JAKKS Pacific Q3 sales up 36% to $323M; CEO/CFO employment extended to 2026

JAKKS PACIFIC INC

2022-Q3 EPS reported $5.18 revenue$664,301,000

Net sales $323.0M (+36% YoY); Toys/Consumer Products up 56% to $269.6M; Costumes down 17% to $53.4M.
GAAP EPS $2.96; adjusted EPS $3.80; adjusted EBITDA $59.4M vs $41.7M in Q3 2021.
Year-to-date net sales of $664.3M exceeded full-year 2021 net sales of $621.1M; 2022 revenue growth guided ~20%.
Optional $17.5M term-loan paydown brings year-to-date principal reductions to $29M (29% of Jan 1 balance); total debt $67.7M net.
CEO Berman and CFO Kimble employment terms extended to Dec 31, 2026 with revised performance bonus ranges (CEO 25%-300% of salary, CFO 25%-200%) and RSU grants.

item 2.02 item 5.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JAKKS PACIFIC INC reported third quarter ended September 30, 2022 results: revenue $323.0 million, net income $30.3 million, EPS $2.96 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $323.0 million
Net income: $30.3 million
EPS: $2.96 per diluted share
Result: reported results

Exact text from the filing

Third Quarter 2022 Overview ● Net sales were $323.0 million, a year-over-year increase of 36% o Toys/Consumer Products were $269.6 million, a year-over-year increase of 56% o Costumes were $53.4 million, a year-over-year decrease of 17% ■ Costumes year-to-date are $134.7 million, a 36% increase over 2021 ● Year-to-date net sales were $664.3 million, which exceeded full year 2021 net sales of $621.1 million ● Gross margin of 28.5%, down 310 basis points vs. Q3 2021 ● Operating income of $53.7 million (16.7% of net sales) in Q3 2022 vs. $36.7 million (15.5% of net sales) in Q3 2021 o Year-to-date operating income of $76.7 million (11.6% of net sales) vs. $35.8 million (8.3% of net sales) for comparable period in 2021 ● Net income attributable to common stockholders of $30.3 million or $2.96 per diluted share, compared to net income attributable to common stockholders of $36.0 million or $3.97 per diluted share in Q3 2021 ● Adjusted net income attributable to common stockholders (a non-GA

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Source: SEC EDGAR

accession 0001185185-22-001228

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