MEGA Brands Inc. designs, manufactures, and markets various toys, stationery, and activity products. The company operates through two segments, Toys, and Stationery & Activities. It offers plastic interlocking building blocks, vehicles, action figures, and themed activity sets, as well as toys with lights, sounds, and music; and puzzles for various ages from preschool and adult. The company also provides art materials comprising crayons, colored pencils, children’s markers, chalk, paints and brushes, and glue; writing instruments that comprise pens, mechanical and woodcase pencils, adult markers, and highlighters; presentation boards and accessories, including dry erase and cork presentation...
Montreal, QC H4T 1K4
Founded in 1967
MEGA Brands Inc. Announces New Partnership with Shriners Hospitals for Children- Canada
Jun 6 14
MEGA Brands Inc. announced the start of a new partnership with Shriners Hospitals for Children- Canada. The company has pledged $500,000 to the hospital's Exceptional Care for Exceptional Kids campaign and will launch a custom-made and limited edition Mega Bloks First Builders Block Buddy fundraising toy at today's International Shriners Day celebration in Ottawa. Additionally, MEGA Brands will provide Mega Bloks toys and decorations for the new hospital's Child Life playroom. Located in Montreal, construction of the new Shriners Hospital for Children began in spring of 2013, and is expected to be complete in 2015. In order to help drive donations to the Exceptional Care for Kids campaign, MEGA Brands has designed a Shriners-inspired Block Buddy to add to the Mega Bloks First Builders line. Called 'Loveable Lucas', the Limited Edition Block Buddy can be purchased at select Shriners Temples, at Shriners Hospitals for Children -- Canada in Montreal. To commemorate International Shriners Day, Loveable Lucas will make his debut, and be available for purchase, at the Shriners celebration in Ottawa.
MEGA Brands Inc., Special/Extraordinary Shareholders Meeting, Apr 23, 2014
Mar 5 14
MEGA Brands Inc., Special/Extraordinary Shareholders Meeting, Apr 23, 2014., at 09:00 US Eastern Standard Time. Location: Osler, Hoskin & Harcourt LLP. Agenda: To approve acquisition of the Corporation by a wholly-owned subsidiary of Mattel, Inc. for CAD 17.75 per common share in cash.
MEGA Brands Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Mar 5 14
MEGA Brands Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of $101,212,000 compared to $127,538,000 for the same period a year ago. Earnings from operations were $5,161,000 compared to $10,281,000 for the same period a year ago. Earnings before income taxes were $2,991,000 compared to $5,765,000 for the same period a year ago. Net earnings were $1,412,000 or $0.04 per diluted share compared to $4,010,000 or $0.01 per diluted share for the same period a year ago. Adjusted EBITDA was $8.9 million compared to $13.9 million in the fourth quarter of 2012.
For the full year, the company reported net sales of $404,738,000 compared to $420,271,000 for the same period a year ago. Earnings from operations were $32,818,000 compared to $35,875,000 for the same period a year ago. Earnings before income taxes were $19,183,000 compared to $18,228,000 for the same period a year ago. Net earnings were $20,774,000 or $0.93 per diluted share compared to $16,586,000 or $0.84 per diluted share for the same period a year ago. Cash flows provided by operating activities was $35,412,000 compared to $51,998,000 for the same period a year ago. Acquisition of property, plant and equipment was $20,228,000 compared to $19,234,000 for the same period a year ago. Adjusted earnings before interest, taxes, depreciation and amortization were $47.0 million compared to $49.2 million in 2012. The corporation ended 2013 in a strong financial position, with long-term debt reduced 48% to $59.3 million compared to $113.0 million at the end of 2012, cash on hand of $16.4 million compared to $8.0 million the previous year, and no borrowings against working capital facility.