secwatch.observer — SEC 8-K summary
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Issuer:     Dorman Products, Inc. (DORM)
CIK:        0000868780
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001564590-22-034921
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorman Q3 net sales up 19% to $413.5M; acquires SuperATV; lowers FY EPS guidance
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- Net sales $413.5M (+19% YoY); GAAP diluted EPS $0.97 (down 7%); adjusted EPS $1.17 (down 1%).
- Completed SuperATV acquisition for $490M cash + up to $100M earnout; closed Oct 4, 2022.
- FY2022 guidance: net sales raised to $1,650-1,690M; adj. diluted EPS lowered to $4.70-4.90 from $5.00-5.20.
- Higher interest rates cut Q3 EPS ~$0.17 via factoring; management sees margin improvement as supply chains ease.
- Repurchased 14,700 shares for $1.5M; $228M remains under authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868780/000156459022034921/0001564590-22-034921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868780/000156459022034921/dorm-8k_20221024.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-034921

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