Dorel Industries reports a doubled third-quarter loss to $21.9 million amid falling revenues.

Dorel Industries reported a third-quarter loss of $21.9 million, more than double the loss from the same period last year, amid a 1.5% drop in revenue to $354.2 million. The company's home business revenue fell by 14%, while its juvenile business saw a revenue increase. To address these challenges, Dorel is implementing cost reduction measures and focusing on e-commerce growth.

November 14, 2024
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