights
eavy Duty Segment Quarterly Highlights _D.., $52 -0.3% Ql- 25 Ql- 26 mmm Net Sales Operating Margin Strong Net Sales growth driven by pricing initiatives and year- over-year impact of commercial excellence initiatives undertaken Modest Operating Margin improvement driven by pricing, but reflect high
Slide 6: Powersports Segment Quarterly Highlights
[Ssacens Vehicle Segment Quarterly Highlights 8.7% Ql- 25 Ql- 26 mmm Net Sales Operating Margin Flat top-line growth year-over-year, with pricing initiatives on certain categories offsetting slightly lower volume; first quarter seasonally the slowest in the year Operating Margin performance in line
Slide 7: Performance Highlights
N rformance Highlights D525 $508 Q1- 25 Q1- 26 Top-line performance driven by pricing initiatives, partially offset by lower volumes in Light Duty compared to strong Q1'25 growth; two-year Net Sales growth of 18% over Q1'24 Macro trends remain positive in Light Duty Innovation and commercialization
Slide 8: Free Cash Flow
lerée Cash Flow Operating cash flow and free cash flow continued to improve sequentially $40 Expecting more normalized free cash flow generation in 2026 compared to 2025 Share repurchases of $51 million $51 Repurchased 435K shares in Q1'26 at an $2 $42 ae average share price of $118 per share $0 on
Slide 9: Leverage & Liquidity
| Leverage & Liquidity Strong Balance Sheet and Liquidity Position Net Leverage Liquidity Revolving Credit Facility $15 Term Loan $441 Total Revolver Commitment $600 Less: Cash and Cash Equivalents ($43) Less: Revolver Draw Outstanding? ($16) Net Debt $413 Available Revolver Capacity $584 LTM Adjust
Slide 10: Capital Allocation Strategy
| Capital Allocation Strategy 2020-2025 Capital Deployment Long-Term Priorities Target Leverage + Target 2.0x leverage, 3.0x in first year following an acquisition Reinvestment - Continue to fund R&D and Capital Expenditures to enhance our existing product portfolio $1.8 Billion 4% Deployed Mergers
Slide 11: 2026 Guidance Reaffirmed
2026 Guidance Reaffirmed 8% CAGR® . 7, a0 $8.87 | Net Sales change vs. previous year 7% - 9% retreat] $8.10-$8.50 1 Est. | U impact | Loy Diluted EPS $7.57 - $7.97 $7.13 Change vs. previous year 14% - 20% Adjusted Diluted EPS $8.10 - $8.50 Change vs. previous year 9)% - (4)% 8 p . (2)%- (A)% 2024 20
Slide 12: Q1 2026 Summary
Q! 12 NW 1 2026 Summary Delivered solid performance, with top- and bottom-line results in line with our expectations Navigating well through broader economic and geopolitical dynamics Reaffirmed 2026 guidance and remain well- positioned to drive long-term growth as an innovation leader in the afterm
Slide 13: Appendix — Non-GAAP Reconciliations
' “Appendix — Non-GAAP Reconciliations
Slide 14: SG&A
[ Reconciliation of Adjusted SG&A 14 Three Months Ended 9, 9, ($ in thousands) 3/28/26 sa Oot 3/29/25 a oor SG&A expenses (GAAP) $ 131,372 24.8% $ 127,634 25.1% Pretax acquisition-related intangible assets amortization (5,174) -1.0% (5,471) -1.1% Pretax acquisition-related transaction and other cost
Slide 15: Operating Income
[ Reconciliation of Adjusted Operating Income 15 Three Months Ended . % of % of ($ in thousands) 3/28/26 Sales 3/29/25 Sales Income from operations (GAAP) $ 58,783 111% $ 80,074 15.8% Pretax acquisition-related intangible assets amortization 5,174 1.0% 5,471 11% Pretax acquisition-related transactio
Slide 16: EBITDA
[ Reconciliation of Adjusted EBITDA 16 ($ in thousands) Net Income (GAAP) Add: Interest expense, net Provision for income taxes Depreciation and amortization EBITDA EBITDA Adiustments Stock-based compensation Acquisition-related transaction and other costs Reduction in workforce costs Adjusted EBITD
Slide 17: EBITDA
[ Reconciliation of Adjusted EBITDA [ 2024 1 [ 2025 | ($ in thousands) Qi Q2 Q3 Q4 FY Qu Q2 Q3 Q4 FY Net Income (GAAP) $ 32,828 $ 47,410 $55,253 $ 54,513 $ 190,004 $57,505 $ 58,709 $ 76,420 $ 11,560 $ 204,194 Add: Interest expense, net 10,605 10,202 9,762 9,158 39,727 7,358 7,182 7,207 6,828 28,575
Slide 18: Diluted EPS
[ Reconciliation of Adjusted Diluted EPS 18 ($ in thousands, except per share amounts) Net income (GAAP) Pretax acquisition-related intangible assets amortization Pretax acquisition-related transaction and other costs Pretax reduction in workforce costs Tax adjustment (related to above items) Adjust
Slide 19: Operating Income Guidance
[ Reconciliation of Adjusted Operating Income- Guidance 19 ($ in thousands) Income from operations (GAAP) Pretax acquisition-related intangible assets amortization Pretax acquisition-related transaction and other costs Adjusted operating income (Non-GAAP) Year Ending 12/31/2026 Low End % of Sales Hi
Slide 20: Diluted EPS Guidance
[ Reconciliation of Adjusted Diluted EPS - Guidance Year Ending 12/31/2026 Low End High End Diluted earnings per share (GAAP) $ 7.57 $ 7.97 Pretax acquisition-related intangible assets amortization 0.66 0.66 Pretax acquisition transaction and other costs 0.03 0.03 Tax adjustment (related to above it