Dorman Products, Inc. (NASDAQ:DORM) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operation and Financial Condition.
The information being furnished in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.
On October27, 2017, Dorman Products, Inc. (the “Company”) issued a press release announcing its operating results for the third quarter ended September30, 2017. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Certain statements in this document constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. While forward-looking statements sometimes are presented with numerical specificity, they are based on various assumptions made by management regarding future circumstances over many of which the Company has little or no control. Forward-looking statements may be identified by words including “anticipate,” “believe,” “estimate,” “expect,” and similar expressions. The Company cautions readers that forward-looking statements, including, without limitation, those relating to future business prospects, revenues, working capital, liquidity, and income, are subject to certain risks and uncertainties that would cause actual results to differ materially from those indicated in the forward-looking statements. Factors that could cause actual results to differ from forward-looking statements include but are not limited to: (i)competition in the automotive aftermarket; (ii)unfavorable economic conditions; (iii)the loss or decrease in sales among one of our top customers; (iv)customer consolidation in the automotive aftermarket leading to less favorable customer contract terms; (v)foreign currency fluctuations and our dependence on foreign suppliers; (vi)extended credit to customers who may be unable to pay; (vii)the loss of a key vendor; (viii)limited customer shelf space; (ix)reliance on new product development; (x)claims of intellectual property infringement made by original equipment manufacturers; (xi)quality problems with product after their production and sale to customers; (xii)loss of third party transportation providers on whom we depend; (xiii)unfavorable results of legal proceedings; (xiv)no history of paying regular dividends and no intent to do so; (xv)our executive chairman and his family own a significant portion of the company; (xvi)operations may be subject to quarter fluctuations and disruptions from events beyond our control; (xvii)regulations related to conflict minerals could adversely impact our business; (xviii)cyber-attacks could adversely impact our business; (xix)imposition of new taxes or duties could adversely affect our business; and (xx)exposure to risks related to accounts receivable. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. For additional information concerning factors that could cause actual results to differ materially from the information contained in this report, reference is made to the information in Part I, “Item 1A Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December31, 2016. You should not place undue reliance on forward-looking statements. Such statements speak only as to the date on which they are made, and we undertake no obligation to update publicly or revise any forward-looking statement, regardless of future developments or availability of new information.
Item 2.02 Financial Statements and Exhibits.
| Exhibit Number | Description |
| 99.1 | Press Release dated October27, 2017 |
Dorman Products, Inc. ExhibitEX-99.1 2 d470411dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact: Kevin Olsen,…To view the full exhibit click here
About Dorman Products, Inc. (NASDAQ:DORM)
Dorman Products, Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners. The Company groups its products into approximately four classes, such as power-train, including intake and exhaust manifolds, and harmonic balancers; automotive body, including window lift motors and window regulators; chassis, including suspension arms and knuckles, and hardware, including threaded bolts. Dorman parts are marketed under the OE Solutions, HELP!, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions brand names. A majority of the Company’s products are sold under brands that it owns.