Dorel Industries Inc. (DII.A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Dorel Industries' first quarter 2025 results conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. To join the question queue, you may press star, then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star, then 0. Before turning the meeting over to management, please be advised that this conference call will contain statements that are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. I would like to remind everyone that this conference call is being recorded today, May 12th, 2025. I would now like to turn the conference over to Martin Schwartz, President and CEO. Please go ahead. Thank you. Good morning, and thank you all for joining us for Durell's first quarter earnings call for the period ended March 31st, 2025. With me are Jeffrey Schwartz, CFO, and Jason Kwasnick, VP of Finance. We will take your questions following our comments. Again, all figures mentioned during this call are in U.S. dollars. Durell Juvenile had a strong start to 2025 with another quarter of organic revenue growth. Our new product introductions continue to resonate with retailers and consumers, and our pipeline of upcoming launches is robust. Another positive, though out of our control, was the weakening of the U.S. dollar and the quarter against most major currencies, which helped earnings and should do so going forward. Conversely, the real home faced a challenging start to the year, with e-commerce sales much lower than expectations. As we said in our last ...