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Dorel Industries Inc. (DII-B.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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12.88-0.19 (-1.45%)
At close: 4:00PM EDT
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Previous Close13.07
Open13.04
Bid12.92 x 0
Ask12.92 x 0
Day's Range12.82 - 13.05
52 Week Range2.01 - 16.31
Volume110,751
Avg. Volume143,077
Market Cap416.602M
Beta (5Y Monthly)2.94
PE Ratio (TTM)N/A
EPS (TTM)-1.68
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateAug. 29, 2019
1y Target Est12.18
  • Dorel Completes Sale of China Manufacturing Facility
    GlobeNewswire

    Dorel Completes Sale of China Manufacturing Facility

    MONTRÉAL, March 31, 2021 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that it has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. (“Roadmate”) and has received the gross sale proceeds of approximately US$51 million from Roadmate. As previously announced, Dorel will maintain its second manufacturing location in Huangshi, China as well as its product sourcing and quality control organizations in China that service all three of Dorel’s business segments. The sale transaction to Roadmate did not include Dorel Juvenile’s domestic sales operation based in Shanghai that was acquired along with the manufacturing facility in 2014. About DorelDorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating three distinct businesses in juvenile products, bicycles and home products. Dorel's strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Quinny and Tiny Love, complemented by regional brands such as Safety 1st, Bébé Confort, Cosco and Infanti. Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$2.8 billion and employs approximately 8,200 people in facilities located in twenty-five countries worldwide. Caution Regarding Forward-Looking StatementsCertain statements included in this press release may constitute “forward-looking statements” within the meaning of applicable Canadian securities legislation. Except as may be required by Canadian securities laws, Dorel does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements, by their very nature, are subject to numerous risks and uncertainties, including statements regarding the impact of the COVID-19 pandemic on Dorel’s business, financial position and operations, and are based on several assumptions which give rise to the possibility that actual results could differ materially from Dorel’s expectations expressed in or implied by such forward-looking statements and that the objectives, plans, strategic priorities and business outlook may not be achieved. As a result, Dorel cannot guarantee that any forward-looking statement will materialize, or if any of them do, what benefits Dorel will derive from them. Forward-looking statements are provided in this press release for the purpose of giving information about management’s current expectations and plans and allowing investors and others to get a better understanding of Dorel’s operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other purpose. CONTACTS:Saint Victor Investments IncRick Leckner(514) 245-9232 Dorel Industries Inc.Jeffrey Schwartz(514) 934-3034

  • The Canadian Press

    Most actively traded companies on the Toronto Stock Exchange

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (18,854.00, up 17.53 points.) Denison Mines Corp. (TSX:DML). Materials. Up three cents, or 2.14 per cent, to $1.43 on 27.5 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 16 cents, or 1.62 per cent, to $10.01 on 23.8 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 70 cents, or 1.89 per cent, to $37.73 on 23.6 million shares. The Toronto-Dominion Bank. (TSX:TD). Financials. Down 60 cents, or 0.72 per cent, to $82.42 on 22 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 47 cents, or 1.73 per cent, to $27.65 on 19.4 million shares. Shaw Communications Inc. (TSX:SJR.B). Telecommunications. Down 76 cents, or 2.2 per cent, to $33.75 on 17.2 million shares. Companies in the news: Rogers Communications Inc. (TSX:RCI.B). Down 68 cents or 1.1 per cent to $60.58. Rogers Communications Inc. has entered into a public-private partnership to build more than 300 new towers to improve wireless service in underserved parts of Eastern Ontario. About half of the funding for the $300-million project, which will establish or boost wireless reception in more than 100 municipalities and several First Nations communities, will come from governments at the federal, provincial and municipal levels. Rogers will provide the other $150 million and lead the project. Construction of nearly 350 new transmission towers will begin this spring and continue through 2025, while more than 300 existing towers will be upgraded. About $10 million will come from local organizations that had previously arranged for the provincial and federal governments to provide $71 million each for the project. Imperial Oil Ltd. (TSX:IMO). Up 21 cents to $29.85. Imperial Oil Ltd. is recommending investors attending its annual meeting in May vote against a shareholder resolution that it adopt a corporate wide target to achieve net-zero carbon emissions by 2050. The motion, made by Aequo Shareholder Engagement Services on behalf of Quebec group retirement system Batirente, argues that Imperial's current 2023 emissions reduction target is a step in the right direction but that it is also important to have a long-term strategy. In its notice of meeting, however, Imperial recommends voting down the proposal because, although it supports initiatives to control global warming, it is "premature" to set targets before it has a concrete plan for how to reach them. The company says it has a portfolio of technologies at various stages of commercialization that could be employed, including the use of solvents to produce bitumen from oilsands wells with less energy and using carbon capture and storage to create emission offsets. Shaw Communications Inc. — The Competition Bureau Canada says it has already received an unprecedented amount of online interest related to Rogers Communications Inc.’s proposed acquisition of Shaw Communications Inc. The Competition Bureau says it is getting a higher than normal volume of inquiries online, which is the main gateway for feedback since the bureau's phone services have been shut down since March 2020. After the deal was announced Monday, the bureau says there was a surge of feedback forms related to the proposed $26 billion telecom tie-up, which would combine Canada's two largest cable operations and rivals in the wireless sector. The regulator says it is not able to respond to each form individually because of the high volume, but that the feedback will be reviewed thoroughly and new submissions are still encouraged. Dorel Industries Inc. (TSX:DII.B). Up $1.07 or 8.5 per cent to $13.60. Dorel Industries Inc. is selling one of its Chinese manufacturing facilities acquired in 2014. The Montreal-based maker of sporting goods, products for young children and home furniture says the sale is part of a strategic move to co-develop new children's products with a diverse supplier base. The juvenile products manufacturing facility in Zhongshan will be sold to Guangdong Roadmate Group Co., Ltd. for gross proceeds of about US$51 million. However, it expects to incur a non-cash loss of about US$8 million. Dorel will maintain its second manufacturing location in Huangshi as well as its product sourcing and quality control organizations in China that service all three of Dorel’s business segments. The transaction does not include Dorel's domestic juvenile sales operation based in Shanghai that was acquired along with the manufacturing facility in 2014 as part of a deal valued at US$120 million. This report by The Canadian Press was first published March 19, 2021. The Canadian Press

  • Dorel selling Chinese manufacturing facility of children's products
    The Canadian Press

    Dorel selling Chinese manufacturing facility of children's products

    MONTREAL — Dorel Industries Inc. is selling one of its Chinese manufacturing facilities acquired in 2014.The Montreal-based maker of sporting goods, products for young children and home furniture says the sale is part of a strategic move to co-develop new children's products with a diverse supplier base.The juvenile products manufacturing facility in Zhongshan will be sold to Guangdong Roadmate Group Co., Ltd. for gross proceeds of about US$51 million. However, it expects to incur a non-cash loss of about US$8 million.Dorel will maintain its second manufacturing location in Huangshi as well as its product sourcing and quality control organizations in China that service all three of Dorel’s business segments. The transaction does not include Dorel's domestic juvenile sales operation based in Shanghai that was acquired along with the manufacturing facility in 2014 as part of a deal valued at US$120 million.Dorel says Roadmate will continue to be a key supplier as it co-develops new products.“The strategic direction is intended to allow Dorel Juvenile to further lower the required investment to bring new products to market and to deliver a broader product line with much quicker time to market," stated Dorel CEO Martin Schwartz.He said the sale will also decrease complexity, improve cash flow and reduce volatility in the direct costs of manufacturing due to variations in currency and commodity prices. "Dorel expects that the sale of the Zhongshan facility will also simplify the organization and free-up resources so that Dorel Juvenile can focus on product innovation and branding across its various markets."The sale, which is subject to regulatory approval in China, is expected to close before the end of the second quarter.Dorel will use net proceeds to reduce debt.The transaction comes about a month after it terminated an agreement to go private after key shareholders objected to the bid led by Cerberus Capital Management that included the Schwartz family.This report by The Canadian Press was first published March 19, 2021.Companies in this story: (TSX:DII.B) The Canadian Press