Earnings reports across the commercial vehicle industry are showing signs of improvement as the industry works its way toward recovery, even though some parts companies are taking their expectations for the rest of the year down a notch.
Dorman Products Chairman, President and CEO Kevin Olsen says the company delivered solid performance, but it’s narrowing its full year guidance.
“We now expect full-year net sales growth to be in the range of 2-3%,” Olsen says, versus previous expectations of 3-5%.
Meanwhile, OEMs are seeing revenues and sales work their way back up after a bleak 2025.
“Customer activity is on good levels with a high utilization of vehicles and machines, supporting demand for services,” says Martin Lundstedt, president and CEO of Volvo Group.
Dana Incorporated
Dana saw higher sales in this quarter than the same in 2025, but still showed a net loss from continuing operations, though it was less year over year.
Sales in the third quarter were $2.04 billion driven, the company says, by stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions. Net loss was $10 million compared with $13 million last year.
"Significantly improved operating performance and lower net interest expense were more than offset by a $24 million loss on the extinguishment of debt and higher income tax expense, including a $29 million charge related to the settlement of a foreign income tax partially offset by a $12 million benefit associated with post-off-highway sale restructuring actions," the company says.
Dana is also in the process of acquiring Eaton Mobility.
"We continue to see compelling strategic and financial benefits from the combination with Eaton Mobility and are confident in the value the transaction will create for our shareholders, customers and employees," says Byron Foster, CEO. "As we move toward closing, we are also maximizing the opportunities available to return capital to shareholders. Our increased fourth-quarter repurchases underscore our confidence in Dana and our commitment to shareholder value."
The company also raised full-year guidance in its earnings report, raising its sales outlook by about $50 million, reflecting higher demand and recoveries. Sales are now expected to be $7.75 billion-$7.85 billion.
Dorman Products
Dorman’s third quarter net sales were up 3.3% year over year to $561.7 million with a gross profit of $221.6 million, or 39.4% of sales.
“We delivered solid performance in the quarter,” says Kevin Olsen, chairman, president and CEO. “Given our performance through the first nine months of the year and additional pricing actions we expect to take in the fourth quarter, we are narrowing our full year 2026 guidance. We now expect full-year net sales growth to be in the range of 2-3%.”
Previously, the company expected 3-5% net sales growth.
Heavy-duty saw 5% growth in the third quarter to $66.1 million and flat profit margins year over year.
“Supported by our strong balance sheet and liquidity position, and the strategic advantages of our innovation engine and diversified supplier network, we remain confident in our long-term growth strategy,” he adds.
Genuine Parts Company
Genuine Parts Company (GPC) says it’s split into two companies — GPC, which will focus on automotive business, and Motion, which will take commercial vehicle and industrial business — remains on track. It’s third quarter earnings were up year over year, owing to a 2.9% increase in comparable sales.
[RELATED: Why Genuine Parts is disentangling its Automotive and Industrial operations]
“Our third quarter performance demonstrates the strength of our market leading businesses and our teams’ continued focus on serving customers and executing our strategic priorities,” says Will Stengel, chairman and CEO of the company. “We also achieved important milestones in our separation process.”
Industrial sales were $2.4 billion, up 6% year over year, with a 5.5% increase in comparable sales. In an updated outlook for the rest of the year, it kept total sales growth and industrial sales growth both even. Total sales should be up 3-5.5% and industrial sales should be up 3-6%, the company predicts. It lowered predictions for diluted earnings per share and adjusted diluted earnings per share.
Paccar
Paccar sees sales and revenues jump in third quarter. See which division set a revenue record.
Penske Automotive Group
Revenue for Penske Automotive Group, parent company of Premier Truck Group, increased 5% year over year to $8.4 billion.
The company's commercial truck dealerships sold 6,779 new and used units, generating $1.1 billion in revenue and $59.6 million in income before taxes. On all counts, that's higher than last year.
Earlier this month, Penske Automotive Group announced it would be taken private by Motown Acquisition Corp., which is owned by Penske Corporation and Mitsui & Co. Ltd., in a $16.3 billion deal. That transaction is still on track to close in the first part of the new year.
SKF
Another company splitting off automotive operations is SKF. It’s third-quarter earnings show organic growth of 4.3% year over year, driven in part by higher OEM demand in the Americas. In that region alone, the company saw overall growth of 9.9% and saw a “positive momentum” in commercial vehicles and vehicle aftermarket sales.
[RELATED: SKF introduces new seal for vocational applications]
The automotive business will be spun off into SKF Vertevo, which will list on Nasdaq Stockholm on Dec. 1. The split was approved by SKF shareholders on Oct. 1.
Traton Group
Traton, the parent company of International Motors, saw both unit sales and revenues tick up in the third quarter, owing to a stronger freight market in the U.S. Read more about what the company expects for the rest of the year.
Volvo Group
Volvo saw its net sales up 8% globally and up 24% in North America as the active trucks age and need to be replaced. Read what it sees as risks in the marketplace.
