secwatch.observer — SEC 8-K summary
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Issuer:     Dorman Products, Inc. (DORM)
CIK:        0000868780
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000868780-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorman Q3 net sales $503.8M, EPS $1.80 (+41%); raises FY EPS guidance to $6.15-$6.25; $500M buyback
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- Q3 net sales $503.8M (+3.2% YoY); diluted EPS $1.80 (+41%); adjusted diluted EPS $1.96 (+40%).
- Light Duty sales +5%, Heavy Duty -5%, Specialty flat; segment profit margins improved across all segments.
- FY2024 diluted EPS guidance raised to $6.15-$6.25 (prev $5.32-$5.52); adjusted EPS $6.85-$6.95 (prev $6.00-$6.20).
- New $500M share repurchase program authorized, effective Jan 1, 2025 through Dec 31, 2027.
- Q3 share repurchases of $26.7M at avg price $97.70; $134.6M remaining under prior plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868780/000086878024000037/0000868780-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868780/000086878024000037/dorm-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000868780-24-000037

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