8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  July 27, 2010

Dorman Products, Inc.

(Exact name of Registrant as Specified in Charter)

Pennsylvania	000-18914	23-2078856
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3400 East Walnut Street, Comar, Pennsylvania 18915

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code:  (215) 997-1800

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 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 Section 18 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 July 27, 2010, Dorman Products, Inc. (the “Company”) issued a press release announcing its operating results for the second quarter ended June 26, 2010.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Certain statements in this report 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 f rom 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 competition in the automotive aftermarket industry, concentration of the Company's sales and accounts receivable among a small number of customers, the impact of consolidation in the automotive aftermarket industry, foreign currency fluctuations, dependence on senior management and other risks and factors identified from time to time in the reports the Company files with the Securities and Exchange Commission.  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 December 26, 2009.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number	Description
99.1	Press Release dated July 27, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DORMAN PRODUCTS, INC.
Date: July 27, 2010	By:	/s/ Mathias J. Barton
		Name: Mathias J. Barton
		Title: Chief Financial Officer

Exhibit Index
Exhibit Number	Description
99.1	Press Release dated July 27, 2010

EX-99.1

Exhibit 99.1

Corporate Headquarters:

Dorman Products, Inc.

3400 East Walnut Street

Colmar, Pennsylvania 18915

   Fax: (215) 997-8577

For Further Information Contact:	Visit our Home Page:
Mathias J. Barton, CFO	www.dormanproducts.com
(215) 997-1800 x 5132
E-mail: MBarton@dormanproducts.com

Dorman Products, Inc. Reports Sales and Earnings for the Second Quarter Ended June 26, 2010

Colmar, Pennsylvania (July 27, 2010) – Dorman Products, Inc. (NASDAQ:DORM) today announced financial results for the second quarter ended June 26, 2010.

Revenues for the three months ended June 26, 2010 increased 20% over the prior year to $115.0 million from $96.2 million last year.  Net income in the second quarter of 2010 was up 83% to $11.5 million from $6.3 million in the same period last year.  Diluted earnings per share rose 80% in the second quarter of 2010 to $0.63 from $0.35 last year.

For the twenty-six weeks ended June 26, 2010 and June 27, 2009:

· Revenues in 2010 increased 17.1% over the prior year to $214.0 million from $182.7 million last year.  Revenue growth in both periods was driven by strong overall demand for our products and higher new product sales.

· Net income in 2010 was up 95% to $21.1 million from $10.8 million last year.  Diluted earnings per share in 2010 rose 95% to $1.17 from $0.60 in 2009.

· Gross profit margin was 37.9% in 2010 compared to 33.1% in 2009. The increase in margin is the result of a reduction in freight expenses and certain material costs, along with lower product return costs.

· Selling, general and administrative expenses increased 8.4% in 2010 to $46.3 million from $42.7 million in 2009, but were down as a percentage of sales from 23.4% in 2009 to 21.6% in 2010.  The spending increase was the result of higher variable costs related to our sales increase, increased new product development spending and higher incentive compensation expense due to higher earnings levels.  These increases were partially offset by lower operating expenses in most areas due to cost reduction initiatives.

· Our effective tax rate increased to 39.1% from 38.5% in the prior year.  The increase is a result of proportionately higher losses in foreign jurisdictions for which no tax benefit was recorded.

· Operating cash flow for 2010 was $16.7 million compared to $7.1 million in 2009.

Mr. Richard Berman, Chairman and Chief Executive Officer, said, “We reported a 20% increase in sales in the second quarter, and sales growth of 17% for the year.  Continued growth in our New to the Aftermarket product lines along with strong market demand for most other product lines are the primary reasons for these sales increases.  Our organization remains focused on continuing to strengthen the fundamentals of our business, all of which are centered on new product development and satisfying the needs of our customers and end users.  We are committed to growing all existing Dorman product lines and enhancing this growth with further investments in new product development.”

Dorman Products, Inc. is a leading supplier of OE Dealer “Exclusive” automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets.  Dorman products are marketed under the Dorman (R), OE Solutions (TM), HELP! (R), AutoGrade (TM), First Stop (TM), Conduct-Tite (R), Symmetry (R) and Scan-Tech (R) brand names.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.  Factors that could cause actual results to differ materially include, but are not limited to, those factors discussed in the Company’s 2009 Annual Report on Form 10-K under Item 1A - Risk Factors.

DORMAN PRODUCTS, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(in thousands, except per-share amounts)

	13 Weeks			13 Weeks
Second Quarter (unaudited)	6/26/10 Pct.			6/27/09 Pct.
Net sales	$	115,009	100.0	$	96,242	100.0
Cost of goods sold		71,681	62.3		64,214	66.7
Gross profit		43,328	37.7		32,028	33.3
Selling, general and administrative expenses		24,230	21.1		21,751	22.6
Income from operations		19,098	16.6		10,277	10.7
Interest expense, net		58	-		71	0.1
Income before income taxes		19,040	16.6		10,206	10.6
Provision for income taxes		7,555	6.6		3,937	4.1
Net income	$	11,485	10.0		6,269	6.5
Earnings per share
Basic	$	0.65	-	$	0.36	-
Diluted	$	0.63	-	$	0.35	-
Average shares outstanding
Basic		17,757	-		17,640	-
Diluted		18,127	-		17,989	-

DORMAN PRODUCTS, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(in thousands, except per-share amounts)

	26 Weeks			26 Weeks
Second Quarter (unaudited)	6/26/10 Pct.			6/27/09 Pct.
Net sales	$	213,985	100.0	$	182,673	100.0
Cost of goods sold		132,880	62.1		122,248	66.9
Gross profit		81,105	37.9		60,425	33.1
Selling, general and administrative expenses		46,308	21.6		42,685	23.4
Income from operations		34,797	16.3		17,740	9.7
Interest expense, net		123	0.1		152	0.1
Income before income taxes		34,674	16.2		17,588	9.6
Provision for income taxes		13,574	6.3		6,763	3.7
Net income	$	21,100	9.9	$	10,825	5.9
Earnings per share
Basic	$	1.19	-	$	0.61	-
Diluted	$	1.17	-	$	0.60	-
Average shares outstanding
Basic		17,723	-		17,642	-
Diluted		18,092	-		17,976	-

DORMAN PRODUCTS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

 (in thousands)

	6/26/10		12/26/09
Assets:
Cash and cash equivalents	$	23,310	$	10,626
Accounts receivable		107,352		88,164
Inventories		92,219		89,927
Deferred income taxes		13,108		12,620
Prepaid expenses		2,408		2,248
Total current assets		238,397		203,585
Property & equipment		25,514		25,218
Goodwill		26,553		26,553
Other assets		1,864		2,046
Total assets	$	292,328	$	257,402
Liability & Shareholders’ Equity:
Current portion of long-term debt	$	92	$
Accounts payable		31,374		16,098
Accrued expenses and other		12,789		14,244
Total current liabilities		44,255		30,432
Long-term debt and other		3,151		2,941
Deferred income taxes		8,782		8,694
Shareholders’ equity		236,140		215,335
Total Liabilities and Equity	$	292,328	$	257,402

Selected Cash Flow Information:	13 Weeks (unaudited)				26 Weeks (Unaudited)
(in thousands)	6/26/10		6/27/09		6/26/10		6/27/09
Depreciation and amortization	$	1,955	$	1,857	$	3,879	$	3,747
Capital Expenditures	$	2,174	$	1,657	$	4,168	$	3,568