Dorel Industries Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 333.2 million compared to USD 428.04 million a year ago. Net loss was USD 31.51 million compared to net income of USD 234.5 million a year ago.

Basic loss per share from continuing operations was USD 0.97 compared to USD 0.84 a year ago. Diluted loss per share from continuing operations was USD 0.97 compared to USD 0.84 a year ago. Basic loss per share was USD 0.97 compared to basic earnings per share of USD 7.2 a year ago.

Diluted loss per share was USD 0.97.