DIIBF - Dorel Industries reports Q1 earnings; reaffirms FY23 outlook
2023-05-15 07:58:13 ET
- Dorel Industries press release ( OTCPK:DIIBF ): Q1 Non-GAAP EPS of -$0.76 misses by $0.09 .
- Revenue of $333.2M (-22.2% Y/Y).
- “The outlook we provided in March when we released our year-end results remains the same. The retail environment in the U.S. has not changed as of now and orders from our retail partners have not picked up. As expected, this is most pronounced at Dorel Home. Dorel Juvenile slightly underperformed, but our market share gains and recent new product announcements lead us to be optimistic about a quick turnaround at Juvenile”, commented Dorel President & CEO, Martin Schwartz.
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Dorel Industries reports Q1 earnings; reaffirms FY23 outlook