Financial Performance - Fourth quarter revenue decreased to US$278.9 million, down 14.7% from US$326.8 million year-over-year [2] - Full year revenue was US$1,190.4 million, a decrease of 13.8% compared to US$1,380.2 million in the previous year [3] - Reported net loss for the fourth quarter was US$24.6 million, or US$0.76 per diluted share, compared to a net loss of US$73.0 million, or US$2.24 per diluted share, last year [2] - Full year reported net loss was US$142.2 million, or US$4.37 per diluted share, compared to US$172.0 million, or US$5.28 per diluted share, in the prior year [3] Segment Performance Dorel Juvenile - Dorel Juvenile reported fourth quarter revenue of US$226.8 million, an increase of 6.6% compared to the same period last year [14] - The segment achieved an 84.7% increase in adjusted operating profit for the year, driven by improved margins and disciplined cost management [4] - Revenue growth in the U.S. reversed earlier trends, supported by strong car seat performance and market share gains [14] Dorel Home - Dorel Home experienced a significant decline in revenue, with fourth quarter revenue at US$52.1 million, down 54.3% from US$114.0 million last year [22] - The segment's restructuring efforts are nearing completion, with operational initiatives including cost reductions and facility closures [4][23] - Full year revenue for Dorel Home was US$309.4 million, a decrease of 40.1% from US$516.2 million in 2024 [22] Operational Insights - Dorel Juvenile's performance highlighted the benefits of a diversified geographic footprint and innovation in core product categories [4] - Dorel Home's restructuring included the exit of major warehousing and manufacturing sites, consolidating operations within the Juvenile network [23] - The company emphasized ongoing investment in product innovation and supplier collaboration to mitigate cost pressures and support product launches [17] Outlook - The company aims to build on Dorel Juvenile's momentum while managing market uncertainties, focusing on operational efficiency and supplier partnerships [26] - Dorel Home plans to stabilize its business and improve execution as it completes its transformation and reduces legacy costs [28]