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Jun 28
Dorman Q2 2025 Earnings Report
Dorman Products, Inc. reported strong second quarter 2025 results, exceeding expectations with significant top- and bottom-line growth and subsequently raising its full-year 2025 guidance.
Key Takeaways
Dorman Products, Inc. delivered an outstanding second quarter in 2025, with net sales increasing by 7.6% to $541.0 million and diluted EPS rising by 25% to $1.91. The strong performance was primarily driven by robust demand in the Light Duty business and effective cost-saving initiatives, leading the company to raise its full-year 2025 guidance for both net sales and diluted EPS.
Net sales for Q2 2025 reached $541.0 million, marking a 7.6% increase from $503.0 million in Q2 2024.
Diluted EPS grew by 25% to $1.91 in Q2 2025, up from $1.53 in the prior year's second quarter.
Adjusted diluted EPS increased by 23% to $2.06 in Q2 2025, compared to $1.67 in Q2 2024.
The company raised its full-year 2025 guidance for net sales growth to 7%-9% and diluted EPS to $8.05-$8.35, reflecting strong first-half performance and an improved outlook.
Dorman
Dorman
Dorman Revenue by Segment
Revenue by Segment
Light Duty Revenue
CapyFin.comHeavy Duty Revenue
CapyFin.comSpecialty Vehicle Revenue
CapyFin.com Forward Guidance
Dorman Products, Inc. has raised its full-year 2025 guidance for net sales and diluted EPS, reflecting strong performance in the first half of the year and an improved outlook. The guidance includes the expected impact of tariffs enacted as of August 4, 2025, but excludes potential impacts from future tariff changes, supply chain disruptions, trade restrictions, significant inflation, future acquisitions and divestitures, interest rate changes, and share repurchases.
Positive Outlook
- Net sales growth for 2025 is now expected to be in the range of 7% to 9%, up from the prior guidance of 3% to 5%.
- Diluted EPS for 2025 is projected to be between $8.05 and $8.35, an increase from the previous range of $7.00 to $7.30.
- The growth in diluted EPS versus 2024 is now anticipated to be 31% to 36%, significantly higher than the prior guidance of 14% to 19%.
- Adjusted diluted EPS for 2025 is expected to be in the range of $8.60 to $8.90, an improvement from the prior guidance of $7.55 to $7.85.
- The growth in adjusted diluted EPS versus 2024 is now projected to be 21% to 25%, compared to the prior guidance of 6% to 10%.
Challenges Ahead
- Guidance excludes any potential impacts from tariff changes after August 4, 2025, introducing uncertainty.
- Potential supply chain disruptions are not factored into the guidance.
- Future trade restrictions could negatively impact results, but are excluded from the outlook.
- Significant inflation, if it occurs, is not accounted for in the current guidance.
- Future acquisitions and divestitures, interest rate changes, and share repurchases are also excluded, which could alter financial outcomes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income