May 4 (Reuters) - Dorel Industries Inc DIIb.TO :
* DOREL REPORTS FIRST QUARTER 2018 RESULTS
* Q1 ADJUSTED EARNINGS PER SHARE $0.17
* Q1 EARNINGS PER SHARE $0.14
* Q1 REVENUE $642.3 MILLION VERSUS $646.7 MILLION
* QTRLY RESULTS REFLECT US$12.5 MILLION IMPAIRMENT LOSS ON TRADE ACCOUNTS RECEIVABLE FROM TOYS"R"US LIQUIDATION
* DOREL INDUSTRIES - CONFIDENT THAT MUCH OF LOST TOYS"R"US SALES WILL BE RECOVERED COMMENCING IN H2
* DOREL INDUSTRIES SAYS "TOYS"R"US LIQUIDATION IN U.S. MAY CAUSE A MARKET DISRUPTION IN SHORT-TERM, BUT WE BELIEVE THIS SITUATION WILL STABILIZE"
* SAYS Q1 "WAS MORE DIFFICULT THAN ORIGINALLY EXPECTED AT DOREL JUVENILE AND DOREL SPORTS"
* DOREL SPORTS' Q2 EARNINGS MAY BE REDUCED BY RESIDUAL IMPACT OF TOYS"R"US INSOLVENCY