Every material Form 8-K Mattel filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Mattel issued $600 million of 5.000% senior unsecured notes maturing November 17, 2030, on November 17, 2025. The company used the net proceeds, together with cash on hand, to redeem all $600.0 million of its outstanding 3.375% Senior Notes due 2026, so the filing swaps one debt issue for another rather than adding a new amount of borrowing.
Notes: $600 million principal, 5.000% coupon, interest paid semi-annually on May 17 and November 17, first payment May 17, 2026
Proceeds, with cash on hand, used to redeem all $600.0 million of 3.375% Senior Notes due 2026 on the same day
Optional redemption before October 17, 2030 at 100% of principal plus make-whole premium; holders can require repurchase at 101% on a Change of Control Triggering Event
Mattel agreed on November 5, 2025 to sell $600 million of 5.000% senior notes maturing November 17, 2030, with closing expected on or about November 17, 2025. The company plans to use the proceeds, together with cash on hand, to redeem all of its outstanding 3.375% senior notes due 2026 and pay related fees, which refinances existing debt rather than adding a stated new use of funds.
$600 million aggregate principal of 5.000% senior notes due November 17, 2030, sold through an underwriting agreement dated November 5, 2025
Expected closing on or about November 17, 2025, subject to customary closing conditions
Proceeds plus cash on hand will redeem all outstanding 3.375% senior notes due 2026 and pay related fees and expenses
Offering made under a Form S-3 shelf registration that became automatically effective on October 30, 2025; underwriters are BofA Securities, Citigroup, Wells Fargo Securities and Goldman Sachs & Co. LLC
Mattel reported third quarter 2025 results with net sales of $1,736 million, down 6% as reported, and diluted EPS of $0.88 versus $1.09 a year earlier. Management reiterated its full year 2025 guidance and its $600 million share repurchase target, citing industry-wide shifts in US retailer ordering patterns that weighed on the quarter.
Net sales $1,736 million, down 6% as reported and 7% in constant currency; North America down 12%
Net income $278 million, down $94 million; diluted EPS $0.88 versus $1.09; adjusted EPS $0.89 versus $1.14
Operating income $380 million, down $108 million; gross margin 50.0% versus 53.1%
Full year 2025 guidance reiterated, including adjusted EPS of $1.54 to $1.66; $202 million repurchased in the quarter, $412 million year to date
Mattel reported second-quarter 2025 net sales of $1,019 million, down 6%, with GAAP earnings per share of $0.16 versus $0.17 a year earlier and adjusted EPS flat at $0.19. The company lowered its full-year 2025 adjusted EPS guidance to $1.54 to $1.66 from $1.66 to $1.72, and cut its free cash flow outlook to about $500 million from about $600 million, while reaffirming a $600 million share repurchase target.
Q2 net sales of $1,019 million, down 6% as reported and in constant currency; North America fell 16% and International rose 7%
Q2 GAAP net income of $53 million, down $4 million; GAAP diluted EPS $0.16 vs. $0.17
Full-year 2025 adjusted EPS guidance cut to $1.54 to $1.66 from $1.66 to $1.72; adjusted operating income guidance lowered to $700 million to $750 million from $740 million to $765 million
Company repurchased $50 million of shares in Q2 and $210 million in the first half; $600 million 2025 repurchase target reaffirmed
Mattel appointed Paul Ruh as chief financial officer effective May 19, 2025, succeeding Anthony DiSilvestro, who announced his retirement in January. DiSilvestro will advise the company through August 15, 2025, to support the transition. Ruh previously served as CFO of Kenvue Inc. since May 2023 and will oversee Mattel's global finance organization and global technology organization.
Paul Ruh, age 58, becomes CFO effective May 19, 2025, reporting to Chairman and CEO Ynon Kreiz
Ruh's offer includes a $950,000 base salary, a 2025 target bonus of 100% of base salary (maximum 200%), and a $3,800,000 new-hire make-whole stock grant
Ruh will receive a $100,000 signing bonus and a 2025 target annual stock grant value of $2,825,000
Anthony DiSilvestro will serve as an advisor through August 15, 2025
Mattel reported first quarter 2025 net sales of $827 million, up 2% as reported, while its net loss widened to $40 million, an increase of $12 million from the prior year. The company paused its full-year 2025 guidance because of the volatile macro-economic environment and the evolving U.S. tariff situation, and it kept its $600 million share repurchase target for 2025, which matters to shareholders because no full-year outlook is currently provided.
Net sales were $827 million, up 2% as reported and 4% in constant currency.
Net loss was $40 million, or $0.12 per share, compared with a loss of $0.08 per share a year earlier; adjusted loss per share was $0.03 versus $0.05.
Mattel repurchased $160 million of shares in the quarter and maintained its $600 million share repurchase target for 2025.
Full-year 2025 guidance is paused until Mattel has sufficient visibility.
Mattel reported fourth quarter and full year 2024 results on February 4, 2025. Fourth quarter net sales rose 2% to $1,646 million, while full year net sales fell 1% to $5,380 million, and full year reported EPS rose to $1.58 from $0.60. The company also set 2025 guidance for adjusted EPS of $1.66 to $1.72 and a plan to repurchase $600 million of shares.
Q4 2024 net sales were $1,646 million, up 2% as reported; Q4 adjusted EPS was $0.35 versus $0.29 a year earlier
Full year 2024 net income was $542 million, an improvement of $327 million; reported EPS was $1.58 versus $0.60
2025 guidance calls for adjusted operating income of $740 million to $765 million and free cash flow of approximately $600 million
Mattel repurchased $400 million of shares in 2024 and targets $600 million of share repurchases in 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Mattel filing is on SEC EDGAR ↗. 8-K briefs of other companies →