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Dorman Products DORM Heavy Duty — Goodwill impairment charge

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Light Duty
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Specialty Vehicle
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Other financials

Income statement

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Revenue$528.8M+4.2%
Gross profit$190.2M-8.5%
Operating income$58.8M-26.6%
Net income$43.6M-24.3%
EPS (diluted)$1.43-23.5%

Balance sheet

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Cash & equivalents$43.1M-29.0%
Total debt$533.2M-5.3%
Total equity$1.5B+9.7%
Total assets$2.4B+0.3%

Cash flow

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Operating cash flow$43.8M-14.6%
CapEx$8.4M-23.1%
Free cash flow$35.3M-12.3%

Valuation

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Market cap$4.08B-5.2%
Enterprise value$4.57B-4.9%
P/E21.5×+2.4×
P/S1.9×-0.2×

Profitability

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Gross margin40.9%+0.3pp
Operating margin12.9%-2.6pp
Net margin8.8%-1.6pp
FCF margin3.3%-6.0pp

Returns & leverage

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Return on equity13.6%-3.5pp
Debt / equity0.4×-0.1×
Current ratio3.3×+0.7×

Where this comes from

Reported directly by Dorman Products in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Dorman Products’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 4:14 PM EST
Fiscal year
FY2025
Accession
0000868780-26-000014

For the year ended December 31, 2025, we determined that the carrying value of our Heavy Duty reporting unit exceeded its fair value, and therefore recorded an impairment charge of $56.7 million during the fourth quarter, representing the balance of goodwill in that reporting unit. For the year ended December 31, 2024, we determined that goodwill was not impaired at that time. Refer to Note 5, "Goodwill and Intangible Assets," for additional information.

ITEM 8. Financial Statements and Supplementary Data.

FAQ

What is Dorman Products's heavy duty — goodwill impairment charge?
Dorman Products (DORM) reported heavy duty — goodwill impairment charge of $14.18M in Q4 2025.
What does heavy duty — goodwill impairment charge mean?
Represents a non-cash expense recognized when the carrying value of goodwill associated with the heavy-duty segment exceeds its implied fair value. This charge signals a downward revision in the long-term growth or profitability expectations for the acquired assets within this segment.

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