earnings
confidence high
sentiment negative
materiality 0.80
JAKKS Pacific FY net income $35.3M, Q4 loss $0.83; initiates $0.25 quarterly dividend; execs extended
JAKKS PACIFIC INC
2024-FY EPS reported
$3.14
revenue$691,042,000
- Q4 net sales $130.7M (+3% YoY); net loss $9.1M ($0.83/diluted) vs prior loss $11.3M ($1.12).
- Full-year net sales $691.0M (-3% YoY); net income $35.3M vs $36.9M; adjusted EBITDA $59.3M vs $75.7M.
- Board initiates $0.25/quarter dividend payable March 31, 2025 to record March 3, 2025; annualized $1.00/share.
- CEO Berman and CFO Kimble employment extended to March 2029; performance RSUs vest at stock price $45-$60.
- Year-end cash $70.1M, debt-free; used $20M in March 2024 to eliminate preferred stock.