secwatch / observer
8-K filed March 10, 2023, 6:59 PM ET ticker JAKK CIK 0001009829
earnings confidence high sentiment positive materiality 0.80

JAKKS Pacific Q4 sales $131.9M, -30% YoY; FY sales +28% to $796.2M; adjusted EBITDA +55%

JAKKS PACIFIC INC

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jack McGrath

President European Operations
JAKK · JAKKS PACIFIC INC
Effective
2024-01-01
Filed
March 10, 2023, 6:59 PM ET
effective January 1, 2024, Mr. McGrath will be assigned to our United Kingdom ("UK") office as President European Operations at an annual salary of US$500,000.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JAKKS PACIFIC INC reported the fourth quarter ended December 31, 2022 results: revenue $131.9 million, net income $38.9 million, EPS $3.79 per diluted share.

Period
the fourth quarter ended December 31, 2022
Revenue
$131.9 million
Net income
$38.9 million
EPS
$3.79 per diluted share
Result
reported results
Exact text from the filing
March 9, 2023 – JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the fourth quarter ended December 31, 2022. Fourth Quarter 2022 ● Net sales were $131.9 million compared to $188.0 million last year; a 30% decrease ● Gross margin of 21.7%, negatively impacted by lower capitalization of warehouse costs, higher tooling amortization,
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JAKKS PACIFIC INC reported the full year ended December 31, 2022 results: revenue $796.2 million, net income $91.3 million, EPS $4.28 per diluted share.

Period
the full year ended December 31, 2022
Revenue
$796.2 million
Net income
$91.3 million
EPS
$4.28 per diluted share
Result
reported results
Exact text from the filing
income attributable to common stockholders of $1.3 million in Q4 2021 ● Adjusted EBITDA of $(12.1) million, down from $5.0 million in Q4 2021. Full-Year 2022 ● Net sales were $796.2 million compared to $621.1 million last year; a 28% increase ● Gross margin of 26.5% compared to 29.5% last year ● Operating income of $61.0 million compared to $38.8 million last year;
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jack McGrath changed role as President European Operations at JAKKS PACIFIC INC.

Action
assigned
Role
President European Operations
Exact text from the filing
effective January 1, 2024, Mr. McGrath will be assigned to our United Kingdom ("UK") office as President European Operations at an annual salary of US$500,000.
View on SEC.gov

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JAKKS PACIFIC INC filing history →

Source: SEC EDGAR
accession 0001185185-23-000197
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