Dorel Sports’ Q2 Sales Jump 18.5 Percent

August 11, 2020

Dorel Industries Inc. reported operating profits nearly tripled at its Q2 segment in the second quarter as sales rose 18.5%. The segment includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Revenue was $285.6 million, up $44.6 million, or 18.5% from last year. Excluding the impact of varying foreign exchange rates, organic revenue improved approximately 21.1%. Read more on SGBMedia.