Slide 1: Dorman Products, Inc. Q4 2025 Earnings Presentation
'DORMAN PRODUCTS, INC. Q4 2025 EARNINGS PRESENTATION FEBRUARY 26, 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: 2025: Strategic Priorities Achieved
2025: Strategic Priorities Achieved ER GR GR GR GR Launched new Advanced productivity Strategically diversified Expanded reach and Capitalized on new growth product solutions and automation and optimized our won new business opportunities across our across each segment initiatives supply chain in HD
Slide 4: 2025: Year in Review
‘D025: Year in Review Oe @ $2.13B 19Obps 17 Obps 24% Net Adj. Gross Margin? Adj. Operating Margin Adj. Diluted EPS+ Sales Expansion Expansion Growth = on (®) $114™m $42mu $41m 0.89x Cash from Operating Debt Share Leverage Activities Repaid Repurchases Ratio* a 4 “DOORMAN.
Slide 5: 2025 Highlights
04 2025 Highlights Net Sales of $538 million up 0.8% over Q4 2024 Adjusted Operating Margin of 17.4% down 10bps from Q4 2024 Adjusted Diluted EPS of $2.17 down 1.4% from Q4 2024 Operating Cash Flow of $42 million repurchased $25 million of common stock Issued 2026 Guidance’: - Net Sales growth of 7%
Slide 6: Light Duty Segment Quarterly Highlights
| Light Duty Segment Quarterly Highlights 6 $427 $429 Q4-24 Q4-25 mmm Net Sales Operating Margin Net Sales and Operating Margin positively impacted by tariff pricing Volume lower year-over-year in comparison to strong Q4'24, driven by a large customer ordering pattern shift Strong gross margins driv
Slide 7: Heavy Duty Segment Quarterly Highlights
eavy Duty Segment Quarterly Highlights _Q— The Great Freight Recession persisted through 2025, with conditions $53 further pressured by tariff impacts Mixed market signals make it difficult to predict an inflection Continued growth in the prime VIO further supported by soft 2025 new vehicle sales 2.
Slide 8: Specialty Vehicle Segment Quarterly Highlights
[Ssacens Vehicle Segment Quarterly Highlights Lower consumer spending continued through Q4'25 Strong ridership engagement and activity at key UTV/ATV events Machine sales rebounding from 2024/25 and dealers generally have rightsized their inventory coming into 2026 season CF MOTO 4” and 6” Portal Ge
Slide 9: 2025 Performance Highlights
ey! 2025 Performance Highlights $534 5 On Q4-24 Q4-25 Top-line performance driven by pricing initiatives, with Light Duty volume impacted by large customer's ordering pattern shift Macro trends remain positive in Light Duty New product launches contributed to wins across each business segment 9 Not
Slide 10: 2025 Performance Highlights
rformance Highlights —@ 130 D575 Dee $323 $7.13 a E 7 16.1% $2,009 FY - 24 FY-25 FY - 24 FY-25 FY - 24 FY -25 mm OS Ol% Top-line growth driven by strong volume Adjusted Operating Income growth driven by Strong Adjusted Diluted EPS growth driven by growth in Light Duty during the first half of the st
Slide 11: Operating Cash Flow
lerée Cash Flow Operating cash flow and free cash flow improved sequentially, but were negatively impacted by higher tariffs Resumed share repurchases with $25 million deployed in Q4’25, along with $16 million in debt repayment Free cash flow expected to continue improving in coming quarters before
Slide 12: Leverage & Liquidity
| Leverage & Liquidity Strong Balance Sheet and Liquidity Position Net Leverage Liquidity Revolving Credit Facility $0 Term Loan $441 Total Revolver Commitment $600 Less: Cash and Cash Equivalents ($49) Less: Revolver Draw Outstanding? ($1) Net Debt $391 Available Revolver Capacity $599 LTM Consolid
Slide 13: 2026 Guidance
[a026 Guidance Net Sales change vs. previous year Diluted EPS Change vs. previous year Adjusted Diluted EPS Change vs. previous year 2026 Guidance (as of February 25, 2026) 7% -9% $7.57 - $7.97 14% - 20% $8.10 - $8.50 (9)% — (4)% Adjusted Diluted EPS Guidance 8% CAGR™ $8.87 | Ig! 1 $8.10-$8.50 ) ee
Slide 14: Q4 and FY 2025 Summary
Q! MN WW J 4 and FY 2025 Summary Delivered solid results, capping an exceptionally strong year of top- and bottom-line growth Issued 2026 Net Sales and Adjusted Diluted EPS guidance ranges, demonstrating resiliency and ability to navigate through tariff cycle Positioned well for long-term growth bq
Slide 15: Appendix — Non-GAAP Reconciliations
' “Appendix — Non-GAAP Reconciliations
Slide 16: Reconciliation of Adjusted Gross Margin
[ Reconciliation of Adjusted Gross Margin 16 ($ in thousands) Gross profit (GAAP) Pretax acquisition-related transaction and other costs Adjusted gross profit (Non-GAAP) ($ in thousands) Gross profit (GAAP) Pretax acquisition-related transaction and other costs Adjusted gross profit (Non-GAAP) *Amou
Slide 17: Reconciliation of Adjusted SG&A
[ Reconciliation of Adjusted SG&A 17 ($ 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 18: Reconciliation of Adjusted Operating Income
[ Reconciliation of Adjusted Operating Income 18 Three Months Ended % of % of ($ in thousands) 12/31/25 Sales 12/31/24 Sales Income from operations (GAAP) $ 31,242 5.8% $ 86,748 16.3% Pretax acquisition-related intangible assets 5,261 1.0% 5,338 1.0% amortization Pretax acquisition-related transacti
Slide 19: Reconciliation of Adjusted Diluted EPS
[ Reconciliation of Adjusted Diluted EPS Three Months Ended 19 ($ 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 Pretax goodwill impairment
Slide 20: Reconciliation of Adjusted Operating Income - Guidance
[ Reconciliation of Adjusted Operating Income- Guidance 20 ($ 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 21: Reconciliation of Adjusted Diluted EPS - Guidance
[ Reconciliation of Adjusted Diluted EPS - Guidance 21 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