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DORM-News
DORM-Events
Lowers FY26 Net Sales Growth View to 3%-5%
Consensus $8.28. Lowers FY26 net sales growth view to 3%-5% from 7%-9%.
Company Reports Q2 Revenue of $544.6M, Below Consensus
Reports Q2 revenue $544.6M, consensus $582.26M.
Dorman Reports Q1 Revenue of $528.77M
Reports Q1 revenue $528.77M, consensus $524.51M. Kevin Olsen, Dorman's Chairman, President, and Chief Executive Officer, stated, "We started the year with solid financial performance that was in line with our expectations. Despite ongoing uncertainty in the broader economy and geopolitical environment, we delivered first quarter net sales growth of 4.2% year over year. Diluted EPS was $1.43, and adjusted diluted EPS was $1.57, down 24% and 22%, respectively, compared to the same period in 2025, driven largely by the anticipated impact of higher costs associated with tariffs implemented in 2025. In addition, we generated cash from operations of $44 million and returned capital to stockholders through $51 million of share repurchases at an average price of $118 per share."
Company Reaffirms FY26 Revenue Guidance Up 7%-9%
Backs FY26 revenue view up 7%-9%. Backs FY26 tax rate view 23.5%. The company said, "The Company reaffirms its full-year 2026 guidance as detailed in the table below. The Company's guidance includes the expected impact of tariffs enacted as of May 4, 2026. The Company's guidance excludes impacts from potential IEEPA tariff refunds, potential tariff changes after May 4, 2026, future acquisitions and divestitures, and additional share repurchases."
Dorman Products Appoints Kevin Olsen as Chairman of the Board
Dorman Products announced that its board of directors has appointed Kevin Olsen, the company's president and CEO, as chairman of the board. Dorman's prior chairman, Steven Berman, will continue to serve on the board of directors, having served as chairman since 2011. Olsen has served as a member of the board of directors and as the company's president and CEO since 2019.
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