Dorman Products reports Q2 adjusted EPS $2.06, consensus $1.80

Reports Q2 revenue $540.96M, consensus $517.13M. Kevin Olsen, Dorman’s president and CEO, stated, “We had an outstanding second quarter, with top- and bottom-line growth exceeding our expectations. Strong demand in our Light Duty business drove total net sales growth of 7.6% compared to last year’s second quarter. Additionally, we continued to drive cost savings across the enterprise through our supply chain diversification, productivity, and automation initiatives, which contributed to a 25% increase in diluted EPS and a 23% increase in adjusted diluted EPS over the same period.”