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As of 8:10 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

mattel inc (MAT) Key Developments

Mattel, Inc. Declares Fourth Quarter Cash Dividend, Payable on December 12, 2014; Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Mattel, Inc. announced that its board of directors declared a fourth quarter cash dividend of $0.38 per share on the company's common stock. The dividend will be payable on December 12, 2014 to stockholders of record on November 26, 2014. The dividend is the final of four quarterly dividends the company will have paid this year, reflecting an annualized dividend of $1.52 per share, which represents a 6% increase to last year's total dividends. The company announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $2,021.4 million against $2,207.0 million a year ago. Operating income was $409.5 million against $528.2 million a year ago. Income before income taxes was $394.2 million against $514.3 million a year ago. Net income was $331.8 million or $0.97 per diluted share against $422.8 million or $1.21 per diluted share a year ago. For the nine months, the company reported net sales of $4,029.9 million against $4,371.7 million a year ago. Operating income was $416.7 million against $688.8 million a year ago. Income before income taxes was $370.4 million against $637.2 million a year ago. Net income was $348.9 million or $1.02 per diluted share against $534.7 million or $1.52 per diluted share a year ago. Cash flows used in operating activities was $144 million against $321 million a year ago.

Mattel, Inc., Q3 2014 Earnings Call, Oct 16, 2014

Mattel, Inc., Q3 2014 Earnings Call, Oct 16, 2014

Mattel, Inc. to Report Q3, 2014 Results on Oct 16, 2014

Mattel, Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 16, 2014

Mattel, Inc. Declares Third Quarter Dividend, Payable on September 19, 2014

Mattel's Board of Directors has declared a third quarter dividend of $0.38 per share on its common stock, payable on September 19, 2014 to stockholders of record on August 27, 2014.

Mattel, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Income Tax Rate and Capital Expenditure Guidance for 2014

Mattel, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $1,062.3 million against $1,169.1 million a year ago. Operating income was $1 million compared to $94.8 million a year ago. Loss before income taxes was $14.4 million against income before income taxes of $78.7 million a year ago. Net income was $28.3 million or $0.08 per diluted share against $73.3 million or $0.21 per diluted share a year ago. For the quarter, the company net income, which includes a tax benefit of $0.11 per share and a negative impact of $0.06 per share of MEGA Brands acquisition and integration costs. The decrease in operating income in the quarter was driven primarily by lower sales and gross margins and the cost associated with the acquisition and integration of MEGA Brands. The decrease in EPS was driven by lower operating income, including the cost associated with the MEGA brand acquisition, partially offset by: lower nonoperating expenses; lower tax expense, including $0.11 benefit from discrete tax items; and a reduction in share count. For the six months, the company reported net sales of $2,008.4 million against $2,164.7 million a year ago. Operating income was $7.2 million against $160.6 million a year ago. Loss before income taxes was $23.8 million against income before income taxes of $122.9 million a year ago. Net income was $17.1 million or $0.05 per diluted share against $111.9 million or $0.32 per diluted share a year ago. Cash flow used for operations was $79 million compared to $286 million last year. The decrease is primarily due to changes in working capital. For the full year, excluding discrete tax items, the company expects that income tax rate will be approximately 21% to 22%, assuming no changes occur in tax laws. For the year, currently, the company expects expenses to be about $45 million to $55 million. For the year, currently, the company would expect these noncash expenses to be about $25 million in amortization of intangibles and about $15 million related to the inventory fair value adjustments. The impact of the inventory fair value adjustments should wind down by the end of 2000 - end of the third quarter, but the noncash amortization costs and some integration costs are expected to continue in 2015 and beyond.

 

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