Dorel Industries Inc. (DII.A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Doral Industries' third quarter 2025 results conference call. At this time, all participants are in 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 reach an operator by pressing star then 0. Before turning over the meeting 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, November 10, 2025. I would like to turn the conference over to Martin Schwartz, President and CEO. Please go ahead. Thank you. Well, good morning and thank you all for joining us for Daryl's third quarter earnings call for the period ended September 30th, 2025. With me today are Jeffrey Schwartz, CFO, and Jason Kwasnick, Vice President of Finance. We'll take your questions following our comments. Please note that all figures mentioned during this call are in U.S. dollars. The third quarter ended with a significant agreement with new financial partners that will fund our strategic agenda in accelerating the growth of the juvenile segment and executing the repositioning of the home segment. The lack of liquidity prior to these arrangements seriously impeded our ability to develop and bring new products to market. This was most acute in the home segment, but as the quarter progressed, it also delayed key product development initiatives in juvenile, a problem that has now been resol...