Dorman Products, Inc. reported third‑quarter 2025 results, showing net sales of $543.7 million, up 7.9% from $503.8 million in Q3 2024. Gross profit reached $241.4 million, giving a 44.4% gross margin versus 40.5% in the prior year.
Diluted earnings per share were $2.48, a 38% increase from $1.80 in Q3 2024, while adjusted diluted EPS climbed to $2.62, up 34% from $1.96. Net income for the quarter was $76.4 million.
Selling, general and administrative expenses totaled $135.7 million, or 25.0% of sales, and operating cash flow was $12 million, with free cash flow of $2 million. Net debt stood at $401 million, giving a net leverage ratio of 0.92x adjusted EBITDA.
The company reaffirmed its full‑year 2025 guidance, maintaining net sales growth of 7%–9% and adjusted diluted EPS of $8.60–$8.90. Guidance reflects the current tariff environment and excludes potential future disruptions, trade restrictions, or inflationary pressures.
Segment performance: Light‑duty sales grew 9% to $430.3 million, with operating margin expanding to 23.7%; heavy‑duty sales increased 6% to $63.0 million; specialty vehicle sales were flat at $50.4 million.
Management highlighted a strong product mix, new product launches such as the first‑to‑aftermarket electronic power steering rack for Ram trucks, and continued supply‑chain diversification as key drivers of margin expansion.
Analysts had expected adjusted EPS of $2.55 and revenue of $548.6 million; the company beat earnings expectations but missed revenue estimates slightly.
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