Edition:
India

Dorel Industries Inc (DIIBF.PK)

DIIBF.PK on OTC Markets Group

1.01USD
1 Apr 2020
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Latest Key Developments (Source: Significant Developments)

Dorel Industries Suspends Dividend
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Dorel Industries Inc ::DOREL INDUSTRIES INC. SUSPENDS DIVIDEND.DOREL INDUSTRIES INC - INCREASED U.S. TARIFFS A MAJOR FACTOR IN SUSPENDING DIVIDEND.DOREL INDUSTRIES INC - DOREL FURTHER ANNOUNCED THAT IT HAS AMENDED ITS SENIOR SECURED REVOLVING CREDIT FACILITIES AND TERM LOAN.DOREL INDUSTRIES INC - HAS AMENDED ITS SENIOR SECURED REVOLVING CREDIT FACILITIES AND TERM LOAN.DOREL INDUSTRIES INC - DIVIDEND DECLARED ON AUGUST 2, 2019 IS NOT AFFECTED AND WILL BE PAID ON OCTOBER 2, 2019.DOREL INDUSTRIES INC - AMENDMENT IS INTENDED TO FACILITATE COMPLIANCE BY DOREL WITH ITS FINANCIAL COVENANTS UNDER CREDIT FACILITIES.DOREL INDUSTRIES INC - TARIFFS HAVE ALSO IMPACTED DOREL SPORTS' MASS MERCHANT BUSINESS.DOREL INDUSTRIES INC - SALES IN INDEPENDENT BICYCLE DEALER AND SPORTING GOODS CHANNELS HAVE REMAINED STRONG AND OUTLOOK REMAINS POSITIVE.DOREL INDUSTRIES - IMPACT OF INCREASED U.S. IMPOSED TARIFFS AS WELL AS REVIEW OF PRELIMINARY Q3 RESULTS HAVE PROMPTED CO'S BOARD TO SUSPEND DIVIDEND.DOREL INDUSTRIES - ANOTHER FACTOR AFFECTING Q3 IS THAT SOME OF DOREL'S LARGE U.S. CUSTOMERS HAVE DELAYED CHRISTMAS 2019 DELIVERIES TO BEGINNING OF Q4.DOREL INDUSTRIES INC - DOREL HOME'S EXPECTED GROSS MARGIN IMPROVEMENT FROM FIRST HALF LEVELS WILL BE DELAYED TO BEGINNING OF 2020.  Full Article

Dorel Industries Reports Q4 Adj EPS Of $0.31
Thursday, 14 Mar 2019 

March 14 (Reuters) - Dorel Industries Inc ::DOREL REPORTS Q4 AND 2018 YEAR-END RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.31.Q4 LOSS PER SHARE $13.68.Q4 REVENUE ROSE 1 PERCENT TO $683.5 MILLION.DOREL SPORTS AFFECTED BY SLOWER THAN EXPECTED HOLIDAY CONSUMER DEMAND.US$501.4 MILLION NON-CASH IMPAIRMENT CHARGE BEING RECORDED.ANNUAL DIVIDEND BEING ADJUSTED TO US$0.60.DOREL IS IN PROCESS OF LAUNCHING A COMPREHENSIVE GLOBAL RESTRUCTURING PROGRAM.DOREL INDUSTRIES -AS PART OF RESTRUCTURING PROGRAM, UNDERTAKING COMPREHENSIVE REVIEW OF GLOBAL FOOTPRINT, INCLUDING ASSETS WITHIN EACH BUSINESS SEGMENT.AS AN IMMEDIATE RESULT OF REVIEW, DOREL HAS DIVESTED FROM ITS JUVENILE DISTRIBUTION OPERATIONS BASED IN COLOMBIA AND PANAMA.REVIEWING ITS REFINANCING OPTIONS WITH ITS FINANCIAL ADVISORS.PROCESS OF REFINANCING ITS US$120.0 MILLION CONVERTIBLE DEBENTURES MATURING ON NOVEMBER 30, 2019.DIVESTITURE FROM ITS JUVENILE DISTRIBUTION OPERATIONS BASED IN COLOMBIA AND PANAMA RELATIVELY IMMATERIAL TO CO'S EARNINGS.  Full Article

Dorel Industries Reports Q2 Adjusted EPS Of $0.39
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Dorel Industries Inc ::DOREL REPORTS SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.39.Q2 LOSS PER SHARE $0.46.Q2 REVENUE ROSE 2 PERCENT TO $623.2 MILLION.DOREL JUVENILE WAS ON TRACK FOR REVENUE GROWTH IN Q2, BUT WAS HURT BY WMS SITUATION IN EUROPE.WMS SITUATION IN EUROPE IS NOW RESOLVED AND CO FULLY EXPECTS EUROPEAN BUSINESS TO REBOUND STRONGLY.IN ALL THREE SEGMENTS, PROPOSED TARIFFS IN THE U.S. WOULD IMPACT A SIGNIFICANT NUMBER OF CO'S PRODUCT CATEGORIES.COMPETITION WILL BE SIMILARLY AFFECTED BY PROPOSED TARIFFS, HIGHER COSTS WILL ULTIMATELY BE PASSED ON TO CONSUMERS.  Full Article

Dorel Sports Sells Sugoi And Sombrio To Louis Garneau Sports Inc
Thursday, 28 Jun 2018 

June 27 (Reuters) - Dorel Industries Inc ::PRESS RELEASE - DOREL SPORTS SELLS SUGOI AND SOMBRIO TO LOUIS GARNEAU SPORTS INC..DOREL INDUSTRIES - DUE TO SALE OF PERFORMANCE APPAREL SEGMENT, EXPECTS TO RECORD ESTIMATED AMOUNT OF $11 MILLION OF RESTRUCTURING & OTHER COSTS DURING Q2.DOREL INDUSTRIES INC - DOREL SPORTS SEGMENT HAS SOLD SUGOI AND SOMBRIO BRANDS TO LOUIS GARNEAU SPORTS INC.  Full Article

BRIEF-Dorel Industries Reports Q4 Loss Per Share Of $0.02

* CORONAVIRUS AND RELATED FOREIGN EXCHANGE IMPACTS WILL LIKELY AFFECT Q1