Dorel Reports Second Quarter 2026 Financial Results

MONTRÉAL, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) today announced its financial results for the second quarter and six months ended June 30, 2026.

Second quarter revenue was US$249.5 million, compared to US$292.4 million, a decrease of 14.7% from the same period a year ago. Reported net loss was US$42.5 million or US$1.23 per diluted share, compared to US$44.9 million or US$1.38 per diluted share last year. Adjusted net loss1 was US$23.5 million or US$0.68 per diluted share compared to US$21.1 million or US$0.65 per diluted share last year.

Revenue for the six months was US$517.3 million, compared to US$612.8 million, down 15.6% from the prior year. Reported net loss was US$67.4 million or US$1.96 per diluted share, compared to US$70.2 million or US$2.15 per diluted share a year ago. Adjusted net loss1 for the six months was US$45.8 million or US$1.33 per diluted share, compared to US$44.8 million or US$1.37 per diluted share last year.

“Dorel Juvenile delivered a resilient second quarter, supported by strong international performance and continued momentum in its premium brands. The segment continued to improve underlying operating performance, with growth across several key international markets, despite aggressive promotional activity by direct competitors in the United States affecting sales. Ongoing investment in innovation, consumer engagement and commercial execution continues to reinforce Dorel Juvenile’s ability to navigate market challenges while strengthening its foundation for long-term profitable growth,” stated Dorel President & CEO, Martin Schwartz.

“As announced with our first quarter results, Dorel Home required a further reduction in its overhead structure. During the quarter, we advanced a new business model centred on Cosco product categories. In addition, our European furniture distribution company, Notio, will continue to supply key large retailers with select furniture SKUs. Although this transition resulted in a reduction in revenue in the quarter, we are very pleased that the Cosco business performed in line with expectations and was profitable under the new operating model,” added Mr. Schwartz.