Dorman Products, Inc. · NASDAQ:DORM
Dorman Products — Q3 2026 Earnings Presentation
20 slides from Dorman Products's earnings presentation, Oct 27, 2026
Slide 1: Dorman Products Q3 2026 Earnings Presentation
DORMAN PRODUCTS, INC. Q3 2026 EARNINGS PRESENTATION OCTOBER 27, 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: Q3 2026 Highlights
Q3 2026 Highlights Net Sales of $562 million up 3.3% over Q3 2025 Adjusted Operating Margin of 15.8% down 470bps from Q3 2025 Adjusted EBITDA Margin of 18.5% down 460bps from Q3 2025 Adjusted Diluted EPS of $2.08 down 21% from Q3 2025 Operating Cash Flow of $65 million repurchased $15 million of com
Slide 4: Light Duty Segment Quarterly Highlights
Light Duty Segment Quarterly Highlights Net Sales & Operating Margin Market Observations $2,200 $2,150 $2,100 $2,050 23.7% 18.5% 20.7% 19.1% $2,000 $2,000 $1,950 $1,900 $1,850 • Vehicle miles traveled continued to increase year -over -year, despite higher fuel $1,800 $1,750 $1,700 $1,650 +2% prices
Slide 5: Heavy Duty Segment Quarterly Highlights
Heavy Duty Segment Quarterly Highlights Net Sales & Operating Margin Market Observations $280 $270 $260 4.5% 0.0% 1.8% 1.7% $200 $250 $240 • Freight pressures continued in Q3’26, with higher fuel costs creating additional $230 +8% $220 $210 challenges in the trucking market $200 $190 $190 $177 $150
Slide 6: Specialty Vehicle Segment Quarterly Highlights
Specialty Vehicle Segment Quarterly Highlights Net Sales & Operating Margin Market Observations $240 $235 $230 $225 $220 $215 12.8% 13.1% 13.6% 16.3% $200 • Strong new UTV vehicle sales in the quarter, with significant growth in work - $210 $205 $200 $195 related utility vehicles and cab units $190
Slide 7: Q3 2026 Performance Highlights
Q3 2026 Performance Highlights Net Sales Adj. Operating Income Adj. Diluted EPS +3% 20.5% 15.8% 18.0% 16.8% FLAT $1,900 $1,890 $1,880 $1,870 $1,860 $1,850 $1,840 $1,830 $1,820 $1,810 $1,800 $1,790 $1,635 $1,780 $1,770 $1,760 $1,750 $1,740 $1,730 $1,720 $1,710 $1,700 $1,592 $1,690 $1,680 $1,670 $1,66
Slide 8: Free Cash Flow
Free Cash Flow Free Cash Flow • Working capital improvements drove core $144 operating cash flow increase year -over -year • Free cash flow slightly lower sequentially due to $82 reduced factoring volume • $15 million in share repurchases during Q3’26: $57 − Repurchased 115K shares at an average pri
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 ($ 167) Less: Revolver Draw Outstanding 2 ($ 1) Net Debt $ 283 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 (as of 10/26/2026) $8.50 -$8.70 $0.30 Net Sales change vs. previous year 3% - 5% 2% - 3% $1.25 +9% * $8.30 * +7% $7.62 Diluted EPS $7.93 - $8.23 $7.95 - $8.15 $7.13 Change vs. previous year 19%
Slide 11: Q3 2026 Summary
Q3 2026 Summary Solid performance in the quarter, with topline growth across each business segment Strong balance sheet positions us well to make strategic investments in the business Remain focused on long -term strategy to drive shareholder value 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 Nine Months Ended 9/26/26 Reported Recovery Benefit Comparable Adjusted Gross Profit Light Duty $ 538,541 $ (10,194) $ 528,347 Heavy Duty 45,407 (7) 45,400 Specialty Vehicle 78,622 (1,142) 77,480 Consolidated $ 662,570 $ (11,343) $ 651,227
Slide 14: Reconciliation of Adjusted Gross Margin
Reconciliation of Adjusted Gross Margin Three Months Ended ($ in thousands) 9/26/26 % of Sales* 9/27/25 % of Sales* Gross profit (GAAP) $ 221,598 39.4% $ 241,427 44.4% Pretax acquisition-related transaction and other costs (408) -0.1% —' —' Adjusted gross profit (Non-GAAP) $ 221,190 39.4% $ 241,427
Slide 15: Reconciliation of Adjusted SG&A
Reconciliation of Adjusted SG&A Three Months Ended ($ in thousands) 9/26/26 % of Sales* 9/27/25 % of Sales* SG&A expenses (GAAP) $ 138,660 24.7% $ 135,677 25.0% Pretax acquisition-related intangible assets amortization (5,069) -0.9% (5,442) -1.0% Pretax acquisition-related transaction and other cost
Slide 16: Reconciliation of Adjusted Operating Income
Reconciliation of Adjusted Operating Income Three Months Ended ($ in thousands) 9/26/26 % of Sales* 9/27/25 % of Sales* Income from operations (GAAP) $ 82,938 14.8% $ 105,750 19.4% Pretax acquisition-related intangible assets amortization 5,069 0.9% 5,442 1.0% Pretax acquisition-related transaction
Slide 17: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Three Months Ended Twelve Months Ended ($ in thousands) 9/26/26 9/27/25 9/26/26 9/27/25 Net Income (GAAP) $ 59,175 $ 76,420 $ 202,057 $ 247,147 Add: Interest expense, net 7,240 7,207 26,186 30,905 Provision for income taxes 18,175 23,508 71,595 82,650 Depreciation a
Slide 18: Reconciliation of Adjusted Diluted EPS
Reconciliation of Adjusted Diluted EPS Three Months Ended Nine Months Ended ($ in thousands, except per share amounts) 9/26/26 9/27/25 9/26/26 9/27/25 Net income (GAAP) $ 59,175 $ 76,420 $ 190,497 $ 192,634 Pretax acquisition-related intangible assets amortization 5,069 5,442 15,416 16,319 Pretax ac
Slide 19: 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) $ 325,325 15.0% $ 340,025 15.5% Pretax acquisition-related intangible assets amortization 20,400 0.9% 20,400 0.9% Pretax acquisition-r
Slide 20: 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) $ 7.95 $ 8.15 Pretax acquisition-related intangible assets amortization 0.68 0.68 Pretax acquisition-related transaction and other costs 0.04 0.04 Pretax facility consolidation