Dorel Industries : publie ses résultats du troisième trimestre 2023
November 03, 2023 at 11:10 am EDT
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La division Dorel Produits de puériculture présente de nouveau une amélioration de son bénéfice par rapport au trimestre précédent.
La division Dorel Maison enregistre une amélioration séquentielle de ses résultats malgré un environnement de consommation difficile.
Montréal, le 3 novembre 2023 - Dorel Industries Inc. (TSX: DII.B, DII.A) La société Les Industries Dorel inc. (TSX : DII.B, DII.A) a annoncé aujourd'hui les résultats du troisième trimestre et de la période de neuf mois close le 30 septembre 2023.
Third quarter revenue was US$359.7 million, down 3.9% from US$374.1 million last year. Reported and adjusted net loss from continuing operations was US$10.4 million or US$0.32 per diluted share, compared to US$36.7 million or US$1.13 per diluted share last year. Adjusted net loss1 from continuing operations was US$34.7 million or US$1.07 per diluted share last year.
Nine-month revenue from continuing operations was US$1.038 billion, a decrease of 15.6% compared to US$1.230 billion last year. Reported and adjusted net loss1 from continuing operations year-to-date was US$58.6 million or US$1.80 per diluted share, compared to US$77.6 million or US$2.38 per diluted share last year. Adjusted net loss1 from continuing operations was US$71.2 million or US$2.19 per diluted share last year.
"We are pleased with the progress of our Dorel Juvenile segment as they delivered double-digit revenue growth and an impressive turnaround in earnings. We are clearly seeing our products winning and delivering market share gains in an industry that was down versus the prior year. Dorel Home revenues continued to grow, improving sequentially with positive indicators at brick-and-mortar. Given the challenges for consumer products companies overall, our two segments are navigating positively, though we recognize the need for further improvement. There is far less retailer inventory and our own inventory levels are at their lowest in two years. The vast majority of all the high-cost inventory from last year has been sold, contributing to improving margins throughout 2023," stated Dorel President & CEO, Martin Schwartz.
(DII_Q3-23_ENG_VF.pdf)
(DII_Q3-23_FR_VF.pdf)
1This is a non-GAAP financial ratio or measure with no standardized meaning prescribed by IFRS and therefore is unlikely to be comparable to similar measures presented by other issuers. Refer to the section "Definition and reconciliation of non-GAAP financial ratios and measures" in this press release.
Dorel Industries Inc. published this content on 03 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2023 15:08:57 UTC.
Dorel Industries Inc. is a Canada-based global consumer products company. The Company designs, manufactures or sources, markets, and distributes a diverse portfolio of product brands through its Dorel Home and Dorel Juvenile segments. The Dorel Home segment is engaged in the sale of ready-to-assemble furniture and home furnishings, which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. The Dorel Home segment's brands include Maxi-Cosi, Tiny Love, Infanti, Safety 1st, Bebe Confort, Quinny, and Cosco. The Dorel Juvenile segment is engaged in the sale of childrenâs accessories, which include infant car seats, strollers, high-chairs and infant health and safety aids. The Dorel Juvenile segment's brands include DHP, Signature Sleep, Little Seeds, Ameriwood Home, Cosco Home & Office, Queer Eye, Cosmo Living, Novogratz, Real Rooms, Mr. Kate, Baby Relax, Alphason, Bertini, Ntense, and Notio.
DOREL INDUSTRIES INC. 
