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MONTRÉAL, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) today announced the sale of its facility located in Tiffin, Ohio, for net proceeds of approximately US$12.5 million. This transaction represents another important milestone in the restructuring of Dorel Home and the Company's ongoing efforts to strengthen its balance sheet. The net proceeds from the sale will be used to reduce existing debt. “With the completion of this sale, we are applying the proceeds directly to debt repayment, which will further enhance our financial flexibility and support our ongoing efforts to strengthen Dorel's capital structure,” said Martin Schwartz, President and Chief Executive Officer of Dorel. The Tiffin facility had previously been identified as a non-strategic asset as part of the restructuring of Dorel Home's manufacturing and distribution activities. The sale completes the monetization of this facility and supports Dorel's continuing efforts to improve liquidity and profitability as well as increase shareholder value.

Dorel Industries TSE: DII.A reported lower second-quarter revenue as the company continued to reduce non-core operations in its Home segment and faced softer demand in the U.S. juvenile-products market. Management said international growth and a restructuring of the Home business are intended to improve profitability and cash generation over time.

Dorel Industries Inc. (DII.B:CA) Q2 2026 Earnings Call Transcript

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.