Dorel Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's total revenue was $611,270,000 compared to $637,296,000 a year ago. Operating profit was $22,837,000 compared to operating loss of $33,808,000 a year ago. Income before income taxes was $15,722,000 compared to loss before income taxes of $44,186,000 a year ago. Net income was $11,440,000 compared to net loss of $38,644,000 a year ago. Basic and diluted earnings per share were $0.35 compared to basic and diluted loss per share of $1.19 a year ago. Cash provided by operating activities was $27,987,000 compared to $54,199,000 a year ago. Additions to property, plant and equipment was $8,043,000 compared to $4,569,000 a year ago. Adjusted net income increased 22.1% to $12.4 million or $0.38 per basic and diluted share, compared to adjusted net income of $10.2 million or $0.31 per diluted share last year. Additions to intangible assets were $5,173,000 against $4,568,000 a year ago. Adjusted operating profit increased by $2.8 million to $24.5 million from $21.7 million last year.

For the six months, the company's total revenue was $1,257,982,000 compared to $1,283,163,000 a year ago. Operating profit was $56,770,000 compared to operating loss of $2,922,000 a year ago. Income before income taxes was $29,467,000 compared to loss before income taxes of $23,978,000 a year ago. Net income was $20,281,000 compared to net loss of $21,910,000 a year ago. Diluted earnings per share were $0.62 compared to basic and diluted loss per share of $0.68 a year ago. Cash provided by operating activities was $2,260,000 compared to cash used in operating activities of $2,260,000 a year ago. Additions to property, plant and equipment was $14,364,000 compared to $9,811,000 a year ago. Additions to intangible assets were $8,627,000 compared to $9,050,000 a year ago. Adjusted net income increased to $35.1 million or $1.08 per basic and diluted share, compared to adjusted net income of $29.9 million or $0.92 per basic and diluted share a year ago.

For the full year of 2017, the company expects its annual adjusted tax rate to be between 20% and 25%.