Dorel Industries Inc. reported unaudited consolidated earnings results for the first quarter ended of March 31, 2017. For the quarter, the company's total revenue was $646.7 million compared to $645.9 million a year ago. Adjusted net income for the quarter increased 15.4% to $22.7 million or $0.69 per diluted share from $19.7 million, or $0.60 per diluted share in 2016. Net income was $8,841,000 compared to $16,734,000 a year ago. Basic earnings per share were $0.27 compared to $0.52 a year ago. Operating profit was also a record, at $19.8 million, up 12.0% from $17.6 million a year ago. Cash flow used in operating activities was $17.5 million compared to $5.9 million used in last year's first quarter. Consolidated net debt position was $460.4 million at the end of the first quarter. It was $551 million at the end of the first quarter last year and was $423.9 million at the end of the year.

The company has stated that for the full year it expects its annual adjusted tax rate to be between 15% and 20%.