Dorel Industries Inc. (OTCPK:DIIBF) Q3 2024 Earnings Conference Call November 14, 2024 1:00 PM ET
Company Participants
Martin Schwartz – President and CEO
Jeffrey Schwartz – Chief Financial Officer
Frank Rana – Chief Strategy Officer
Jayson Kwasnik – Vice President, Finance
Conference Call Participants
Derek Lessard – TD Cowen
Nevan Yochim – BMO Capital Markets
Operator
Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Dorel Industries Third Quarter 2024 Results Conference Call. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions]
Before turning the meeting over to management, please be advised that this conference call will contain statements that are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated.
I would like to remind everyone that this conference call is being recorded today, November 14, 2024.
I would now like to turn the call over to Martin Schwartz, President and CEO. Please go ahead, sir.
Martin Schwartz
Okay. Thank you. Good afternoon. And thank you for joining us for Dorel’s third quarter earnings call for the period ended September 30th. With me are Jeffrey Schwartz, CFO; Frank Rana, Chief Strategy Officer; and Jayson Kwasnik, VP of Finance. We will take your questions following our comments. Again, all figures mentioned during this call are in U.S. dollars.
Dorel Juvenile earnings again exceeded last year’s comparative quarter, driven by an organic revenue increase of over 9%. Impressively, this revenue growth was in all three of our regions, North America, Europe and International. We had several significant customer events in the quarter and the reception to our new product launches in all regions has been very strong, with key deliveries beginning in the quarter.
Conversely, Dorel Home
Read the full article here
