secwatch.observer — SEC 8-K summary
======================================

Issuer:     Dorman Products, Inc. (DORM)
CIK:        0000868780
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000868780-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorman Q2 net sales $480.6M (+15%), but adj. EPS $1.01 vs $1.29 YoY
-------------------------------------------------------------------

- Net sales $480.6M, up 15% YoY; organic ex-acquisitions up 1%.
- GAAP diluted EPS $1.04; adjusted diluted EPS $1.01, down from $1.29.
- Adjusted gross margin improved 110 bps to 35.1% sequentially; up 270 bps vs Q1.
- Generated $67M operating cash; repaid $52M debt; inventory down $113M since Dec 2022.
- Reaffirmed FY2023 guidance: net sales $1.95-2.00B, adj. diluted EPS $5.15-5.35.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868780/000086878023000006/0000868780-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868780/000086878023000006/dorm-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000868780-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer