Recent Updates — DORM
Dorman Products reported second-quarter fiscal 2026 results with net sales of $544.6 million and diluted EPS of $2.93, up 53% year-over-year. The company generated $152.6 million in operating cash flow and repurchased $47 million of shares. Management updated full-year 2026 guidance, lowering net sales growth expectations to 3-5% from the prior 7-9%, while raising diluted EPS guidance to a range of $7.93-$8.23. The company operates in the motor vehicle aftermarket industry.
On June 16, 2026, Dorman Products, Inc. issued $450 million in 6.250% senior notes due June 2034. The company used the proceeds from this issuance to fully repay all outstanding term loans under its previous credit agreement. Simultaneously, the company entered into Amendment No. 3 to its Credit Agreement, establishing a new five-year revolving credit facility of $800 million maturing June 16, 2031. The amended agreement includes financial maintenance covenants requiring a consolidated secured net leverage ratio no higher than 3.50 to 1.00 and a consolidated interest coverage ratio of at least 2.00 to 1.00. Dorman Products, Inc. operates in the automotive aftermarket industry, designing and manufacturing replacement parts for light vehicles.