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Dorel Industries' (DIIBF) CEO Martin Schwartz on Q3 2017 Results - Earnings Call Transcript

Nov. 05, 2017 9:14 AM ETDorel Industries Inc. (DIIBF), DII.B:CA
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Dorel Industries, Inc. (OTCPK:DIIBF) Q3 2017 Earnings Conference Call November 2, 2017 1:00 PM ET


Martin Schwartz - President and CEO

Jeffrey Schwartz - CFO, EVP, Secretary and Director


Derek Lessard - TD Securities

Dave King - Roth Capital

Eric Beder - B. Riley

Leon Aghazarian - National Bank Financial

Derek Lessard - TD Securities

Stephen MacLeod - BMO Capital Markets


Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Dorel Industries Third Quarter 2017 Results Conference Call. [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 on Thursday, November 2, 2017.

I will now turn the conference over to Martin Schwartz, President and CEO. Please go ahead.

Martin Schwartz

Thank you, and good afternoon, everyone. On behalf of Jeffrey Schwartz; and Frank Rana, thank you for joining us for Dorel's third quarter earnings call. We'll be happy to take your questions following our initial comments and a reminder all numbers are in US dollars.

We are pleased that two of our business segments did quite well this past quarter. Dorel Home's positive revenue and earnings trend continued, with online sales again exceeding 50%, accounting for over 100 million of the segment's Q3 revenue.

Dorel Juvenile had its first quarter of organic growth in almost two years despite retail challenges in the US. This was a transitioning quarter for Juvenile, and the business is on track, moving to where we want it to be.

Results at Dorel Sports declined significantly as the segment is caught in the

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