COLMAR, PA -- (Marketwire) -- 07/31/09 -- Dorman Products, Inc. (NASDAQ: DORM) today announced financial results for the second quarter ended June 27, 2009.

Revenues for the three months ended June 27, 2009 increased 8.7% over the prior year, excluding the impact of foreign currency exchange and the sale of our Canadian subsidiary. Reported sales for the three months ended June 27, 2009 were up 6.6% to $96.2 million from $90.3 million last year. For the six months ended June 27, 2009 revenues before the impact of exchange and the sale of our Canadian business were up 9.5% while reported sales for the six month period rose 7.2% to $182.7 million from $170.4 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 the second quarter of 2009 was $6.3 million compared to net income of $5.2 million in the same period last year. Diluted earnings per share in the second quarter of 2009 rose 21% to $0.35 compared to $0.29 in the same period last year.

For the thirteen weeks ended June 27, 2009 and June 28, 2008:

--  Gross profit margin was 33.3% in 2009 compared to 33.4% in the prior
    year.
--  Selling, general and administrative expenses in 2009 increased just
    1.3% to $21.8 million from $21.5 million in 2008 despite higher incentive
    compensation expense due to increased earnings levels.  Operating expenses
    before the impact of the higher bonus provision were down 1% over the prior
    year despite our 7% growth in net sales as our continued focus on cost
    control offset variable cost increases associated with the higher sales
    levels.
--  Interest expense, net, decreased to $0.1 million in 2009 from $0.3
    million in 2008 due to lower borrowing levels and interest rates.
--  Our effective tax rate increased to 38.6% from 37.8% in the prior
    year. The 2008 tax provision was reduced by the reversal of reserves upon
    the completion of the audit of our 2005 tax year by the Internal Revenue
    Service.
    

Net income in the first six months of 2009 was $10.8 million compared to net income of $7.9 million in the same period last year. Diluted earnings per share in the six months ended June 27, 2009 were up 36% to $0.60 from $0.44 last year.

Mr. Richard Berman, Chairman and Chief Executive Officer, said, "Demand for our products continues to increase despite the difficult economic climate. Initial feedback on our most recent Service Dealer Guide, which highlights over 75 exclusive New-to-the-Aftermarket products, has been positive and reinforces that we are offering the right products at the right time to our customers. We are encouraged by the overall growth prospects for our business and our OE Solutions line in particular. Dorman will continue to invest in new product development as we look to further expand our leadership position in the aftermarket."

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 OE Solutions(TM), HELP!®, AutoGrade(TM), First Stop(TM), Conduct-Tite®, Symmetry® and Scan-Tech® 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 2008 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)             6/27/09     Pct.   6/28/08      Pct.
Net sales                              $96,242    100.0   $90,311     100.0
Cost of goods sold                      64,214     66.7    60,146      66.6
Gross profit                            32,028     33.3    30,165      33.4
Selling, general and administrative
 expenses                               21,751     22.6    21,469      23.8
Income from operations                  10,277     10.7     8,696       9.6
Interest expense, net                       71        -       285       0.3
Income before income taxes              10,206     10.7     8,411       9.3
Provision for income taxes               3,937      4.2     3,178       3.5
Net income                             $ 6,269      6.5   $ 5,233       5.8
Earnings per share
  Basic                                $  0.36        -   $  0.30         -
  Diluted                              $  0.35        -   $  0.29         -
Average shares outstanding
  Basic                                 17,640        -    17,692         -
  Diluted                               17,989        -    18,041         -


                                           26 Weeks           26 Weeks
                                       ----------------   -----------------
Second Quarter (unaudited)             6/27/09     Pct.   6/28/08      Pct.
Net sales                              $182,673   100.0   $170,436    100.0
Cost of goods sold                      122,248    66.9    115,568     67.8
Gross profit                             60,425    33.1     54,868     32.2
Selling, general and administrative
 expenses                                42,685    23.4     41,453     24.3
Income from operations                   17,740     9.7     13,415      7.9
Interest expense, net                       152     0.1        553      0.4
Income before income taxes               17,588     9.6     12,862      7.5
Provision for income taxes                6,763     3.7      4,947      2.9
Net income                             $ 10,825     5.9   $  7,915      4.6
Earnings per share
  Basic                                $   0.61       -   $   0.45        -
  Diluted                              $   0.60       -   $   0.44        -
Average shares outstanding
  Basic                                  17,642       -     17,692        -
  Diluted                                17,976       -     18,064        -





                DORMAN PRODUCTS, INC. AND SUBSIDIARIES
                Condensed Consolidated Balance Sheets
                              (Unaudited)
                             (in thousands)

                                                       6/27/09    12/27/08
Assets:
Cash and cash equivalents                            $    4,481  $    5,824
Accounts receivable                                      92,514      77,101
Inventories                                              86,666      93,577
Deferred income taxes                                    11,739      11,626
Prepaid expenses                                          1,607       2,135
Total current assets                                    197,007     190,263
Property & equipment                                     24,944      25,053
Goodwill                                                 26,553      26,553
Other assets                                              1,864       1,553
Total assets                                         $  250,368  $  243,422

Liability & Shareholders' Equity:
Current portion of long-term debt                    $   10,588  $       86
Accounts payable                                         22,446      21,900
Accrued expenses and other                                7,625       8,040
Total current liabilities                                40,659      30,026
Long-term debt and other                                  2,548      17,464
Deferred income taxes                                     8,534       8,088
Shareholders' equity                                    198,627     187,844
Total Liabilities and Equity                         $  250,368  $  243,422


Selected Cash Flow Information:
(in thousands)                  13 Weeks (unaudited)   26 Weeks (unaudited)
                                --------------------   --------------------
                                6/27/09      6/28/08   6/27/09      6/28/08

Depreciation and amortization    $1,857       $1,885    $3,747       $3,814
Capital Expenditures             $1,657       $2,068    $3,568       $3,603