Latest news with #DorelIndustriesInc
San Francisco Chronicle
4 days ago
- Business
- San Francisco Chronicle
Dorel Industries: Q2 Earnings Snapshot
WESTMOUNT, Quebec (AP) — WESTMOUNT, Quebec (AP) — Dorel Industries Inc. (DIIBF) on Friday reported a loss of $44.9 million in its second quarter. The Westmount, Quebec-based company said it had a loss of $1.38 per share. Losses, adjusted for restructuring costs, were 65 cents per share. The maker of bicycles, child safety products and home furnishings posted revenue of $292.4 million in the period. _____
Toronto Star
5 days ago
- Business
- Toronto Star
Dorel Provides Update on Long-Term Debt
MONTRÉAL, Aug. 07, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that on August 7, 2025, it again amended its asset backed loan (ABL) facility and term loan facility whereby Dorel's lenders agreed to continue to forebear from enforcing their rights and exercising their remedies under both the ABL facility and term loan facility further to a default by Dorel relating to certain financial covenants. The initial forbearance period commenced on May 9, 2025 and has now been extended to the earlier of September 16, 2025 and the occurrence of any event of default, other than the current event of default, under the ABL facility or term loan facility. Dorel will receive access to US$20.0 million additional liquidity in three tranches under the ABL facility in order to finance new inventory and must continue to provide the lenders with additional reporting during the forbearance period. In addition, the total maximum availability under the ABL facility was decreased to US$150.0 million as part of the amendment. As at June 30, 2025, the total amount of borrowings outstanding under the ABL facility was approximately US$92.0 million. In addition, as previously announced, the Company is continuing to work with two leading capital market advisors to assist in re-capitalizing the Company's balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company's needs. Dorel will update stakeholders on developments as they arise.
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
REPEAT – Dorel Industries Will Hold a Conference Call to Discuss Its First Quarter Results
MONTREAL, May 08, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) THE PRESS RELEASE WILL BE PUBLISHED THE FRIDAY PRIOR (MAY 9) AFTER MARKETS CLOSE, THROUGH GLOBENEWSWIRE. Please dial in 15 minutes before the conference begins. If you are unable to call in at this time, you may access a recording of the meeting by calling 1-855-669-9658 and entering the passcode 1176620 on your phone. This recording will be available on Monday, May 12, 2025 as of 2:30 PM until 11:59 PM on Monday, May 19, 2025. MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION. Interested parties may also listen to a live webcast at . For further information contact John Paikopoulos, Dorel Industries Inc. at 514-934-3034.
