March 14 (Reuters) - Dorel Industries Inc DIIb.TO :
* DOREL REPORTS Q4 AND 2018 YEAR-END RESULTS
* Q4 ADJUSTED EARNINGS PER SHARE $0.31
* Q4 LOSS PER SHARE $13.68
* Q4 REVENUE ROSE 1 PERCENT TO $683.5 MILLION
* DOREL SPORTS AFFECTED BY SLOWER THAN EXPECTED HOLIDAY CONSUMER DEMAND
* US$501.4 MILLION NON-CASH IMPAIRMENT CHARGE BEING RECORDED
* ANNUAL DIVIDEND BEING ADJUSTED TO US$0.60
* DOREL IS IN PROCESS OF LAUNCHING A COMPREHENSIVE GLOBAL RESTRUCTURING PROGRAM
* DOREL INDUSTRIES -AS PART OF RESTRUCTURING PROGRAM, UNDERTAKING COMPREHENSIVE REVIEW OF GLOBAL FOOTPRINT, INCLUDING ASSETS WITHIN EACH BUSINESS SEGMENT
* AS AN IMMEDIATE RESULT OF REVIEW, DOREL HAS DIVESTED FROM ITS JUVENILE DISTRIBUTION OPERATIONS BASED IN COLOMBIA AND PANAMA
* REVIEWING ITS REFINANCING OPTIONS WITH ITS FINANCIAL ADVISORS
* PROCESS OF REFINANCING ITS US$120.0 MILLION CONVERTIBLE DEBENTURES MATURING ON NOVEMBER 30, 2019
* DIVESTITURE FROM ITS JUVENILE DISTRIBUTION OPERATIONS BASED IN COLOMBIA AND PANAMA RELATIVELY IMMATERIAL TO CO'S EARNINGS