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Cannondale stands out In Dorel’s Q4 earnings

March 12, 2020

Dorel Industries Inc. – whose bike brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse – this week reported revenue for the fourth quarter of $653.4 million, down 4.4 percent from $683.5 million a year ago. The company posted a net loss of $0.6 million or $0.02 per diluted share compared to $443.9 million or $13.68 per diluted share a year ago. Read more on SGB Media.