Dorel Industries Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 345.21 million compared to USD 427.84 million a year ago. Net loss was USD 16.72 million compared to USD 20.83 million a year ago. Basic loss per share from continuing operations was USD 0.51 compared to USD 0.42 a year ago. Diluted loss per share from continuing operations was USD 0.51 compared to USD 0.42 a year ago. Basic loss per share was USD 0.51 compared to USD 0.64 a year ago. Diluted loss per share was USD 0.51 compared to USD 0.64 a year ago.
For the six months, sales was USD 678.41 million compared to USD 855.87 million a year ago. Net loss was USD 48.23 million compared to net income of USD 213.66 million a year ago. Basic loss per share from continuing operations was USD 1.48 compared to USD 1.25 a year ago. Diluted loss per share from continuing operations was USD 1.48 compared to USD 1.25 a year ago. Basic loss per share was USD 1.48 compared to basic earnings per share of USD 6.57 a year ago. Diluted loss per share was USD 1.48.