|Bid||5.06 x 0|
|Ask||5.08 x 0|
|Day's Range||5.06 - 5.19|
|52 Week Range||4.65 - 22.65|
|Beta (3Y Monthly)||0.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.58|
FOXBORO, Mass., Oct. 3, 2019 /PRNewswire/ -- Dorel Juvenile, a segment of Dorel Industries (TSX: DII.B, DII.A), the world's largest manufacturer of juvenile products, today unveiled a new Maxi-Cosi campaign, Designed For Parenthood, which reflects an updated direction for the brand with new lifestyle imagery and a tonal shift that all parents will relate to. Tapping into the mindset of millennial parents, the campaign embraces the joyful, unexpected, and sometimes bumpy adventures that parents face each day, and shows that Maxi-Cosi products are designed to fit into their lives seamlessly. "For over 35 years, Maxi-Cosi has designed car seats, strollers and travel systems equipped for parenthood, and in recent years we've seen a shift among millennials in what it actually means to be a parent," said Paul Powers, CEO and President of Dorel Juvenile USA.
Shares of Schwinn-parent Dorel Industries Inc. were suffering a record plunge Tuesday after the company said it would stop paying its relatively high dividend to investors, blaming ‘chaotic market conditions’ created by tariffs resulting from the U.S.-China trade war.
Dorel Industries Inc. said Tuesday it will stop paying a dividend, citing the impact of increased U.S. tariffs and following a review of preliminary third-quarter results. The Canada-based juvenile products and bicycle maker, whose brands include Schwinn, Cannondale and Maxi-Cosi, said the dividend being paid out on Oct. 2 is not affected. Dorel's previous quarterly dividend was 15 cents a share, with the annual dividend rate of 60 cents a share, implying a dividend yield of 8.82% on the U.S.-listed shares. The company said the increase in May on tariffs on Chinese imports to 25% is having a "much greater impact" on its business than the previous 10% tariff. "We raised prices midway through the third quarter and this has had several negative consequences," said Chief Executive Martin Schwartz. "It is prudent to suspend the dividend until the chaotic market conditions created by tariffs are normalized." As a result, Schwartz said the expected gross margin improvement will be delayed until the beginning of 2020. The U.S.-listed stock has tumbled 47.4% in 2019, while the S&P 500 has gained 18.7%.
DII.A) today announced that the impact of increased U.S. imposed tariffs as well as a review of the preliminary third quarter results have prompted Dorel’s Board of Directors to suspend its dividend. Dorel will announce third quarter results on November 8, 2019.
MONTREAL, Sept. 20, 2019 -- Dorel Industries Inc.’s (TSX: DII.B; DII.A) Dorel Juvenile segment has won the prestigious innovation award in the ‘World of Travelling Kids’.
DII.A) Dorel Juvenile segment is once again a leading participant in the annual Kind + Jugend Trade Show, the world’s largest juvenile products exhibition, opening today in Cologne, Germany. Customers from around the world will get a sneak preview of Dorel Juvenile’s impressive line-up of new and refreshed products. Dorel Juvenile is traditionally one of the largest exhibitors. Featured among the new Maxi-Cosi products is the all-new Coral, the world’s first baby car seat solving the inconvenience of managing bulky seats.
The new expert guidebook and launch of a black and white Mobile Activity Center offer new tools to support newborn development. FOXBORO, Mass., Sept. 12, 2019 /PRNewswire/ -- Tiny Love™, a global brand under Dorel Juvenile, has relaunched the widely popular Magical Tales Black & White Gymini™ to now include a developmental guidebook, expertly created to educate parents as they support baby's milestones. The Magical Tales™ Black & White Gymini is a dynamic playmat that grows with baby while strengthening cognitive abilities, enhancing motor skills and building emotional intelligence.
Proprietary 'Rideamals' category headlines growth for Kid Trax MADISON, Wis. , Sept. 9, 2019 /PRNewswire/ -- Kid Trax, a brand of Dorel Industries, Inc. (TSX: DII.B, DII.A), have started rolling out their ...
Dorel Sports delivers top and bottom-line gains, driven by CSG’s 5th consecutive quarter of growthDorel Home records substantial year-over-year top-line growthDorel Juvenile.
MONTREAL, Aug. 01, 2019 -- Dorel Industries Inc. (TSX: DII.B, DII.A) CONFERENCE CALL:OPEN TO:Analysts, investors and all interested parties DATE:Friday, August 2,.
MONTREAL, July 25, 2019 -- Dorel Industries Inc. (TSX: DII.B, DII.A) CONFERENCE CALL:OPEN TO:Analysts, investors and all interested parties DATE:Friday, August 2,.
WILTON, Conn., July 20, 2019 /PRNewswire/ -- Cannondale, a premium brand of Dorel Industries, Inc. (TSX: DII.B, DII.A), today released the Moterra and Habit NEO, two all-new e-mountain bikes crafted to bring exceptional handling and serious capability to every kind of trail, from the nasty and gnarly to the flowy and fun. The new Moterra is built to thrive on rugged descents and technical climbs in the high mountains but is happy to play wherever it's pointed. The Habit NEO is the snappy, lively, do-it-all trail machine that ramps up the fun factor on fast, flowy singletrack, while having the chops to tackle anything the mountain has to offer.
WILTON, Conn., July 15, 2019 /PRNewswire/ -- Cannondale, a premium brand of Dorel Industries, Inc. (TSX: DII.B, DII.A), has been a pioneering force in high-performance aluminum road bikes for almost four decades. Each generation of their legendary CAAD series of road bikes has defined the state of the art for aluminum road racing machines, and today they announced the launch of the most advanced evolution yet, the all-new CAAD13. Faster, smoother, more comfortable, and more broadly capable than anything that's come before, the new CAAD13 is designed to compete head-to-head with competitors' carbon fiber bikes, on everything but price.
WILTON, Conn., June 28, 2019 /PRNewswire/ -- Cannondale, a premium brand of Dorel Industries, Inc. (TSX: DII.B, DII.A), today announced the launch of the all-new SuperSix EVO – a dramatic evolution of their classic road racing machine. Redesigned to significantly reduce aerodynamic drag, while staying true to its light, smooth and agile roots, it's a pure road bike built to help the modern rider fly. "Aerodynamic efficiency has a huge affect on speed and performance in cycling, so reducing drag on the new SuperSix EVO was a priority," said Nathan Barry, Cannondale Design Engineer.
MONTREAL, June 20, 2019 -- Dorel Industries Inc. (TSX: DII.B, DII.A) is pleased to announce that all of the nominees listed in its Management Proxy Circular dated May 8, 2019.
MONTREAL, June 19, 2019 -- Dorel Industries’ Annual Meeting of Shareholders will be held at the Lord Frederick A. Stanley Meeting RoomHoliday Inn & Suites Montréal.
MONTRÉAL, June 18, 2019 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that pursuant to the Company’s management proxy circular, dated May 8, 2019, it is the Board’s intention to appoint one or more independent directors immediately following the Company’s Annual Meeting of Shareholders, to be held June 20, 2019. The two independent Directors to be appointed are Sharon Ranson and Brad Johnson. Ms. Ranson is a corporate director and entrepreneur with in-depth financial expertise in accounting, capital markets and investments.
“We appreciate the confidence our lenders have clearly demonstrated in Dorel. The conclusion of this new financing, together with our existing senior secured credit facilities, solidifies our balance sheet, providing a strong foundation to support Dorel and its strategy going forward,” stated Martin Schwartz, Dorel President & CEO.
MONTREAL, June 05, 2019 -- Dorel Industries’ Annual Meeting of Shareholders will be held at the Lord Frederick A. Stanley Meeting RoomHoliday Inn & Suites Montréal.
WILTON, Conn., May 31, 2019 /PRNewswire/ -- GT Bicycles, a premium brand of Dorel Industries, Inc. (TSX: DII.B, DII.A), today announced the all-new Grade. With a new, leaner look, and a purposeful redesign of the iconic Triple Triangle, the Grade has been engineered to ride further and faster. The new Grade, which features a completely redesigned Triple Triangle with floating seat stays, offers all day rideability. With more vertical compliance than the previous generation, the Grade provides an even more comfortable time in the saddle, no matter the terrain.
WILTON, Conn., May 21, 2019 /PRNewswire/ -- Cannondale, a premium brand of Dorel Industries, Inc (TSX: DII.B, DII.A), today released a new addition to their cycling lineup: a playful, easy, everyday bike named Treadwell. Thanks to Cannondale's lightweight aluminum construction, the Treadwell is a breeze to ride, lift, or carry up steps. Neither too upright and cruiser-y nor too forward and sporty, the Treadwell has that "just right" feeling for riders of all abilities.