Dorman Products, Inc. has reported strong third-quarter 2025 results, with net sales increasing by 7.9% to $543.7 million compared to the same period last year, which saw net sales of $503.8 million. The company's gross profit for the quarter was $241.4 million, or 44.4% of net sales, compared to $203.8 million, or 40.5% of net sales, in the third quarter of 2024.
The company's diluted earnings per share (EPS) for the quarter were $2.48, marking a significant 38% increase from the prior year's $1.80. Adjusted diluted EPS also saw a substantial rise, reaching $2.62, up 34% from $1.96 in the same quarter last year.
In terms of segment results, the light-duty segment saw a 9% increase in net sales, reaching $430.3 million, with a segment profit margin of 23.7%, up from 19.0% in the third quarter of 2024. The heavy-duty segment also experienced growth, with net sales of $63.0 million, up 6% from the prior year.
Looking ahead, the company reaffirms its full-year 2025 guidance, expecting net sales growth of 7% to 9% compared to 2024. The company's diluted EPS is projected to be in the range of $8.05 to $8.35, representing a growth of 31% to 36% over 2024, while adjusted diluted EPS is anticipated to be between $8.60 and $8.90, reflecting a growth of 21% to 25% over 2024.
Dorman Products, Inc. has attributed its strong performance to the development and deployment of new innovative products, diversification of its supply chain, and advancements in commercialization, automation, and productivity initiatives across the enterprise. The company's president and CEO, Kevin Olsen, expressed gratitude to all contributors for their hard work and dedication in delivering such robust results. Today the company's shares have moved 1.79% to a price of $158.03. For more information, read the company's full 8-K submission here.
