earnings
confidence high
sentiment positive
materiality 0.85
Mattel Q4 net sales $1.795B (+10%), adj op income $264M; FY21 adj EPS $1.30; guides FY22 adj EPS $1.42-$1.48
MATTEL INC /DE/
2021-FY EPS reported
$2.53
revenue$5,457,741,000
- Q4 net sales $1,795M (+10% as reported, +11% CC); reported op income $257M (+$69M); adj op income $264M (+$64M).
- Full year net sales $5,458M (+19%); reported EPS $2.53 (incl $1.51 tax benefit); adj EPS $1.30 (+$0.76).
- 2022 guidance: adj EBITDA $1,100-$1,125M; adj EPS $1.42-$1.48; constant currency net sales growth +8%-10%.
- 2023 goals raised: high-single-digit revenue growth CC, adj op margin ~16%-17%, adj EPS >$1.90.
- Free cash flow $334M (+$167M); cash from ops $485M (+$200M); debt reduced; turnaround complete per CEO.