Tristan Thomas

Tristan Thomas asked about Dorman's product overlap with 'First Brands' and any potential opportunities arising from recent news surrounding that company. He also inquired about changes in aftermarket attachment rates for newer specialty vehicles, particularly with OEMs focusing more on factory accessories.

Answer

Kevin Olsen, President and CEO, Dorman Products, clarified that Dorman does not compare itself to First Brands, highlighting Dorman's strong balance sheet and established factoring programs. He noted some, but not material, product overlap and affirmed Dorman's readiness to support customers. Regarding specialty vehicles, Kevin Olsen suggested that less contented models and increasing price points could lead to more entry-level vehicles, which is favorable for Dorman. He also mentioned that while rider enthusiasm remains high, the discretionary side of the business has been impacted, leading Dorman to expand its non-discretionary repair parts portfolio.

Tristan Thomas inquired about Dorman Products' potential product overlap or opportunities related to First Brands, given recent news. He also asked about aftermarket attachment rates for newer specialty vehicles like the Polaris XD 1500, considering OEMs' increased focus on factory accessories.

Answer

Kevin Olsen, President and CEO, clarified that Dorman does not compare itself to First Brands, emphasizing Dorman's strong balance sheet and limited, non-material product overlap. He stated Dorman is ready to support customers if needed. Regarding specialty vehicles, Mr. Olsen noted that less contented models benefit Dorman and that increased vehicle price points might lead to more entry-level models. He highlighted strong rider enthusiasm but acknowledged the discretionary side of the business felt more impact, leading Dorman to double down on non-discretionary repair parts.