Earnings Call Summary | SPIN MASTER CORP(SNMSF.US) Q1 2024 Earnings Conference
Earnings Call Summary | SPIN MASTER CORP(SNMSF.US) Q1 2024 Earnings Conference
The following is a summary of the Spin Master Corp. (SNMSF) Q1 2024 Earnings Call Transcript:
以下是Spin Master Corp.（SNMSF）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Spin Master's total Q1 revenue increased by 16.5%, in great part due to the Melissa & Doug addition. Excluding the same, there was a slight increase of 1.6%. The company's gross profit was $156.5 million, down by $2 million, but the adjusted gross profit was reported to be $177.1 million.
Revenue growth were noted in several segments like Preschool; infant and toddler; plush; activities; games and puzzles; dolls and interactive segments etc. However, slight declines were also reported in Wheels, action and the outdoor segment.
The Q1 adjusted EBITDA was reported to be $18.6 million, contrast to $30.6 million in Q1 of the previous year.
The cash balance at the end of Q1 was reported to be $205.5 million. The company has managed to improve its free cash flow situation considerably and repurchased 600,000 shares as part of the NCIB approved on March 4, 2024.
Spin Master第一季度的總收入增長了16.5％，這在很大程度上要歸功於梅利莎和道格的加入。除此以外，略有增長1.6％。該公司的毛利潤爲1.565億美元，下降了200萬美元，但據報道，調整後的毛利爲1.771億美元。
學前班、嬰幼兒、毛絨玩具、活動、遊戲和拼圖、玩偶和互動板塊等多個細分市場的收入均出現增長。但是，Wheels、動作和戶外板塊也出現了小幅下降。
據報道，第一季度調整後的息稅折舊攤銷前利潤爲1,860萬美元，而去年第一季度爲3,060萬美元。
據報道，第一季度末的現金餘額爲2.055億美元。作爲2024年3月4日批准的NCIB的一部分，該公司設法大幅改善了其自由現金流狀況，並回購了60萬股股票。
Business Progress:
業務進展：
Spin Master has numerous important initiatives lined up, including the release of a PAW Patrol feature film in July 2026 and a Gabby's Dollhouse film in September 2025, along with a toy line launch in collaboration with Ms. Rachel in Fall 2024.
Successful Q1 product launches like Burrow Bunny, Dentist Set, and Scoop and Serve Ice Cream have driven sales. They are expecting high revenue from new product launches in Q3/Q4.
Spin Master is laying further ground for the expansion of Melissa & Doug's business abroad in 2025.
The successful launches and performances of in-house products like Unicorn Academy, Vida the Vet, Hatchimals, Puny Rooms, and Monster Jam will see major innovations rolled out in the following months, which the company is keenly focused on.
Spin Master已經制定了許多重要的舉措，包括2026年7月發行的PAW Patrol故事片和2025年9月發行的Gabby's Dollhouse電影，以及與瑞秋女士合作於2024年秋季推出的玩具系列。
第一季度成功推出的 Burrow Bunny、Dentist Set 和 Scoop and Serve Ice Cream 等產品推動了銷售。他們預計第三季度/第四季度新產品發佈將帶來高收入。
Spin Master正在爲2025年將梅利莎和道格的業務擴展到國外進一步奠定基礎。
Unicorn Academy、Vida the Vet、Hatchimals、Puny Rooms和Monster Jam等內部產品的成功推出和上市，將在接下來的幾個月中推出該公司非常關注的重大創新。
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譯文內容由第三人軟體翻譯。