The bicycle unit generated a 25% gain in operating income to $21,274,000 from $17,009,000 for the period ended June 30. Gross margins expanded 30 b.p. to 24.3%, fueled by gains in the independent bike dealer channel but hampered by higher input costs. Second quarter segment revenues were 16% higher at $249,094,000 from $214,888,000 and grew 12% on an organic basis.

Dorel attributed the top line improvement to strong sales in the IBD distribution channel for road bikes in ... Log in to view full article.