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BRIEF-Spin Master Reports Q4 And Full Year 2018 Financial Results

Published 2019-03-06, 05:06 p/m
© Reuters.  BRIEF-Spin Master Reports Q4 And Full Year 2018 Financial Results
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March 6 (Reuters) - Spin Master Corp TOY.TO :

* SPIN MASTER REPORTS Q4 AND FULL YEAR 2018 FINANCIAL RESULTS

* Q4 EARNINGS PER SHARE $0.11

* QTRLY REVENUE OF US$414.3 MILLION DECREASED 6.0% FROM US$440.9 MILLION

* Q4 ADJUSTED EARNINGS PER SHARE $0.06

* EXPECTS TO GROW 2019 ORGANIC GROSS PRODUCT SALES IN LOW SINGLE DIGIT RANGE RELATIVE TO 2018

* SEASONALITY OF GROSS PRODUCT SALES FOR 2019 IS EXPECTED TO BE APPROXIMATELY 30%-33% IN H1

* SPIN MASTER - "Q1 2019 WILL BE PARTICULARLY CHALLENGED AS A RESULT OF ABSENCE OF TOYS R US IN Q1 2019 COMPARED TO Q1 2018 AND LATER TIMING OF EASTER"

* EXPECTS TO DELIVER ADJUSTED EBITDA MARGIN FOR FULL YEAR 2019, IN LINE WITH 2018

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