First Quarter Conference Call May 9, 2013 - Dorel Industries

More documents

Recommendations

Info

FINAL TRANSCRIPT May 9, 2013 – 01:00 p.m. E.T. Dorel Industries First Quarter Results Jeffrey Schwartz Yeah, pretty much. I mean, you know, again, it's the first time you get it. I mean, we're still looking at it on the annualized basis. So yeah, I mean, it's a little… that part of the world's a little trickier to do your predictions, but we're not unhappy. Stephen MacLeod Right. Martin Schwartz We feel there's good potential there. Stephen MacLeod Okay. Okay, great. Thank you very much. Operator Your next question comes from the line of Mark Petrie, with CIBC World Markets. Your line is open. Mark Petrie – Analyst, CIBC World Markets Hey, good afternoon. I just wanted to follow up a little bit about your entry or growth in the feeding segment in Europe. How material is that business for you in Europe, and also in the US? And what do you think the growth opportunities are? "Though CNW Group has used commercially reasonable efforts to produce this transcript, it does not represent or warrant that this transcript is error-free. CNW Group will not be responsible for any direct, indirect, incidental, special, consequential, loss of profits or other damages or liabilities which may arise out of or result from any use made of this transcript or any error contained therein." « Bien que CNW Telbec ait fait tous les efforts possibles pour produire cet audioscript, la société ne peut affirmer ou garantir qu’il ne contient aucune erreur. CNW Telbec ne peut être tenue responsable de pertes ou profits, responsabilités ou dommages causés par ou découlant directement, indirectement, accidentellement ou corrélativement à l’utilisation de ce texte ou toute erreur qu’il contiendrait. » 26
FINAL TRANSCRIPT May 9, 2013 – 01:00 p.m. E.T. Dorel Industries First Quarter Results Jeffrey Schwartz Well, it's not in the US, first of all. It's a… it's not quite material yet in Europe. I mean, we do a nice business in France, and actually it's not brand new. We've kind of reintroduced the product line. We've been selling feeding for a long time in France and are one of the major players there. What we're looking to do is enhance the line and start to expand it outside of that market. But at this point, you know, in the global scale of a billion‐dollar company, it's not material. Mark Petrie Is there M&A there that is possible to accelerate that? Jeffrey Schwartz Possibly. That's, you know, one of the categories that has always kind of been on our radar. Mark Petrie Okay. And just regarding the dividend, and maybe if you can just talk about sort of, you know, priorities for cash and all that stuff, I think the dividend went up last year with the Q2 results. Is that going to be… I think you said you're going to be looking at it sort of on an ongoing basis. How should we think about it in terms of, you know, a guideline around cash flow or trailing earnings, or something like that? "Though CNW Group has used commercially reasonable efforts to produce this transcript, it does not represent or warrant that this transcript is error-free. CNW Group will not be responsible for any direct, indirect, incidental, special, consequential, loss of profits or other damages or liabilities which may arise out of or result from any use made of this transcript or any error contained therein." « Bien que CNW Telbec ait fait tous les efforts possibles pour produire cet audioscript, la société ne peut affirmer ou garantir qu’il ne contient aucune erreur. CNW Telbec ne peut être tenue responsable de pertes ou profits, responsabilités ou dommages causés par ou découlant directement, indirectement, accidentellement ou corrélativement à l’utilisation de ce texte ou toute erreur qu’il contiendrait. » 27
Page 1 and 2: FINAL TRANSCRIPT Dorel Industries F
Page 3 and 4: FINAL TRANSCRIPT May 9, 2013 - 01:0
Page 25: FINAL TRANSCRIPT May 9, 2013 - 01:0
Page 35: FINAL TRANSCRIPT May 9, 2013 - 01:0

First Quarter Conference Call May 9, 2013 - Dorel Industries

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?