Dorman Prods Reports Q2 2026 Results: Full Earnings Call Transcript

Dorman Prods (NASDAQ: DORM ) held its second-quarter earnings conference call on Tuesday.

Below is the complete transcript from the call.

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View the webcast at Summary Dorman Products reported record Q2 2026 sales of $545 million, a 1% increase year-over-year, driven by a strong performance in the Heavy Duty segment.

Adjusted diluted EPS reached $3.08, a 50% increase from the prior year, positively impacted by IEEPA tariff refunds.

The company updated its full-year 2026 guidance to expect net sales growth of 3% to 5% and adjusted EPS between $8.50 and $8.80.

Key strategic moves include targeted price reductions due to a more stable tariff environment and continued investment in light and heavy-duty product innovation.

The Light Duty segment maintained flat sales but experienced margin expansion due to tariff refunds, while Heavy Duty saw a 7% sales increase.

Operational highlights include significant new product launches and business wins in both Light Duty and Heavy Duty segments.

Future outlook anticipates mid-single-digit growth in the second half of 2026, driven by new business wins and product introductions.

The company is exploring increased M&A activity, supported by a strong balance sheet and expanded liquidity following debt refinancing.

Full Transcript Nikki, Conference Operator Good morning.

My name is Nikki and I will be your conference operator today.

At this time I would like to welcome everyone to the Dorman Prods second quarter 2026 earnings conference call.

All participant lines have been placed on mute to prevent any background noise.

After the speakers' remarks, there will be a question and answer session.

If you would like to ask a question at that time, please press star 1 on your telephone keypad.

Please be advised that today's conference is being recorded.

Lastly, if you should require operator assistance, please press 0.

I will now turn the call over to Alex Whitelam, Vice President of Investor Relations.

Please go ahead.

Alex Whitelam, Vice President Thank you.

Good morning everyone.

Welcome to Dorman Prods' second quarter 2026 earnings conference call.

I'm joined by Kevin Olson, Dorman Prods' Chairman, President and Chief Executive Officer, and Charles Rayfield, Dorman Prods' Chief Financial Officer.

Kevin will begin with a high-level overview of the quarter and current business environment, along with our segment-level performance and market trends.

Charles will walk through our second quarter financial results in more detail, discuss cash flow and capital allocation, as well as our updated guidance, before turning it back to Kevin for closing remarks.

After that, we'll open the call for questions.

By now everyone should have access to our earnings release and earnings call presentation, which are available on our website at investors.dormanproducts.com.

Before we begin, I would like to remind everyone that our prepared remarks, earnings release and investor presentation include forward-looking statements within the meaning of federal securities laws.

We advise listeners to review the risk factors and cautionary statements in our most recent 10-Q, 10-K and earnings release for important material assumptions, expectations and factors that may cause actual results to differ materially from those anticipated and described in such forward-looking statements.

We'll also reference certain non-GAAP measures.

Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are contained in the schedules attached to our earnings release and in the appendix to this earnings call presentation, both of which can be found on our website.

Throughout the presentation we'll discuss the impact of IEVA tariff refunds that we received in the second quarter.

I point everyone to the schedule we've included in the appendix of our presentation which details the refund's impact on our results.