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4-Traders Homepage  >  Equities  >  Nasdaq  >  Mattel    MAT

MATTEL (MAT)
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Delayed Quote. Delayed  - 05/25 10:00:00 pm
15.23 USD   +0.93%
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Mattel, Inc. : Mattel Issues Statement Regarding Ninth Circuit Court of Appeals Recent Decision

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01/24/2013 | 10:25pm CEST

Mattel today issued the following statement regarding Ninth Circuit Court of Appeals recent decision.

We are pleased that the Ninth Circuit Court of Appeals agreed with Mattel that the verdict and damages on MGA's toy fair claims must be reversed, and the claims must be dismissed by the District Court. The Ninth Circuit's decision vacates the district court's judgment awarding MGA approximately $172 million, consisting primarily of compensatory and punitive damages, for the claims MGA made arising out of conduct at toy fairs. Consistent with the Court's affirmance of the award of fees and costs against Mattel arising out of the separate copyright claims, Mattel has taken a reserve of $137.8 million with respect to the fourth quarter of 2012 to cover these fees and costs.

While MGA can in theory bring a new lawsuit based on its toy fair claims, we are confident that such a lawsuit will be barred by the statute of limitations. We look forward to the speedy and final resolution of this dispute, and will continue to focus our efforts on successfully competing in the marketplace.

About Mattel

Mattel, Inc. (NASDAQ:MAT) (www.mattel.com) is the worldwide leader in the design, manufacture and marketing of toys and family products. The Mattel family is comprised of such best-selling brands as Barbie®, the most popular fashion doll ever introduced, Hot Wheels®, Matchbox®, American Girl®, Radica® and Tyco R/C®, as well as Fisher-Price® brands, including Thomas & Friends®, Little People®, Power Wheels® and a wide array of entertainment-inspired toy lines. In 2013, Mattel was named as one of FORTUNE Magazine's "100 Best Companies to Work For" for the sixth year in a row. Mattel also is ranked among Corporate Responsibility Magazine's "100 Best Corporate Citizens." With worldwide headquarters in El Segundo, Calif., Mattel employs approximately 28,000 people in 43 countries and territories and sells products in more than 150 nations. At Mattel, we are Creating the Future of Play. Visit us at www.mattel.com, www.facebook.com/mattel or www.twitter.com/mattel

MAT-CORP

Mattel, Inc
News Media
Alan Hilowitz
310-252-6397
[email protected]
or
Securities Analysts
Drew Vollero
310-252-2703
[email protected]


© Business Wire 2013
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Financials ($)
Sales 2018 4 762 M
EBIT 2018 45,8 M
Net income 2018 -311 M
Debt 2018 2 393 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 44,65
EV / Sales 2018 1,60x
EV / Sales 2019 1,50x
Capitalization 5 239 M
Chart MATTEL
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Mattel Technical Analysis Chart | MAT | US5770811025 | 4-Traders
Technical analysis trends MATTEL
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 15,6 $
Spread / Average Target 2,3%
EPS Revisions
Managers
NameTitle
Ynon Kreiz Chairman & Chief Executive Officer
Richard L. Dickson President & Chief Operating Officer
Joseph J. Euteneuer Chief Financial Officer
Sven Gerjets Chief Technology Officer & Executive VP
Michael J. Dolan Lead Independent Director
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