Statement Of Thanking Mattel, Inc.

1145 Words Nov 28th, 2014 5 Pages
I would like to begin by thanking Mattel for the opportunity to present our research results. The opportunity has not been taken lightly and we are certain you will be satisfied with our research findings. I would like to start by analyzing the numbers.
Mattel, Inc. (NYSC:MAT) announced that its board of directors declared a fourth quarter cash dividend of $0.38 per share on the company 's common stock. (Mattel inc, 2014) The dividend will be payable on December 12, 2014 to stockholders of record on November 26, 2014. The dividend is the final of four quarterly dividends the company will have paid this year, reflecting an annualized dividend of $1.52 per share, which represents a 6% increase to the previous year’s dividends.
The company announced unaudited consolidated financial results for the third quarter and ending September 30, 2014. (Mattel inc, 2014) For the quarter, the company reported net sales of $2,021.4 million compared to $2,207.0 million the year prior. Operating income was $409.5 million comparing to $528.2 million a year ago. Income before income taxes was $394.2 million against $514.3 million a year ago. Net income was $331.8 million, or $0.97 per diluted share against $422.8 million, or $1.21 per diluted share a year ago. (Mattel inc, 2014) For the same nine month period, Mattel reported net sales of $4,029.9 million down from $4,371.7 million a year ago. Operating income was $416.7 million compared to $688.8 million a year ago. Income before income…

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