Dorel Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $276.1 million, down 7.5% year over year
- ➤Q3 reported net loss narrowed to $3.5 million from $47.4 million
- ➤Dorel Juvenile adjusted operating profit rose 84.9% to $12.1 million
- ➤Dorel Home posted first quarterly adjusted operating profit since Q2 2022
- ➤Dorel Home Q3 revenue fell 30.9% to $54.1 million amid SKU reductions
Expert Statements
Martin Schwartz, President and CEO of Dorel Industries
“Dorel Juvenile delivered a strong improvement in third-quarter earnings despite continued pressure in the U.S. market and foreign-exchange headwinds. Europe and our international markets performed well, while disciplined cost management offset much of the impact of softer U.S. demand. The quarter also continued to demonstrate the strength of our global footprint, commercial momentum and industry-leading product innovation,”
Martin Schwartz, President and CEO of Dorel Industries
“At Dorel Home, the restructuring program is producing meaningful results. Although revenue declined as we intentionally reduced non-core SKUs and resized the operation, gross margin and operating results improved substantially. The segment delivered an operating profit for the first time since the second quarter of 2022. We remain focused on completing the repositioning and establishing a smaller, more efficient and sustainable operating structure,”
Martin Schwartz, President and CEO of Dorel Industries
“Looking ahead, we expect market conditions in the United States to remain difficult through the fourth quarter with continued pressure on consumer demand, retailer ordering patterns and competitive pricing. Outside the United States, we remain encouraged by the performance of our European and international businesses, supported by strong customer relationships and a promising pipeline of innovative new products and we have made several strategic changes within the segment to deliver those same benefits to the U.S. market. Additionally, we will continue to take a disciplined approach to pricing, cost management and inventory, while working closely with our retail partners to strengthen our competitive position,”
Martin Schwartz, President and CEO of Dorel Industries
“At Dorel Home, the priority is continued execution of the transformation plan. We are concentrating the business on its strongest platforms, eliminating costs around our excess warehouse footprint and maintaining discipline around inventory, working capital and cash management. We are encouraged by the momentum at Cosco and expect it to continue, driving the turnaround of Dorel Home’s new business model. Across Dorel, our teams are operating with focus and accountability. While the external environment remains uncertain, the third quarter demonstrated that the actions we are taking are producing tangible improvements in profitability and operating discipline,”
* Dorel Juvenile earnings improvement from international growth and disciplined cost management * Dorel Home reports quarterly operating profit for the first time in over four years * Company reports substantially lower net losses for the quarter and year-to-date periods MONTRÉAL, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) today announced its financial results for the third quarter and nine months ended September 30, 2026.
Third quarter revenue was US$276.1 million, compared with US$298.6 million in the same period last year, a decrease of 7.5%. Reported net loss improved to US$3.5 million, or US$0.10 per diluted share, from US$47.4 million, or US$1.45 per diluted share, last year. Adjusted net loss(1) was US$13.3 million, or US$0.39 per diluted share, compared with US$29.8 million, or US$0.91 per diluted share, last year.
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