Dorel Industries

Dorel Reports Fourth Quarter and 2023 Year-End Results

Retrieved on: 
Monday, March 11, 2024
Dorel Industries, COSCO, Traction, Interest, TSX, Inventory, Average cost, Home, Legislation, Bank statement, Environment

Revenue for the fourth quarter was US$138.6 million, down US$12.7 million, or 8.4%, from US$151.3 million last year.

Key Points: 
  • Revenue for the fourth quarter was US$138.6 million, down US$12.7 million, or 8.4%, from US$151.3 million last year.
  • Fourth quarter operating loss was US$12.8 million compared to US$18.3 million last year.
  • It should be noted that the seasonality of our business means that our first quarter, while substantially better than the prior year comparison, will not match 2023’s strong fourth quarter performance,” commented Dorel President & CEO, Martin Schwartz.
  • Dorel Industries Inc. will hold a conference call to discuss these results on Tuesday, March 12, 2024 at 11:00 AM Eastern Time.

Maxi-Cosi Launches First Ever AI-Equipped Baby Monitor to Translate Baby's Cries

Retrieved on: 
Tuesday, January 9, 2024
Nordstrom, Database, See, Parenting, Temperature, Smartphone, Infant, Environment, TSX, Caregiver, Future, Child, Parent, Dorel Industries, Toy

FOXBOROUGH, Mass. , Jan. 9, 2024 /PRNewswire/ -- Maxi-Cosi, a leading baby gear brand of Dorel Industries Inc. (TSX: DII.B, DII.A), known for its innovative designs, is today launching the See Pro 360° Baby Monitor. Revolutionizing the way parents connect with their babies, this state-of-the-art monitor features groundbreaking CryAssist™ technology, leveraging AI to translate a baby's cries, helping parents understand if their little one may be sleepy, fussy, gassy, agitated, or hungry.

Key Points: 
  • , Jan. 9, 2024 /PRNewswire/ -- Maxi-Cosi , a leading baby gear brand of Dorel Industries Inc. (TSX: DII.B, DII.A), known for its innovative designs, is today launching the See Pro 360° Baby Monitor.
  • Revolutionizing the way parents connect with their babies, this state-of-the-art monitor features groundbreaking CryAssist™ technology, leveraging AI to translate a baby's cries, helping parents understand if their little one may be sleepy, fussy, gassy, agitated, or hungry.
  • Connected Family App: Create the optimal environment, set the mood, and monitor and comfort baby from anywhere you might be.
  • A 6-month subscription for CryAssist is included with the purchase of the See Pro 360° Baby Monitor and can be easily renewed within the app for a family's second child.

Dorel Enters into New US$88 Million Term-Loan Facility

Retrieved on: 
Friday, December 8, 2023
TSX, Dorel Industries, COSCO, First Eagle Investments, Tiny Love

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products.

Key Points: 
  • Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products.
  • Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother’s Choice and Infanti.
  • Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.
  • Dorel has annual sales of US$1.6 billion and employs approximately 4,000 people in facilities located in twenty-two countries worldwide.

More Than 50 Top Brands Announce Exclusive Offers For Veterans Day with SheerID

Retrieved on: 
Tuesday, November 7, 2023
Technology, Veterans, Other Retail, Security, Software, Retail, Data Management, Defense, Online Retail, Military personnel, Sale, Canadian Armed Forces, Ariat, Morning Star, L.L.Bean, News, Organization, Fox Nation, Guitar Center, Lovehoney, Skin, Dorel Industries, Research, Access, Magazines.com, J.Crew, ASICS, GAF, America Line, Travel, Reward, Aveda, Veterans Day, Holland America Line, Marshall, CorePower Yoga, Commerce, Health insurance, Cryptocurrency, Airline, Real estate, Satellite navigation device, Life insurance, Department store, Peafowl, Veteran

“Brands that show they care about heroes, like active military service members, veterans, and their families, by rewarding them with personalized offers, build strong connections with these valuable consumers,” said Jake Weatherly, Chief Executive Officer of SheerID.

Key Points: 
  • “Brands that show they care about heroes, like active military service members, veterans, and their families, by rewarding them with personalized offers, build strong connections with these valuable consumers,” said Jake Weatherly, Chief Executive Officer of SheerID.
  • “Recognizing individuals for the important work they do builds trust, which helps companies gain and keep loyal customers.”
    Access Exclusive Veterans Day Offers!
  • Ashley Furniture - Veterans and active military members receive 10% off any purchase online or at participating stores through 11/13/2023.
  • Guitar Center - In appreciation and support of military veterans and active service member musicians, Guitar Center is offering an exclusive Veterans Day discount of 15% off a single item of $199 or more .

Dorel Reports Third Quarter 2023 Results

Retrieved on: 
Friday, November 3, 2023
High Point Market, SEDAR, Legislation, Dorel Industries, TSX, Bank statement, Environment, Growth, Interest, COSCO, Video game, Bank

Revenue for the third quarter was US$153.7 million, down US$33.7 million, or 18.0% compared to the third quarter a year ago.

Key Points: 
  • Revenue for the third quarter was US$153.7 million, down US$33.7 million, or 18.0% compared to the third quarter a year ago.
  • “While the results at Dorel Home are less positive, sales are improving across the year, and we are narrowing our losses.
  • Dorel Industries Inc. will hold a conference call to discuss these results on Friday, November 3, 2023 at 1:00 P.M. Eastern Time.
  • This recording will be available on Friday, November 3, 2023 as of 4:30 PM until 11:59 PM on Friday, November 10, 2023.

Dorel Juvenile USA Partners with Babylist to Showcase Exclusive Products in New Flagship Showroom

Retrieved on: 
Thursday, September 7, 2023
Dorel Industries, Heart, Tiny Love, Partnership, Activity, Life, Parent, Foot, Child, White, Full, Toy, Car dealership

FOXBOROUGH, Mass., Sept. 7, 2023 /PRNewswire/ -- Dorel Juvenile, a world-class leader in juvenile products and baby care, is excited to announce its partnership with Babylist, the leading digital destination for growing families, in the all-new Babylist Beverly Hills, a flagship showroom experience, in which opened its doors on August 18, 2023. As a corporation that cares for precious life, Dorel Juvenile is proud to be among the first companies selected to participate in the first-ever Babylist showroom. Together, both brands are providing parents with top-of-the-line products across various price points, supporting them throughout their child's journey from birth and beyond.

Key Points: 
  • As a corporation that cares for precious life, Dorel Juvenile is proud to be among the first companies selected to participate in the first-ever Babylist showroom.
  • Together, both brands are providing parents with top-of-the-line products across various price points, supporting them throughout their child's journey from birth and beyond.
  • "Dorel Juvenile's collaboration with Babylist is a testament to our relentless pursuit of innovation and our commitment to enhancing the parenting experience," said Cathy Carter, President/CEO of Dorel Juvenile North America.
  • For more information on Dorel Juvenile products and the Babylist showroom, visit www.babylist.com/lp/showroom .

Babylist Opens Flagship Showroom, Designed For Today’s Consumer

Retrieved on: 
Tuesday, August 15, 2023
Women, Parenting, Baby, Maternity, Specialty, Home Goods, Family, Consumer, Retail, Online Retail, Dorel Industries, Heart, DTC, Life, GROW, Friends, Parent, Safety, Multimedia, Celebration, Photography, Etsy, Mother, Motorola, Trust, Community, Push, System, GMV, Wayfair, Weasel, Social media, The Honest Company, Toy, Online shopping, Tourism, Nightclub, Jujube, Chicco, Canopy, ERGO Baby

We are excited to bring this online experience into the physical realm," said Natalie Gordon, Babylist founder and CEO.

Key Points: 
  • We are excited to bring this online experience into the physical realm," said Natalie Gordon, Babylist founder and CEO.
  • Babylist Beverly Hills is a visual treat, with rooms designed to please everyone from the most minimalist to those who love a little flair.
  • In addition to consumer needs, Babylist Beverly Hills meets unmet brand and DTC retailer needs.
  • Babylist works online with 100s of vendors, retailers, and brands, and many have approached Babylist with a desire to bring their brands to life.

Dorel Reports Second Quarter 2023 Results

Retrieved on: 
Friday, August 11, 2023
Dorel Industries, Bank statement, Interest, Home, SEDAR, TSX, Growth, Environment, COSCO, Legislation, Online shopping, Retail, Bank

Second quarter operating loss was US$10.0 million, compared to an operating profit of US$2.2 million last year.

Key Points: 
  • Second quarter operating loss was US$10.0 million, compared to an operating profit of US$2.2 million last year.
  • “As of today, we fully expect the quarter over quarter earnings improvement that started in the first quarter to continue into the back half of the year.
  • As evidenced by our second quarter results and as we indicated in our last outlook in May, Dorel Juvenile is ahead of Dorel Home on that path and will improve its profitability across the quarters, but we are also confident Home will also return to an operating profit in the second half”, commented Dorel President & CEO, Martin Schwartz.
  • Dorel Industries Inc. will hold a conference call to discuss these results on Friday, August 11, 2023 at 1:00 P.M. Eastern Time.

Dorel Industries Announces Results of Annual Meeting

Retrieved on: 
Wednesday, May 24, 2023
Dorel Industries, TSX, Chartered Professional Accountant, KPMG, COSCO, KPMG LLP, Accounting, Retail

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products.

Key Points: 
  • Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products.
  • Dorel’s strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands.
  • Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.
  • Dorel has annual sales of US$1.6 billion and employs approximately 4,000 people in facilities located in twenty-two countries worldwide.

REMINDER: Dorel Industries Inc. Announces Virtual Annual Meeting of Shareholders

Retrieved on: 
Tuesday, May 23, 2023
Dorel Industries, TSX, Tiny Love, Q&A, COSCO, Life insurance, Retail, Sales

Shareholders will have the ability to interact with Dorel Industries Inc. Senior Management by submitting questions to [email protected].

Key Points: 
  • Shareholders will have the ability to interact with Dorel Industries Inc. Senior Management by submitting questions to [email protected].
  • To be sure your questions are addressed during the Q&A portion of the annual meeting, it is recommended that you submit them no later than 5 p.m. on Friday, May 19, 2023.
  • Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products.
  • Dorel has annual sales of US$1.6 billion and employs approximately 4,000 people in facilities located in twenty-two countries worldwide.