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Dorel Industries Inc (DIIb.TO)

DIIb.TO on Toronto Stock Exchange

12.18CAD
25 Mar 2019
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Latest Key Developments (Source: Significant Developments)

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

Dorel Q3 adjusted earnings per share $0.44
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Dorel Industries Inc ::Dorel reports third quarter results.Q3 adjusted earnings per share $0.44.Q3 earnings per share $0.41.Q3 revenue $642.6 million.Dorel Industries Inc - ‍expecting "very good" Q4 with all segments delivering improved adjusted operating profit versus last year​.Dorel Industries Inc - ‍dorel juvenile revenue for q4 is expected to be flat compared to prior year​.Dorel Industries Inc - sees ‍dorel Sports Q4 adjusted operating profit to be in line with Q4 of last year​.  Full Article

CANADA STOCKS-Futures down on decline in oil prices

Nov 6 Futures for Canada's main stock index edged down on Tuesday as energy shares fell on the back of decline in oil prices.