Dorman Products, Inc. (DORM) Form 10-Q — Oct 27, 2026
Dorman Products' Q3 2026 net sales rose 3.3% to $561.7 million on new product sales and business wins, but net income fell to $59.2 million ($1.98 diluted EPS) from $76.4 million a year ago. The decline was driven by a 500 basis point gross margin contraction to 39.4%, as higher tariff costs hit COGS and the prior-year quarter benefited from tariff pricing before tariff costs were recognized. Offsetting positives: the company recorded $98.1 million in IEEPA tariff refunds during the first nine months (after the Supreme Court struck down those tariffs), fueling a $189 million jump in operating cash flow, and repurchased $111.1 million of stock in the nine months.
Key figures
- Eps
- 1.98
- Revenue
- 561722
- Net Income
- 59175
- Total Debt
- 440717
- Total Assets
- 2558844
- Cash Position
- 167005
- Shares Outstanding
- 29494032
- Gross margin pct
- 39.4
- Revolver capacity
- 800000000
- Senior notes rate
- 6.25
- Factoring costs q3
- 10938
- Nine month net sales
- 1635090
- Q3 net sales yoy pct
- 3.3
- Tariff refunds ieepa
- 98100000
- Nine month net income
- 190497
- Senior notes maturity
- June 16, 2034
- Nine month diluted eps
- 6.33
- Senior notes principal
- 450000000
- Buyback nine month cost
- 111071
- Q3 prior year net sales
- 543736
- Q3 prior year net income
- 76420
- Buyback shares nine month
- 931333
- Q3 prior year diluted eps
- 2.48
- Gross margin prior year pct
- 44.4
- Remaining buyback authorization
- 348300000
AI analysis
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