secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001185185-22-000864
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific reports record Q2 net sales of $220.4M, net income of $26.2M ($2.61 EPS)
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- Net sales $220.4M (+96.2% YoY); Toys/Consumer Products $148.9M (+82.6%), Costumes $71.6M (+132.2%).
- Operating income $23.7M (10.7% of sales) vs $1.8M in Q2 2021; net income $26.2M ($2.61 diluted EPS) vs net loss of $15.4M a year ago.
- Adjusted net income $21.1M ($2.10 diluted EPS) vs adjusted loss $2.3M; Adjusted EBITDA $27.1M vs $5.0M in Q2 2021.
- Used $10M of proceeds for optional pay-down against long-term debt; total debt $84.9M, down from $129.3M a year ago.
- Cash $62.3M; inventory $123.7M (incl. $36.3M in-transit) vs $60.6M last year; first-half shipments >$300M company record.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518522000864/0001185185-22-000864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518522000864/jakkspacif20220726_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-000864

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