JAKKS Pacific(US:JAKK) Globenewswire·2025-02-20 21:05Core Insights - JAKKS Pacific, Inc. has initiated a quarterly cash dividend program of $0.25 per share, reflecting the company's positive financial outlook and debt-free status as it enters 2025 [4][5][6]. Financial Performance - For Q4 2024, net sales reached $130.7 million, a 3% increase year-over-year, while full-year sales totaled $691.0 million, down 3% from the previous year [9][21]. - The Toys/Consumer Products segment reported net sales of $118.2 million in Q4, a 1% decrease, while the Costumes segment saw a significant increase of 46% to $12.5 million [9][21]. - Gross margin improved to 27.2% in Q4, up 70 basis points from Q4 2023, and the full-year gross margin was 30.8%, down from 31.4% the previous year [9][21]. Operational Highlights - The company achieved a global FOB (freight on board) sales level of over 75% in 2024, a significant milestone not reached in many years [5]. - International sales outside North America increased by 25% in Q4, driven primarily by growth in Europe, although full-year international sales were down 1% [6][9]. Cash Flow and Balance Sheet - As of December 31, 2024, cash and cash equivalents totaled $70.1 million, a slight decrease from $72.6 million in 2023, despite utilizing $20 million for preferred stock elimination [7][9]. - The company reported an operating loss of $14.7 million in Q4 2024, an improvement from a loss of $15.3 million in Q4 2023 [9][21]. Future Outlook - The management expressed optimism about future growth, focusing on international expansion, partnerships with global licensors, and product line diversification [4][5].