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Dorel Industries: 4Q Earnings Snapshot

WESTMOUNT, Quebec (AP) _ Dorel Industries Inc. (DIIBF) on Thursday reported a loss of $443.9 million in its fourth quarter.

On a per-share basis, the Westmount, Quebec-based company said it had a loss of $13.68. Earnings, adjusted for non-recurring costs, came to 31 cents per share.

The maker of bicycles, child safety products and home furnishings posted revenue of $683.5 million in the period.

For the year, the company reported a loss of $444.3 million, or $13.70 per share, swinging to a loss in the period. Revenue was reported as $2.62 billion.

Dorel Industries shares have decreased 7 percent since the beginning of the year. The stock has fallen 52 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIIBF at https://www.zacks.com/ap/DIIBF