COLMAR, Pa. -- Dorman Products has announced its financial results for the third quarter ended Sept. 24. Revenues for the third quarter increased 13 percent over the prior year to $134.2 million from $119.2 million. Excluding the impact of $3.5 million in costs associated with Dorman’s decision to exit its Swedish business, adjusted net income increased 17 percent to $15 million in the third quarter, from $12.8 million last year. Adjusted diluted earnings per share increased 15 percent to 82 cents in 2011 from 71 cents in 2010.

After the above charge, reported net income in the third quarter of 2011 declined 10 percent, to $11.5 million from $12.8 million in the same period last year. Reported diluted earnings per share in the third quarter of 2011 declined 11 percent to 63 cents from 71 cents in the same period last year.

Steven Berman, chairman and CEO, said, "Our sales increases continue to be driven by the success of our new products. We remain on pace to deliver a record number of new products in 2011 and look forward to sharing some of our recent new product opportunities with our customers and end users during next week's AAPEX Show. Finally, we are excited to announce our upcoming launch of Dorman HD Solutions -- an exclusive offering of Former Dealer Only for the Medium and Heavy Duty vehicle market, which we expect to begin shipping early next year."