Dorman Products Q3 sales slightly miss estimates on tariff pricing impact
Overview
US auto parts supplier's Q3 net sales rose 3.3%, a slight miss versus analyst expectations
Adjusted EPS for Q3 was $2.08, beating analyst expectations
Company says lower EPS reflects timing of tariff-related pricing in prior-year quarter
Outlook
Dorman sees 2026 net sales growth of 2% to 3%
Company expects 2026 diluted EPS of $7.95 to $8.15
Dorman projects 2026 adjusted diluted EPS of $8.50 to $8.70
Result Drivers
NEW PRODUCTS AND BUSINESS WINS - Co said growth across segments was driven by new products and business wins
TARIFF PRICING IMPACT - Co said lower EPS year-over-year reflects timing of tariff-related pricing in prior-year quarter
GROSS MARGIN DECLINE - Co reported lower gross margin compared to prior-year quarter
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Miss* | $561.70 mln | $563.42 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $2.08 | $2 (8 Analysts) |
Q3 EPS | $1.98 |
*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", 1 "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 $160.00, about 27.8% above its October 23 closing price of $125.24
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)