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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. 

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