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Article Date: August 2018
Word Count: 124

Dorel Sports Dips on Restructuring Charge


The Sports segment had an operating loss of $3,282,000 against a profit of $4,928,000 in the second quarter hit by an $11.2 million charge including a writedown of the Sugoi trademark and inventory after the sale of its apparel business to Louis Garneau. Excluding one-time charges, adjusted operating income was up 41% to $7,955,000, while revenue increased 7% to $224,513,000 from $209,053,000 ... Log in to view full article.

 


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