Dorman Products Q1 sales slightly beat, adjusted EPS misses estimates

Overview

• U.S. motor vehicle aftermarket supplier's Q1 net sales grew 4%, slightly beating analyst expectations

• Adjusted EPS for Q1 fell 22% and missed consensus, impacted by higher tariff costs

• Company repurchased $51 mln of shares and reaffirmed full-year 2026 guidance

Outlook

• Dorman Products reaffirms 2026 net sales growth guidance of 7% to 9%

• Company expects 2026 diluted EPS of $7.57 to $7.97

• Dorman Products projects 2026 adjusted diluted EPS of $8.10 to $8.50

Result Drivers

• TARIFF IMPACT - Co said higher costs from 2025 tariffs were the main driver of lower Q1 adjusted EPS and profitability

• GROSS MARGIN PRESSURE - Gross profit margin declined to 36.0% from 40.9% a year ago

Company press release: ID:nGNX4F8ZMR

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

• Wall Street's median 12-month price target for Dorman Products Inc is $152.50, about 35.1% above its May 1 closing price of $112.88

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

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