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Dorel Industries: 2Q Earnings Snapshot

August 2, 2019

WESTMOUNT, Quebec (AP) _ Dorel Industries Inc. (DIIBF) on Friday reported second-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.

The Westmount, Quebec-based company said it had profit of 9 cents per share. Earnings, adjusted for restructuring costs, came to 19 cents per share.

The maker of bicycles, child safety products and home furnishings posted revenue of $670 million in the period.

Dorel Industries shares have decreased 45% since the beginning of the year. The stock has dropped 62% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIIBF at https://www.zacks.com/ap/DIIBF

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