The recreational/leisure segment of Dorel Industries, which comprises Cannondale, Sugoi and other bicycle-related operations, enjoyed a 21.6 percent sales boost in the third quarter to $209.8 million. Organically, the segment rose by 18 percent, resulting in growth of 13 percent for the first nine months of the year. The gross margin declined by 0.4 percentage points to 22.4 percent of revenues in the quarter, while the operating margin dropped by 0.5 percentage points to 4.8 percent, due in part to the stronger U.S. dollar.

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