hasbro inc (HAS) Key Developments
Hasbro Inc. Announces the Availability of the New KRE-O STAR TREK
May 7 13
Hasbro Inc. announced the availability of the new KRE-O STAR TREK line at retail locations beginning May 07, 2013. Also releasing is a stop motion animated short featuring KRE-O building sets and KREON figures based on the iconic STAR TREK film franchise. Fans can watch the video, with a new stand-alone STAR TREK storyline, now on the official KRE-O YouTube channel at youtube.com/KREO. The KRE-O STAR TREK U.S.S. ENTERPRISE building set from Hasbro is available at retail locations now. The KRE-O STAR TREK stop motion digital short animation was produced through film director J.J. Abrams' production company, Bad Robot, with special effects for the piece created by Kelvin Optical, one of the visual effects teams also working on the soon-to-be released STAR TREK INTO DARKNESS from Paramount Pictures. The KRE-O STAR TREK line, under license from CBS Consumer Products, is based on the upcoming film STAR TREK INTO DARKNESS, directed by Abrams and in theaters on May 17, and features a variety of intergalactic space vehicles from the movie. Also featured in the line are 18 collectible KREON figures based on iconic STAR TREK characters, to be released throughout 2013. The new KRE-O STAR TREK line marks the unveiling of LIGHTTECH, a light-up feature within every KRE-O STAR TREK building set that allows kids and fans to bring the fantasy world of STAR TREK to the next level.
Hasbro Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Declares Quarterly Cash Dividend, Payable on May 15, 2013
Apr 22 13
Hasbro Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $663,694,000 compared to $648,850,000 a year ago. Operating profit was $10,627,000 compared to $15,726,000 a year ago. Loss before income taxes was $14,493,000 compared to $4,866,000 a year ago. Net loss was $6,671,000 or $0.05 per basic and diluted share compared to $2,579,000 or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities was $297,454,000 compared to $284,738,000 a year ago. As adjusted, net earnings increased 30% to $6.6 million, or $0.05 per diluted share. This excludes pre-tax charges of $28.9 million, or $0.14 per diluted share, associated with previously disclosed restructuring actions as well as favorable tax adjustments of $5.5 million, or $0.04 per diluted share. Net earnings were $5.1 million, or $0.04 per diluted share, excluding $11.1 million, or $0.06 per diluted share, of restructuring charges. Underlying operating profit, excluding restructuring charges, increased 47% over 2012.
The company declared a quarterly cash dividend of $0.40 per common share, an increase of $0.04 per share, or 11%, from the previous quarterly dividend of $0.36 per common share. The dividend will be payable on May 15, 2013 to shareholders of record at the close of business on May 1, 2013.
Hasbro Inc. Presents at Barclays Retail and Consumer Discretionary Conference, May-01-2013 01:30 PM
Apr 16 13
Hasbro Inc. Presents at Barclays Retail and Consumer Discretionary Conference, May-01-2013 01:30 PM. Venue: Barclays Office, 745 Seventh Avenue, New York, New York, United States. Speakers: Brian D. Goldner, Chief Executive Officer, President, Director and Member of Executive Committee.
Hasbro Inc., Q1 2013 Earnings Call, Apr 22, 2013
Mar 25 13
Hasbro Inc., Q1 2013 Earnings Call, Apr 22, 2013
U.S. International Trade Commission Announces Investigation Against 15 Companies
Mar 23 13
U.S. International Trade Commission (USITC) has voted to institute an investigation of certain products having laminated packaging, laminated packaging, and components thereof. At issue in this investigation are products with laminated packaging including certain alcoholic beverages, electronics, personal healthcare products. The investigation is based on a complaint filed by Lamina Packaging Innovations LLC of Longview, TX, on February 20, 2013. An amended complaint was filed on March 12, 2013. The amended complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States and sale of certain products having laminated packaging, laminated packaging, and components thereof that infringe patents asserted by Lamina Packaging Innovations. The complainant requests that the USITC issue an exclusion order and cease and desist orders. The USITC has identified respondents in this investigation: Remy Cointreau USA, Inc.; Pernod Ricard USA, LLC; John Jameson Import Company of Purchase, NY; Moet Hennessy USA, Inc.; Champagne Louis Roederer S.A.; Maisons Marques & Domaines USA Inc.; Freixenet Usa, Inc.; L'Oreal USA, Inc.; Hasbro Inc.; Cognac Ferrand USA, Inc. of New York, NY; Deutsch Family Wine & Spirits; Diageo North America, Inc.; Sidney Frank Importing Company, Inc.; Beats Electronics LLC; and Camus Wines & Spirits Group of Cognac, France.