Business Description

Dorel Industries, Inc. manufactures, designs, and distributes a variety of products. The company operates in three segments: Dorel Spor, Dorel Juvenile, and, Dorel Home focuses on sourcing, designing, and manufacturing ready-to-assemble furniture and home furnishings. It includes metal futons, step stools, folding furniture, and ladders. It is located in Westmount, Canada. They also incorporate the most up-to-date fashion and state-of-the-art features.

Key Financials

Revenue (US$ Mn):

• Dorel Industries, Inc.’s annual revenue for 2021 was US$ 1,759 Mn, a 2.39% increase from 2020
• The annual revenue generated by Dorel Industries, Inc. in 2020 was US$ 1,718 Mn
• At a 0.57% increase from , Dorel Industries, Inc.’s annual revenue of US$ 2,635 Mn was indexed in 2019
• Dorel Industries, Inc. generated total revenue of US$ 2,620 Mn in 2018

 

Operating Income (US$ Mn):

• US$ -15 Mn was the operating income generated by Dorel Industries, Inc. in 2021
• Dorel Industries, Inc.’s operating income for 2020 was US$ 1 Mn, a -98.86% decrease from 2019
• From 2018’s operating incomes, Dorel Industries, Inc. registered a 3.53% increase in 2019, amounting to US$ 88 Mn
• An operating income of US$ 85 Mn was generated in 2018 by Dorel Industries, Inc.

 

Net Income (US$ Mn):

• Dorel Industries, Inc.’s net income for 2021 was US$ -32 Mn, a -25.58% decrease from 2020
• The net income generated by Dorel Industries, Inc. in 2020 was US$ -43 Mn
• At a -97.75% decrease from , Dorel Industries, Inc.’s net income of US$ -10 Mn was indexed in 2019
• Dorel Industries, Inc. generated a net income of US$ -444 Mn in 2018

 

Operating Margin %:

• -1% was the operating margin generated by Dorel Industries, Inc. in 2021
• Dorel Industries, Inc.’s operating margin for 2020 was %, a -100% decrease from 2019
• From 2018’s operating margins, Dorel Industries, Inc. registered a 0% decrease in 2019, amounting to 3%
• An operating margin of 3% was generated in 2018 by Dorel Industries, Inc.

 

Gross Margin %:

• Dorel Industries, Inc.’s gross margin for 2021 was 17%, a -15.23% decrease from 2020
• The gross margin generated by Dorel Industries, Inc. in 2020 was 20%
• At a -6.02% decrease from , Dorel Industries, Inc.’s gross margin of 20% was indexed in 2019
• Dorel Industries, Inc. generated a gross margin of 22% in 2018

SWOT Analysis

Strengths

Distribution Network

Dorel’s strong distribution network allows it to gain operational synergies while serving its customers efficiently. The company has developed strong distribution capabilities, which enable it to efficiently supply merchandise to all its regions. The distribution channels of the company vary according to its segments. Major retail chains such as department stores, mass merchant discount chains, hardware/home centers, and club format outlets are its largest customers.

Dorel Juvenile, the company’s juvenile segment, sells its products at independent boutiques and specialty stores. The company’s Dorel Sports segment sells products to mass merchant channels and sporting goods chains. The company’s online retailer channel includes mass merchant websites such as Amazon.com and Walmart.com. Dorel has around 90 retail outlets in Peru and Chile. There are also factory outlet locations in Australia and Europe. Dorel has an extensive sales network.

The company’s sales and distribution channels include individual agents, salaried employees, and individual specialized agents. There are also sales agencies. The company’s products are carried out by individual agents on an exclusive or nonexclusive basis. Individual specialized agents, such as Dorel, sell products to one customer, such as a major discount retailer. Each sales agency has its own sales team. Company-owned websites, multiproduct brochures, magazines, and other media outlets are used to promote its products. The company’s inventory is delivered promptly by a strong distribution system that includes multiple channels.