Dorman Products (DORM) Investor presentation summary

Business overview and strategy

• Focuses on delivering innovative repair solutions to the automotive aftermarket, with manufacturing, design, and distribution capabilities spanning light duty, heavy duty, and specialty vehicle segments.

• Drives growth through ideation, customer value, employee empowerment, accountability, and a culture of excellence.

• Strategic pillars include innovation, market expansion, evolving global footprint, and financial strength.

• Maintains a nimble, asset-light manufacturing model and deep channel penetration with top customers.

• Expands total addressable market through acquisitions and entry into new product categories and geographies.

Financial performance and capital allocation

• Achieved $2.13B in net sales for 2025, with 24% adjusted diluted EPS growth and significant margin expansion.

• Outperformed peers with a 22% annualized topline growth since 2019 and strong non-discretionary parts focus.

• Deployed $1.8B from 2020-2025 across debt repayment, share repurchases, M&A, and reinvestment.

• Maintains a target leverage of 2.0x, with flexibility for acquisitions and a robust share repurchase program.

• Strong cash flow generation and disciplined capital allocation support ongoing R&D and growth initiatives.

Segment highlights

• Light duty segment launched ~9,000 new SKUs (2023-2025), with $1.69B in 2025 net sales and margin improvement.

• Heavy duty segment integrated Dayton Parts, faced soft demand post-2023 but implemented cost-saving initiatives.

• Specialty vehicle segment grew through acquisition (SuperATV), focusing on non-discretionary parts and dealer network expansion.

• Each segment invests in new product development, supply chain optimization, and digital capabilities.