Core Insights - JAKKS Pacific, Inc. will announce its second quarter and first half 2025 financial results on July 24, 2025, after the market closes [1] - A teleconference and webcast will be held to discuss the results, along with potential future plans and prospects [1] Financial Announcement Details - The teleconference is scheduled for 5:00 p.m. ET / 2:00 p.m. PT on July 24, 2025 [2] - A live webcast will be available on the company's "Investor Relations" page [2] - Participants are encouraged to join the call ten minutes early to avoid delays [2] Company Overview - JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [3] - The company offers popular proprietary brands and a range of entertainment-inspired products featuring licensed properties [3] - JAKKS aims to positively impact children's lives through its products and charitable donations [3]

Core Viewpoint - JAKKS Pacific, Inc. has successfully refinanced its existing credit facility, securing a new $70 million cash flow-based revolving credit facility with BMO Bank NA, which will enhance liquidity and support the company's growth strategy [1][2][3]. Group 1: Credit Facility Details - The new credit facility replaces the previous $67.5 million revolving credit facility that was set to mature in June 2026 [2]. - The interest rate for the new facility is set at the Secured Overnight Financing Rate (SOFR) plus 150 basis points, with potential adjustments based on the company's net leverage ratio [2]. - This facility is secured by substantially all of the company's assets and can be utilized for working capital, capital expenditures, and other general corporate purposes [2]. Group 2: Management Commentary - The Chief Financial Officer of JAKKS Pacific highlighted that the new credit agreement offers improved covenants and increased liquidity, which is crucial given the seasonality of the business [3]. - The refinancing is expected to bolster the company's momentum in enhancing margins, cash flow, and EBITDA, ultimately driving shareholder value [3]. - The CFO expressed appreciation for the bank's support and confidence in the company's performance, emphasizing the flexibility the new facility provides to seize growth opportunities in a challenging economic environment [3]. Group 3: Company Overview - JAKKS Pacific, Inc. is a prominent designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [4]. - The company offers a variety of proprietary brands and entertainment-inspired products, contributing positively to children's lives through its products and charitable efforts [4].

Core Viewpoint - JAKKS Pacific, Inc. reported a strong financial performance for Q1 2025, with net sales increasing by 26% year-over-year, driven by consumer demand and successful product launches, while also declaring a quarterly dividend of $0.25 per share [1][6][9]. Financial Performance - Net sales for Q1 2025 were $113.3 million, up from $90.1 million in Q1 2024, representing a 26% increase [7][9]. - The Toys/Consumer Products segment saw a 30% increase in sales globally, totaling $107.4 million, while the Costumes segment experienced a 19% decline to $5.8 million [7][30]. - North American sales rose to $92.2 million from $73.8 million, and international sales increased to $21.0 million from $16.3 million, with Europe showing over 100% growth [7][30]. Profitability Metrics - Gross profit for Q1 2025 was $39.0 million, an increase of $17.9 million compared to $21.1 million in Q1 2024, with a gross margin of 34.4%, up from 23.4% [9][24]. - The operating loss improved to $3.8 million from a loss of $21.3 million in Q1 2024 [9][24]. - Adjusted net loss attributable to common stockholders was $0.4 million (or $0.03 per share), significantly better than the adjusted net loss of $11.3 million (or $1.09 per share) in Q1 2024 [9][28]. Balance Sheet and Cash Position - Cash and cash equivalents totaled $59.4 million as of March 31, 2025, compared to $35.5 million a year earlier [8][19]. - The company eliminated all long-term debt in 2023 and repurchased preferred stock, resulting in a strong balance sheet [4][6]. Strategic Outlook - Management expressed confidence in the company's ability to navigate market challenges, highlighting growth opportunities in Europe and Latin America [5][6]. - The company is focused on maintaining a strong liquidity position and a prudent capital structure to support future investments [4][6]. Dividend Declaration - The Board of Directors declared a quarterly dividend of $0.25 per share, payable on June 27, 2025, to shareholders of record on May 30, 2025 [6].