Mattel (MAT) Stock Gains 9% on Q4 Beat and Raise
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Mattel Reports Fourth Quarter and Full Year 2021 Financial Results
February 9, 2022 4:05 PM ESTFourth Quarter 2021 Highlights Versus Prior Year
Net Sales of $1,795 million, up 10% as reported, and 11% in constant currency Reported Operating Income of $257 million, an increase of $69 million; Adjusted Operating Income of $264 million, an increase of $64 million Reported Net Income of $226 million, an increase of $97 million, which includes a non-cash benefit of $49 million resulting from the release of valuation allowances on certain deferred tax assets Adjusted EBITDA of $321 million, an increase of $48 millionFull Year 2021 Highlights Versus Prior Year
Net Sales of $5,458 million, up 19% as... More