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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today announced the appointment of Paul Ruh as Chief Financial Officer, effective May 19, 2025. Ruh succeeds Mattel's current CFO Anthony DiSilvestro, who announced his retirement in January. DiSilvestro will continue to serve as an advisor to the company through August 15, 2025, to ensure a seamless transition of responsibilities. Ruh will report to Ynon Kreiz, Chairman and Chief Executive Officer of Mattel. Kreiz said: “Paul brin.
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Shares of Mattel (MAT 2.96%) were moving higher today after the toymaker reported better-than-expected results in its first-quarter earnings report.
Mattel (MAT) reported better-than-expected first quarter sales and reaffirmed its $600 million share buyback target. The toy company reported revenue of $826.6 million (vs.
Toy company Mattel Inc MAT beat analyst estimates for first-quarter revenue and earnings per share Monday.
Mattel CEO Ynon Kreiz says it is cheaper to manufacture toys outside the U.S. even with Trump's tariffs in place.
Mattel, Inc (NASDAQ:MAT) said it plans to raise prices on toys sold in the US as the company scrambles to offset the potential impact of tariffs, even as it delivered stronger-than-expected first-quarter results. The maker of Barbie dolls and Hot Wheels scrapped its full-year forecast, citing uncertainty over US trade policy under the Trump administration and its potential effects on consumer spending.
MAT's first-quarter 2025 results are aided by robust sales in North America.
Mattel CEO Ynon Kreiz told CNBC he does not foresee toy manufacturing coming to America. Instead, the company expects to raise prices in the U.S. to offset President Donald Trump's 145% tariff on Chinese imports.