Dorman Products, Inc. (DORM) Earnings
Dorman Products, Inc. is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $1.89. DORM has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +10.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.52 | $1.57 | +3.3% | $529M | +0.8% |
| Feb 26, 2026 | $2.15 | $2.17 | +0.9% | $538M | +0.1% |
| Feb 26, 2025 | $1.99 | $2.20 | +10.6% | $534M | +1.9% |
| Oct 31, 2024 | $1.53 | $1.96 | +28.1% | $504M | -3.9% |
| Aug 1, 2024 | $1.19 | $1.67 | +40.3% | $503M | +0.2% |
| Oct 31, 2023 | $1.59 | $1.40 | -11.9% | $488M | -1.7% |
| Aug 1, 2023 | $1.07 | $1.01 | -5.6% | $481M | -3.9% |
| May 2, 2023 | $0.94 | $0.56 | -40.4% | $467M | -3.8% |
| Feb 28, 2023 | $1.01 | $1.01 | +0.0% | $501M | +12.5% |
| Jul 25, 2022 | $1.31 | $1.29 | -1.5% | $417M | +4.2% |
| Feb 22, 2022 | $1.35 | $1.33 | -1.5% | $398M | +8.4% |
| Feb 22, 2021 | $0.92 | $1.19 | +29.3% | $301M | +11.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First quarter results were solid and largely in line with expectations. Consolidated net sales were $529 million, up 4% year over year. Adjusted operating margin was 12.1%, down 490 basis points. Adjusted EBITDA margin was 15.2%, down 440 basis points. Adjusted diluting earnings per share was $1.57. - Cash generation improved sequentially with operating cash flow of $44 million in the quarter and $51 million deployed in share repurchases. - Light duty segment had net sales growth driven by pricing actions, and market fundamentals remain positive with vehicle miles traveled increasing and higher used vehicle values impacting aftermarket demand. - Heavy-duty segment had net sales growth, but margin improvement limited this year due to tariffs and infrastructure investments. - Specialty vehicle segment saw flat net sales with early signs of market stabilization and new vehicle sales increasing.
Guidance
- Reaffirmed full year 2026 guidance. Expect net sales growth in the range of 7% to 9% driven by pricing initiatives and modest volume growth in the back half of the year. - Expect adjusted operating margin to be in the range of 15% to 16% for the full year, with a normalized high-teens rate by year end. - Adjusted diluted EPS for 2026 is expected to be in the range of $8.10 to $8.50. - Guidance includes expected impact of tariffs enacted as of May 4, 2026, excludes impact from potential IEPA tariff refunds and any potential tariff changes after May 4, 2026, future acquisitions or divestitures, or additional share repurchases. - Full-year tax rate expected to be approximately 23.5%.
Segment performance
Light duty segment: Net sales increased approximately 4% year over year, driven primarily by pricing actions in 2025. Volume was lower than last year's first quarter, but POS with large customers was up mid-single digits. Operating margin in Q1 2026 reflected the highest level of tariff expense, but as supplier diversification, productivity and automation initiatives are recognized, margin performance is expected to improve. Heavy-duty segment: Net sales increased approximately 12% compared to last year's first quarter, driven by pricing initiatives and commercialization initiatives. Operating margin improved 110 basis points versus prior year but lower overall margin due to elevated tariff-related costs in Q1 2026. Not expecting significant year-over-year incremental operating margin improvement in 2026. Specialty vehicle segment: Net sales were flat year over year, with pricing actions in certain categories offsetting slightly lower volume. Operating margin in line with expectations, selecting higher tariff-related costs. Market showing early signs of stabilization with new vehicle sales increasing and new lower-cost entry-level vehicles entering the market.
Risks & headwinds
- Tariff-related risks as first quarter had highest level of tariff expense in 2026 due to FIFO. - Economic uncertainty including freight recession and geopolitical tensions creating economic uncertainty for consumer demand. - Impact of geopolitical tensions on the broader economy affecting end users of the company's products.
Analyst Q&A
Q: Jeff Lake asked about the progression of the year as Q2, Q3, Q4 play out, margin progression, and complex electronic parts innovation.
A: Jeff Lake was told that sales progression saw dislocation continued at start of quarter but normalized, first half growth challenged due to tough comp, full-year guide of 7%-9% still comfortable. Margin progression: Q1 was most difficult with highest tariff impact, but will see progression as tariffs reduce and initiatives go through FIFO. Complex electronic parts: Continues to grow at an outsized pace in the portfolio.
Q: Scott Stebber asked about heavy duty margin recovery, price increases for tariffs, and new product development investments.
A: Tariffs passed through in heavy duty with some margin dilution, growth strong with share gains, but market not expected to recover soon, focus on taking share and driving productivity and new product launches.
Q: Scott Stebber also asked about tariffs changes and IEPA.
A: IEPAs went away and Section 122s came in, net neutral, new tariff regime later in summer unknown but assumption is roughly same neighborhood as today.
Q: David Blanch asked about POS for large customers trend and M&A.
A: POS for large customers up mid-single-digit and similar to Q3, Q4 last year, April in line. M&A continues to be large part of growth strategy, pipeline healthy, deal activity expected to pick up.
Q: Brett Jordan asked about carving out price vs units and chassis category.
A: Historically not broken out price vs units due to competitive reasons, inflation embedded in POS numbers. Chassis category had good winter with precipitation helping growth.
Q: Brett Jordan also asked about IEPA payments.
A: Process of recovering IEPA started, too early to tell outcome, not disclosing yet.
Q: Justin Ages asked about light trucks and SUVs and electric vehicles.
A: Light duty VIO in North America still less than 2% of VIO, vast majority ICE, company drivetrain agnostic with opportunities across new drivetrains.