SNMSF - Spin Master Corp. (SNMSF) Q4 2024 Earnings Call Transcript
2025-02-25 15:25:15 ET
Spin Master Corp. (SNMSF)
Q4 2024 Earnings Conference Call
February 25, 2025 09:30 AM ET
Company Participants
Sophia Bisoukis - VP, IR
Max Rangel - Global President and CEO
Mark Segal - CFO
Conference Call Participants
Brian Morrison - TD Cowen
Adam Shine - National Bank Financial
Martin Landry - Stifel
Drew McReynolds - RBC
Jaime Katz - Morningstar
Luke Hannan - Canaccord Genuity
David McFadgen - Cormark Securities
Kylie Cohu - Jefferies
Presentation
Operator
Good morning, ladies and gentlemen. And welcome to Spin Master's Financial Results Conference Call for the Fourth Quarter and Full Year 2024 Conference Call [Operator Instructions]. This call is being recorded on Tuesday, February 25, 2025.
I would now like to turn the conference over to Sophia Bisoukis. Please go ahead.
Sophia Bisoukis
Thank you, and good morning. Welcome to Spin Master's financial results conference call for the fourth quarter and full year 2024. I'm joined this morning by Max Rangel, Spin Master's Global President and CEO; and Mark Segal, Spin Master's Chief Financial Officer. For your convenience, the press release, MD&A and consolidated financial statements are available on the Investor Relations section of our Web site at spinmaster.com and on SEDAR+. Before we begin, please note that remarks on this conference call may contain forward-looking statements about Spin Master's current and future plans, expectations, intensions, results, level of activity, performance, goals or achievements and any other future events or developments. Forward-looking statements are based on information currently available to management and on estimates and assumptions made based on factors that management believes are appropriate and reasonable in the circumstances. However, there can be no assurance that certain estimates or assumptions will prove to be correct. Many factors could cause actual results to differ materially from those expected or implied by the forward-looking statements. As a result, Spin Master cannot guarantee any forward-looking statements will materialize and you are cautioned to not place undue reliance on these forward-looking statements. Except as may be required by law, Spin Master has no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. For additional information on these assumptions and risks, please consult our cautionary statements regarding forward-looking information in our earnings release dated February 24, 2025. And please note that Spin Master reports in US dollars and all other amounts today are expressed in US currency unless otherwise noted. I would like to turn the call over to Max.
Max Rangel
Thank you, and good morning. And thank all of you for joining us. Thanks to the collective efforts of our global team across three creative centers, we delivered several new milestones for the company in 2024, including achieving total revenue of $2.3 billion, an increase of 18.8%, including incremental revenue of $375 million from Melissa & Doug. Fourth quarter revenue was just under $650 million, an increase of 29%, including $130 million from Melissa & Doug. We were pleased with M&D's top line performance for 2024, which was in line with expectations. Our investment in M&D deepens our already strong presence in the key preschool toy category, extends our reach in childhood education and play and supports our vision to reimagine every day play. Integration of M&D is progressing well and we remain focused on revenue growth and cost synergies....
Spin Master Corp. (SNMSF) Q4 2024 Earnings Call Transcript