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Dorel Industries Third Quarter 2022 Earnings: US$1.13 loss per share (vs US$2.09 loss in 3Q 2021)

Dorel Industries (TSE:DII.B) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$374.1m (down 14% from 3Q 2021).

  • Net loss: US$36.7m (loss narrowed by 46% from 3Q 2021).

  • US$1.13 loss per share (improved from US$2.09 loss in 3Q 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dorel Industries Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Consumer Durables industry in North America.

Performance of the market in Canada.

The company's shares are down 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Dorel Industries that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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