---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-003691"
form_type: "8-K"
ticker: "MAT"
cik: "0000063276"
company_name: "MATTEL INC /DE/"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:26:58.566836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mattel reports Q4 net sales up 16%, EPS $0.42; launches $200M cost-savings program; authorizes $1B buyback

## Summary
- Q4 net sales $1.621B (+16% as reported); reported EPS $0.42 vs $0.04 prior year; adjusted EPS $0.29 vs $0.18.
- Full year net sales flat at $5.441B; adjusted EPS $1.23 vs $1.25; guides 2024 adjusted EPS $1.35-$1.45.
- Launches Optimizing for Profitable Growth program targeting $200M annual cost savings by 2026, with $130-$170M total costs.
- Board elects Julius Genachowski (ex-FCC chair) and Dawn Ostroff (ex-Spotify content chief); two directors resigned.
- Board authorizes $1B share repurchase program; $203M repurchased in 2023.

## SEC filing metadata
- accession: 0001628280-24-003691
- form_type: 8-K
- ticker: MAT
- cik: 0000063276
- company_name: MATTEL INC /DE/
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/mat-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-003691
- JSON: https://secwatch.observer/filing/0001628280-24-003691.json
- Plain text: https://secwatch.observer/filing/0001628280-24-003691.txt

## Key facts
- Earnings Releases
  MATTEL INC /DE/ updated its fourth quarter and full year 2023 guidance (initiated).
  - Period: fourth quarter and full year 2023
  - Guidance: initiated
  - Result: reported results
  source text: On February 7, 2024, Mattel, Inc. ("Mattel" or the "Company") issued a press release regarding its fourth quarter and full year 2023 financial results, a copy of which is furnished as Exhibit 99.1 hereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm
- Executive change
  Julius Genachowski was elected as Director at MATTEL INC /DE/.
  - Action: elected
  - Role: Director
  source text: the Board of Directors (the “Board”) of the Company elected Julius Genachowski and Dawn Ostroff as new directors of Mattel
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm
- Executive change
  R. Todd Bradley resigned as Director at MATTEL INC /DE/.
  - Action: resigned
  - Role: Director
  source text: R. Todd Bradley and Ann Lewnes resigned from the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm
- Executive change
  Ann Lewnes resigned as Director at MATTEL INC /DE/.
  - Action: resigned
  - Role: Director
  source text: R. Todd Bradley and Ann Lewnes resigned from the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm
- Executive change
  Dawn Ostroff was elected as Director at MATTEL INC /DE/.
  - Action: elected
  - Role: Director
  source text: the Board of Directors (the “Board”) of the Company elected Julius Genachowski and Dawn Ostroff as new directors of Mattel
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm
- Restructurings & Charges
  MATTEL INC /DE/ announced a restructuring with charges of between $130 and $170 million affecting global supply chain, including its manufacturing footprint ($90 to $105 million).
  - Type: restructuring
  - Charge: between $130 and $170 million
  - Affected area: global supply chain, including its manufacturing footprint
  - Headcount: $90 to $105 million
  source text: with the Program, which are expected to be completed beginning 2024 through 2026, are $200 million. Mattel estimates the total cost associated with the Program will be between $130 and $170 million. Total expected cash expenditures under the program are expected to be between $130 and $165 million. The costs associated with the Program are expected to
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024003691/0001628280-24-003691-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.