Dorel Industries Reports Q4 Loss Amid Restructuring Efforts

An update from Dorel Class B ( ($TSE:DII.B) ) is now available.

Dorel Industries Inc. reported a decrease in fourth-quarter revenue to US$326.8 million, with a significant net loss attributed to restructuring costs and tax asset write-downs. Despite these challenges, the company saw market share gains in the Juvenile segment, while the Home segment is undergoing a restructuring program to realign its business operations.

More about Dorel Class B

Dorel Industries Inc. operates in the juvenile and home products industry, offering a range of products under brands such as Maxi-Cosi, Tiny Love, Safety 1st, and Dorel Home Products. The company focuses on market share gains in the juvenile segment and restructuring efforts in the home segment.

YTD Price Performance: -11.03%

Average Trading Volume: 6,963

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $86.04M

Learn more about DII.B stock on TipRanks’ Stock Analysis page.