Dorel Industries Announces Financial Results for Quarter & Year End

March 15, 2026  by Karen Parrish in Business Strategy, Industry   

Fourth quarter revenue was US$278.9 million, compared to US$326.8 million in the same period a year ago, a decrease of 14.7%. Reported net loss was US$24.6 million, or US$0.76 per diluted share, compared to US$73.0 million, or US$2.24 per diluted share, last year. Adjusted net loss¹  for 2025 was US$11.2 million, or US$0.35 per diluted share, compared to US$59.2 million, or US$1.82 per diluted share, last year.

Revenue for the year was US$1,190.4 million, compared to US$1,380.2 million in the prior year, a decrease of 13.8%. Reported net loss was US$142.2 million, or US$4.37 per diluted share, compared to US$172.0 million, or US$5.28 per diluted share, a year ago. Adjusted net loss¹ for the year was US$85.8 million, or US$2.63 per diluted share, compared to US$109.8 million, or US$3.37 per diluted share, a year ago.

“Dorel Juvenile delivered a strong performance in 2025, demonstrating resilience amid ongoing tariff-related pressure in the U.S. and mixed market conditions globally. While these external factors moderated revenue growth, improved margins and disciplined cost management contributed to an 84.7% increase in adjusted operating profit¹ for the year. Fourth quarter results were marked by a return to growth in the U.S., coupled with exceptional results in Europe and across several international markets. Innovation across core categories, particularly rotating car seats and Maxi Cosi products, continued to support the segment’s competitive positioning. These results underscore the benefits of Dorel Juvenile’s diversified geographic footprint and the segment’s ability to execute in a challenging operating environment.”

“Due to the ongoing downsizing of operations, Dorel Home operated in a lower sales environment during the fourth quarter, reflecting constrained product availability, deliberate SKU rationalization, and the final stages of its restructuring plan. Notwithstanding these pressures, the segment advanced its operational initiatives, including cost reductions associated with facility closures, workforce reductions, and administrative consolidation. Adjusted operating loss¹ improved year over year in the quarter, reflecting the benefit of a reduced cost base. With the conclusion of our major restructuring activities and the disposition of non-core inventory near complete, Dorel Home enters 2026 with a streamlined operating footprint and a simplified business model intended to support improved execution and performance,” stated Dorel President & CEO, Martin Schwartz.

Outlook

“As we enter 2026, we remain focused on building on Dorel Juvenile’s momentum while managing continued market uncertainty. Priorities include operational efficiency, strengthened supplier partnerships, and continued investment in product innovation. While volatility is expected to persist in the U.S. and in certain Latin American markets, the Company’s diversified international footprint and disciplined execution provide important sources of resilience. We expect 2026 to continue the trend of year-over-year earnings improvement,” commented Dorel President & CEO, Martin Schwartz.

“At Dorel Home, we remain focused on completing the final stages of our transformation and cementing the foundations of a more efficient operating model. With the principal restructuring actions mostly completed and the cost structure materially reduced, we are positioned to focus on stabilizing the business and improving execution. Key priorities include completing the sell through of remaining non-core inventory, completing the integration within the Juvenile operational ecosystem, and re-igniting our everyday living furniture business alongside our successful Cosco folding furniture product lines. As we start 2026, we continue to drive down legacy costs and the ramp-up is slow on our traditional furniture product portfolio. As such, earnings improvements are expected as 2026 progresses,” concluded Mr. Schwartz.

Conference Call

Consolidated financial statements as at December 30, 2025 will be available on the Company's website, www.dorel.com, and will be available through the SEDAR+ website.