secwatch.observer — SEC 8-K summary
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Issuer:     Dorman Products, Inc. (DORM)
CIK:        0000868780
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001564590-21-051627
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorman Q3 net sales up 16% to $348.4M; GAAP EPS $1.04, adjusted $1.18; completes Dayton Parts acquisition
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- Record net sales $348.4M (+16% YoY); GAAP diluted EPS $1.04 vs $1.06; adjusted diluted EPS $1.18 vs $1.14.
- Gross margin fell to 33.5% (35.9% Q3 2020) due to transportation/inflation; pass-through pricing to offset but lowers margin%.
- Completed Dayton Parts acquisition in August using $252M debt + $102M cash; net leverage 0.80x; $350M available on credit facility.
- FY 2021 guidance: net sales growth now 19%-22% (revised up); adjusted EPS unchanged $4.56-$4.80.
- Repurchased 232,618 shares for $23.2M at avg $99.81; $153M remaining under authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868780/000156459021051627/0001564590-21-051627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868780/000156459021051627/dorm-8k_20211025.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-051627

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