Dorel records fifth consecutive quarter of improvement.MONTREAL, QUEBEC--(BUSINESS WIRE)--Nov. 6, 1995--DOREL INDUSTRIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : DII DII Dynamic Invocation Interface (CORBA client-side API) DII Defense Information Infrastructure DII Diablo 2 (role-playing game) DII Defence Information Infrastructure .A) Dorel Industries Inc. today said it was headed for a record year of earnings as it reported improved results for the third quarter ended September 30, 1995. "We are on target and fully anticipate the ability to meet our projections for the fiscal year," said Dorel President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Martin Schwartz. Net earnings for the third quarter were $2.9 million or $0.25 per share. This compares with earnings of $2.5 million or $0.21 per share for the corresponding period last year. Sales for the third quarter reached $97.6 million, as compared to $87.4 million during the third quarter last year. Earnings for the nine months ended September 30, 1995 amounted to $7.4 million or $0.63 per share, as compared to $5.3 million or $0.45 for the corresponding period last year. Sales totaled $288.2 million, or $242.6 million last year. "Profit came from many of our divisions, but in particular from ready-to-assemble (RTA RTA renal tubular acidosis. RTA Renal tubular acidosis, see there ), which rebounded strongly from a weaker first half," said Schwartz. "Our most recent ventures, infant car seat manufacturer Maxi and home furnishing's producer Leadra Design also did well and contributed to earnings during the third quarter." Schwartz explained that the ready-to-assemble, juvenile and home furnishing divisions are continuing to focus on maximizing operations and on developing new, higher margin products. "The strategies we have put in place are working." "We have invested considerably during the past two years in plant improvements and expansion. Our focus now is to use these facilities to the fullest. Insofar in·so·far adv. To such an extent. Adv. 1. insofar - to the degree or extent that; "insofar as it can be ascertained, the horse lung is comparable to that of man"; "so far as it is reasonably practical he should practice as new products are concerned, we are confident that close to 25 percent of this year's sales will come from introductions made during the past 12 months. We fully intend to continue this trend." Dorel Industries Inc. ranks among the top producers of ready-to- assemble (RTA) and metal folding furniture, and is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer and distributor of children's furniture and accessories. It also manufactures and distributes a line of mid-market case goods furniture. The Company employs over 2500 people in 4 countries. Major facilities include the corporate head office, Dorel Juvenile, and the Leadra Design division, in Montreal, Quebec; Ridgewood, in Cornwall, Ontario; Cosco Inc., in Columbus, Indiana; Charleswood Corporation, in St.Louis, Missouri. European operations include Dorel (U.K.), in the United Kingdom and Maxi-Miliaan BV in the Netherlands. Dorel Industries Inc. is listed on the Montreal and Toronto Exchanges. CONTACT: Maison Brison Rick Leckner 514/731-0000 INDUSTRY KEYWORD: MANUFACTURING RETAIL REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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