secwatch.observer — SEC 8-K summary
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Issuer:     Dorman Products, Inc. (DORM)
CIK:        0000868780
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001564590-22-026289
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorman Q2 net sales +34% to $417.4M; lowers FY EPS guidance on higher rates
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- Q2 net sales $417.4M (+34% YoY); diluted EPS $1.20, adjusted diluted EPS $1.29.
- FY2022 diluted EPS guidance lowered to $4.50-$4.70 from $4.94-$5.14; adjusted to $5.00-$5.20 from $5.35-$5.55.
- Share repurchase program increased by $100M to $600M total, extended through Dec 31, 2024.
- Gross margin 33.9% vs 35.5%; higher interest costs on factoring and debt impacted profitability.
- Repurchased 67,700 shares for $6.5M in Q2 at avg $96.38/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868780/000156459022026289/0001564590-22-026289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868780/000156459022026289/dorm-8k_20220721.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-026289

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