Dorman Products, Inc. · NASDAQ:DORM
Dorman Products — Q3 2025 Earnings Presentation
17 slides from Dorman Products's earnings presentation, Oct 28, 2025
Slide 1: Dorman Products, Inc. Q3 2025 Earnings Presentation
'DORMAN PRODUCTS, INC. Q3 2025 EARNINGS PRESENTATION OCTOBER 28, 2025
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: Q3 2025 Highlights
Q3 2025 Highlights Net Sales of $544 million up 7.9% over Q3 2024 Adjusted Operating Margin of 20.5% 340bps improvement over Q3 2024 Adjusted Diluted EPS of $2.62 a 34% increase over Q3 2024 Operating Cash Flow of $12 million, impacted by higher cost inventory as a result of tariffs 2025 guidance re
Slide 4: Light Duty Segment Quarterly Highlights
| Light Duty Segment Quarterly Highlights Deen $394 23.7% 19.0% Q3 - 24 Q3-25 mmm Net Sales Operating Margin Net Sales growth and Operating Margin expansion primarily driven by tariff-related pricing initiatives Solid POS growth; customer inventory levels remained stable Remain focused on diversifyi
Slide 5: Heavy Duty Segment Quarterly Highlights
eavy Duty Segment Quarterly Highlights Market challenges continued through Q3’25, with freight and trucking $63 recession further prolonged by tariff impacts $60 Mixed market signals making timing of rebound difficult to predict, but not expecting significant further market degradation 4.5% 4.5% E-c
Slide 6: Specialty Vehicle Segment Quarterly Highlights
[Ssacens Vehicle Segment Quarterly Highlights —qp— Consumer sentiment remained soft during Q3'25, impacting end-user $50 purchases - especially in more discretionary categories UTV/ATV ridership activity remains strong and sentiment at races, showcases, and other industry events remains positive Veh
Slide 7: Q3 2025 Performance Highlights
'Q3 2025 Performance Highlights N mee $504 Q3-24 Q3-25 Top-line growth driven primarily by tariff- related pricing initiatives Positive macro trends continued to drive higher level of net sales in Light Duty segment Innovation strategy contributed to wins across each business segment Note: Dollar am
Slide 8: Free Cash Flow
lerée Cash Flow Operating cash flow continued to be impacted by higher-cost inventory as a result of tariffs $36 Capital expenditures increased modestly year- over-year, with timing of certain projects impacting overall investment in the quarter $44 Free cash flow expected to rebound in the capital
Slide 9: Leverage & Liquidity
| Leverage & Liquidity Strong Balance Sheet and Liquidity Position Net Leverage Liquidity Revolving Credit Facility $0 Term Loan $456 Total Revolver Commitment $600 Less: Cash and Cash Equivalents ($56) Less: Revolver Draw Outstanding? ($1) Net Debt $401 Available Revolver Capacity $599 LTM Consolid
Slide 10: 2025 Guidance Reaffirmed
2025 Guidance Reaffirmed Net Sales change vs. previous year 7% -9% Diluted EPS $8.05 - $8.35 Change vs. previous year 31% - 36% Adjusted Diluted EPS $8.60 - $8.90 Change vs. previous year 21% - 25% Guidance excludes any potential impact from future acquisitions and divestitures, supply chain disrupt
Slide 11: Q3 2025 Summary
Q3 2025 Summary Strong top- and bottom-line growth driven by timing dynamics of pricing and costs associated with tariffs Reaffirmed full-year guidance, given strong =_. performance through first nine months of the year — : Remain well-positioned to drive long-term growth a ff : df r
Slide 12: Appendix — Non-GAAP Reconciliations
' Appendix — Non-GAAP Reconciliations
Slide 13: Reconciliation of Adjusted Gross Margin
[ Reconciliation of Adjusted Gross Margin 13 ($ in thousands) Gross profit (GAAP) Pretax acquisition-related transaction and other costs Adjusted gross profit (Non-GAAP) *Amounts may not add due to rounding Three Months Ended % of % of 9/27/25 ye 9/28/24 $ 241,427 444% $ 203,803 40.5% =- =- 1 0.0% $
Slide 14: Reconciliation of Adjusted SG&A
[ Reconciliation of Adjusted SG&A 14 ($ in thousands) SG&A expenses (GAAP) Pretax acquisition-related intangible assets amortization Pretax acquisition-related transaction and other costs Pretax reduction in workforce costs Adjusted SG&A expenses (Non-GAAP) *Amounts may not add due to rounding Three
Slide 15: Reconciliation of Adjusted Operating Income
[ Reconciliation of Adjusted Operating Income 15 ($ in thousands) Income from operations (GAAP) Pretax acquisition-related intangible assets amortization Pretax acquisition-related transaction and other costs Pretax reduction in workforce costs Adjusted operating income (Non-GAAP) *Amounts may not a
Slide 16: Reconciliation of Adjusted Diluted EPS
[ Reconciliation of Adjusted Diluted EPS 16 (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) Adjusted
Slide 17: Reconciliation of Adjusted Diluted EPS - Guidance
[ Reconciliation of Adjusted Diluted EPS - Guidance 17 Diluted earnings per share (GAAP) Pretax acquisition-related intangible assets amortization Pretax acquisition transaction and other costs Tax adjustment (related to above items) Adjusted diluted earnings per share (Non-GAAP) Weighted average di