COLMAR, PA — Dorman Products Inc. (Nasdaq: DORM) reported higher annual sales and earnings for 2025 while fourth-quarter profit declined due to a $51.1 million non-cash goodwill impairment charge, the company announced.
The Colmar-based automotive aftermarket supplier said fourth-quarter net sales totaled $537.9 million, up 0.8% from $533.8 million in the same quarter a year earlier.
Diluted earnings per share fell to $0.38 from $1.77 in the prior-year quarter, reflecting the goodwill impairment tied to the company’s Heavy Duty segment.
Adjusted diluted earnings per share were $2.17, down 1% from $2.20 a year earlier.
The company generated $41.6 million in cash from operating activities during the quarter.
Gross profit in the fourth quarter was $229.1 million, representing 42.6% of net sales, compared with $221.7 million, or 41.5% of sales, in the same quarter in 2024.
Selling, general and administrative expenses rose to $141.1 million, or 26.2% of net sales, from $135.0 million, or 25.3% of sales, a year earlier.
For the full year ended December 31, 2025, Dorman reported net sales of $2.13 billion, up 6.0% from $2.01 billion in 2024.
Gross profit for the year was $897.7 million, or 42.1% of sales, compared with $806.4 million, or 40.1% of sales in the previous year.
Full-year diluted earnings per share increased to $6.64 from $6.14 in 2024.
Adjusted diluted earnings per share rose to $8.87, up 24% from $7.13 in the prior year.
Operating activities generated $113.6 million in cash during the year.
Chief Executive Officer Kevin Olsen said the company saw continued product expansion and operational changes during 2025.
“The fourth quarter capped an outstanding year with strong top- and bottom-line growth,” Olsen said.
Looking ahead, the company expects net sales to increase 7% to 9% in 2026.
Dorman forecast diluted earnings per share between $7.57 and $7.97 for the year.
Adjusted diluted earnings per share are projected to range from $8.10 to $8.50.
The company said its 2026 guidance assumes no net change in tariff impacts following the U.S. Supreme Court’s ruling related to tariffs under the International Emergency Economic Powers Act and subsequent tariff actions announced by the U.S. administration.
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