DOREL INDUSTRIES $37.53 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-731-0000; www.dorel.com; Shares outstanding: 32.3 million; Market cap: $1.2 billion; Dividend yield: 3.6%) reported revenue of $673.0 million in the three months ended September 30, 2014. That’s up 10.8% from $607.3 million a year earlier (all figures except share price and market cap in U.S. dollars).
Earnings per share jumped 32.7% in the latest quarter, to $0.73 from $0.55. Sales of its highly profitable Cannondale and Pacific Cycle premium bikes remain strong. As well, Brazilian bike maker Caloi posted its first profit since Dorel’s recent purchase of a 70% stake in the company.
The stock trades at just 10.4 times Dorel’s forecast 2015 earnings of $3.61 a share.
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