April 21, 2004 |
Toy company Jakks Pacific Inc. said Tuesday that its first-quarter earnings fell 27% as expenses related to a customer's bankruptcy and other charges offset a 9% increase in sales. Malibu-based Jakks reported net income of $4.43 million, or 17 cents a share, compared with $5.96 million, or 24 cents, a year ago. Sales climbed to $73.9 million. Excluding one-time items, earnings rose 15% to $6 million, or 23 cents a share, from $5.2 million, or 21 cents, last year.
September 24, 1999 |
Jakks Pacific Inc., the Malibu-based maker of action figures and other toys, on Thursday agreed to buy closely held Colorbok Paper Products Inc.'s Flying Colors unit for about $34.5 million in cash as part of a plan to expand its line of toys.
December 4, 2002 |
Jakks Pacific Inc., the Malibu-based maker of World Wrestling Entertainment figures and Pentech pens, said Tuesday that it had acquired the water guns, play sets and other assets of privately held Trendmasters toys. Terms of the deal were not disclosed. Toy industry experts, however, said the financially troubled Trendmasters had a number of suitors and probably sold for about $25 million.
February 23, 2005 |
Malibu toy maker Jakks Pacific Inc. said Tuesday that net income grew almost sixfold on strong sales of its TV Games, Care Bear and Cabbage Patch products. However, uncertainty over a pending lawsuit by World Wrestling Entertainment Inc. and a request by the Securities and Exchange Commission to restate its 2002 and 2003 earnings cast a pall over the quarter's results. Shares of Jakks, which had risen as high as $23 early in the day, closed up 17 cents to $20.98 on Nasdaq.
July 23, 2003 |
Toy maker Jakks Pacific Inc. stunned investors Tuesday with dramatically lower-than-expected profit in the second quarter, prompting an analysts' free-for-all on a conference call with company executives. One analyst called the quarter a "train wreck." Another said, "I think train wreck is putting it mildly."
July 22, 2000 |
A 5-month-old El Paso girl choked to death on a plastic musical caterpillar toy, prompting a recall by the manufacturer, a division of Malibu-based toy maker Jakks Pacific Inc., the Consumer Product Safety Commission said Friday. Toys made by Fisher-Price, a division of El Segundo-based Mattel Inc., and Shelcore Inc., a Somerset, N.J., firm, also were recalled after parents reported injuries to their children, the federal regulatory agency in Washington said.
July 31, 2003 |
The top two executives at Jakks Pacific Inc., under fire from Wall Street analysts over their pay and the company's performance, received salary increases this year of 14% and 17.5%, according to a regulatory filing Wednesday. The raises, which exceeded the Malibu-based toy maker's 2002 profit and stock performance, came after a tough year for shareholders. The company's earnings per share fell 5.
October 19, 2001 |
Mattel Inc. and Jakks Pacific Inc. on Thursday reported better-than-expected quarterly earnings, bucking a depressed retail environment that worsened following the Sept. 11 terrorist attacks. The two Southland-based toy companies' relative strength supports a long-held toy industry truism: When Americans cut spending in response to a rocky economic climate, they will continue to buy for their children.