Economy and Business Forecasts

Furniture

Dorel's Q1 revenue falls 16.4% year-over-year, net loss improves slightly

Dorel Industries Inc. has announced its financial results for the first quarter ended March 31, 2026. First quarter revenue was $267.8 million, down 16.4%, from $320.5 million a year ago. Reported net loss for the quarter was $24.9 million to $25.3 million a year ago. Adjusted net loss for the quarter was $22.3 million compared to $23.6 million a year ago.

Woodworking Industry News

Valen US undergoes financial restructuring to protect assets and support long-term growth

Valen US is undertaking an asset protection. The manufacturer of drawer boxes, cabinet doors, and accessories is entering this process as a deliberate strategic step to protect its business and establish a stronger operational and financial foundation for sustainable, profitable growth. Earlier this year, its sister company, Candlelight Cabinets, paused operations due to financial difficulties.

Woodworking Industry News

Acimall reports a stable market in 2025

According to the data published by Acimall, the association of Italian manufacturers of woodworking machinery, the industry closed 2025 with a total production value of 2.398 billion euros ($2.819 billion), recording a minor reduction of 1 percent compared to the previous year.