Mar 11, 2022 / 04:00PM GMT
Martin Schwartz - Dorel Industries Inc. - President, CEO & Director
All right. Thank you. Good morning, and thank you all for joining us for Dorel's Fourth Quarter and Year-end Earnings Call for the period ended December 30. With me are Jeffrey Schwartz, CFO; and Frank Rana, VP of Finance. We will take your questions following our comments. Again, all figures are in U.S. dollars.
A key objective of any public company is to enhance shareholder value. Our efforts to do so have paid off handsomely with the sale of Dorel Sports. The team built an excellent bicycle business over the years, and we sold it in October at a very attractive price. Our timing was excellent, growing the business as the demand for bikes surged, particularly during the peak of COVID.
We rewarded shareholders with a special dividend disbursing $390 million to them. We also used the net proceeds to pay down debt, and our balance sheet is stronger than ever. We now intend to grow Dorel Home and Dorel Juvenile as we did Sports. Our strengthened balance sheet places Dorel in a firm financial position, which gives us
Q4 2021 Dorel Industries Inc Earnings Call Transcript
Feb 13, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers