Mattel, Inc. (MAT) Q1 2026 Earnings Call April 29, 2026 5:00 PM EDT
Company Participants
Jennifer Kettnich Ynon Kreiz – Executive Chairman & CEO Paul Ruh – Chief Financial Officer
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Conference Call Participants
Megan Christine Alexander – Morgan Stanley, Research Division Arpine Kocharyan – UBS Investment Bank, Research Division James Chartier – Monness, Crespi, Hardt & Co., Inc., Research Division Stephen Laszczyk – Goldman Sachs Group, Inc., Research Division Eric Handler – ROTH Capital Partners, LLC, Research Division Anthony Bonadio – Wells Fargo Securities, LLC, Research Division Kylie Cohu – Jefferies LLC, Research Division Gerrick Johnson – Seaport Research Partners Christopher Horvers – JPMorgan Chase & Co, Research Division James Hardiman – Citigroup Inc., Research Division
Presentation
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Operator
Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mattel, Inc. First Quarter 2026 Earnings Conference Call.
[Operator Instructions] I would now like to turn the call over to Jen Kettnich, Vice President and Head of Investor Relations for Mattel. Jen, please go ahead.
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Jennifer Kettnich
Thank you, operator, and good afternoon, everyone. Joining me today are Ynon Kreiz, Mattel’s Chairman and Chief Executive Officer; and Paul Ruh, Mattel’s Chief Financial Officer. This afternoon, we reported Mattel’s First Quarter 2026 financial results. We will begin today’s call with Ynon and Paul providing commentary on our results, after which, we will provide some time for questions.
Please note that during the question-and-answer session, we respectfully ask that you limit to one question and one follow-up so that we can get to as many analysts and questions as possible today.
Today’s discussion, earnings release and slide presentation may reference certain non-GAAP financial measures and key performance indicators, which are defined in the slide presentation and earnings release appendices. Please note that gross billings figures
OpenAI recently missed its own targets for new users and revenue, stumbles that have raised concern among some company leaders about whether it will be able to support its massive spending on data centers.
Chief Financial Officer Sarah Friar has told other company leaders that she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough, according to people familiar with the matter.
DENVER — Investigators in the Nancy Guthrie kidnapping case have uncovered potentially explosive new evidence that could dramatically shift the investigation and “light a fire on social media,” a former FBI agent familiar with the case told reporters Wednesday as the search for the 28-year-old mother of NBC rising star Savannah Guthrie intensifies.
Nancy Guthrie & Savannah Guthrie
The Boulder County Sheriff’s Office confirmed Tuesday night’s execution of a search warrant at a property in Longmont uncovered personal items belonging to Guthrie, including her fitness tracker still containing heart rate data from the morning of her March 12 abduction. Forensic teams also recovered DNA and fingerprints from an abandoned SUV near the Superior jogging trail that match a person of interest previously interviewed but not named publicly.
Retired FBI special agent Mark Lageman, who worked on high-profile abduction cases, reviewed details shared by law enforcement and described the new finds as potentially game-changing. “This kind of physical evidence linking a suspect to both the vehicle and the victim’s belongings would light a fire on social media if released,” Lageman said. “In today’s environment, one solid piece of forensics can generate millions of tips overnight.”
Nancy Guthrie, a popular local yoga instructor, vanished while jogging on a well-trafficked trail in Superior, Colorado. Witnesses reported seeing a dark SUV with tinted windows pull alongside her before she was pulled inside. Her phone was found discarded nearby, and her Apple Watch stopped transmitting shortly after the reported abduction.
Guthrie is the mother of Savannah Guthrie, the 10-year-old daughter who has appeared in several heartwarming segments on NBC’s “Today” show, where her mother occasionally contributed wellness content. The family connection has drawn national attention to the case, with Savannah’s public pleas for her mother’s safe return touching millions of viewers.
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Mark Guthrie, Nancy’s husband, appeared emotional at a Wednesday press briefing. “Every day without Nancy feels impossible,” he said. “Savannah asks about her mommy constantly. We’re holding onto hope that these new leads will bring her home to us.”
The case has generated intense online interest, with amateur sleuths and conspiracy theorists flooding platforms with speculation. Elizabeth Smart’s father, Ed Smart, publicly urged people to stop spreading unverified theories, saying they distract from real investigative work and hurt the family.
Over 200 tips have poured in since the abduction, and the FBI has joined the effort under federal kidnapping statutes. The $250,000 reward remains active, and community volunteers continue daily searches in surrounding foothills and open spaces.
The new evidence from the Longmont property includes clothing matching what Nancy wore the day she disappeared. Digital forensics teams are now examining seized devices for location data, communications or financial trails that could lead to her current whereabouts.
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Lageman, the ex-FBI agent, emphasized that while the evidence is promising, investigators must proceed carefully to preserve its value in court. “Social media can be a double-edged sword,” he noted. “It generates leads, but it can also compromise cases if sensitive details leak too early.”
Boulder County authorities have remained tight-lipped about the person of interest, only confirming he is a local man with prior law enforcement contact. No arrests have been made, and the investigation remains active and fluid.
The case has spotlighted safety concerns for women exercising outdoors in the Denver metro area. Local running groups have increased buddy systems and tracking app usage, while lawmakers discuss proposals for more trail cameras and rapid response protocols for missing adults.
Guthrie’s family and friends describe her as vibrant, community-oriented and deeply devoted to her children. Her sister Sarah has become a tireless advocate, appearing on national news programs to keep the story alive. “Nancy’s smile could light up any room,” she said. “We refuse to give up hope.”
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As the search enters its seventh week, the new forensic developments have injected fresh momentum. Aerial searches using drones, K-9 teams and expanded volunteer efforts continue daily. Psychologists working with the family note the emotional toll of prolonged uncertainty on both Mark and young Savannah.
The connection to NBC through Savannah has brought additional media scrutiny. Network executives have offered support to the family while respecting their privacy. Several “Today” show colleagues have shared public messages of encouragement.
For law enforcement, balancing transparency with investigative integrity remains challenging in the age of instant information. Officials plan another press briefing Thursday morning and continue urging anyone with information about the dark SUV or suspicious activity on the trails in early March to contact the dedicated tip line.
The Nancy Guthrie case has captured national attention not only because of the circumstances but also due to her strong community ties and the heartbreaking family element involving her young daughter. As potentially significant evidence emerges, hope for a positive resolution grows even as the reality of prolonged uncertainty weighs heavily on everyone involved.
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Community support remains overwhelming. GoFundMe campaigns have raised more than $450,000 for the family and reward fund. Yellow ribbons and posters of Nancy’s smiling face are still visible throughout the Denver area, serving as daily reminders of the missing mother.
As investigators pursue these latest leads, the public is once again asked to remain vigilant. In high-profile abduction cases, community eyes and ears often prove crucial in generating the final piece of the puzzle.
The coming days could prove pivotal. If the new evidence leads to a breakthrough, it may provide the answers the Guthrie family and the broader community have desperately sought since that March morning.
Mumbai: Vedanta‘s record profit will give it headroom to pay off more debt, invest in growth and continue rewarding shareholders in FY27, the company’s chief financial officer, Ajay Goel, told ET. “We are looking at debt coming down by another $1.75 billion in the current fiscal, and in that case, the leverage will come down to 0.65 times from 0.95 times currently, which again will be a new benchmark,” Goel said during an interaction with ET.
For the March quarter, the company’s consolidated profit stood at ₹9,352 crore, up 89% year-on-year. Revenue rose 29% YoY to ₹51,524 crore, while earnings before interest tax, depreciation and amortisation was ₹18,447 crore, up 59% YoY. All three were at a record high.
The company pared debt by nearly $1.5 billion in FY26, bringing it down to ₹53,254 crore by end-March, which also marked its most profitable quarter. It is setting aside ₹23,000 this year for capital expenditure, a more than 54% jump from the ₹14,918 crore it spent last year. On Wednesday, Vedanta announced a dividend of ₹34 per share. Vedanta’s demerger will be effective from May 1 and shares of the additional four companies are likely to list in the last fortnight of June. “Between May and the middle of June, we will work with multiple authorities and get four new companies,” Goel said. “We will also appoint the new management across five companies and board of directors.” While additional details for each of these companies will be announced in the next few days, Goel said the oil and gas business (Malco Energy) and Vedanta Iron and Steel are likely to be debt-free.
Shares of Waaree Energies tumbled as much as 9% to their day’s low of Rs 3,184 on the BSE on Thursday. The company reported its March quarter and FY26 numbers, along with multiple strategic and capacity expansion announcements.
For Q4 FY26, the company reported revenue of Rs 8,840.25 crore, marking a sharp 111.8% year-on-year rise. Profit after tax for the quarter stood at Rs 1,126.26 crore, reflecting a 74.76% increase from a year ago. Operating EBITDA came in at Rs 1,576.76 crore, up 70.91% YoY, with margins at 18.59%, it said in a regulatory filing.
On a full-year basis, total revenue from operations rose to Rs 26,536.77 crore, up 84% from Rs 14,444 crore in the previous financial year. Total EBITDA for FY26 came in at Rs 6,616.79 crore, exceeding the company’s guidance range of Rs 5,500 crore to Rs 6,000 crore.
Looking ahead, the company has guided for an operating EBITDA range of Rs 7,000 crore to Rs 7,700 crore for FY27. It said the focus remains on deepening value chain integration, scaling new growth areas and expanding into adjacent segments such as battery energy storage systems, inverters, transformers, transmission and distribution, and electrolysers for green hydrogen.
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Operationally, Waaree reported module production of 4.2 GW in Q4, taking FY26 production to a record 12.6 GW, supported by scale and efficiency gains.
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During the year, the company also completed the acquisition of a strategic stake in United Solar Holding Inc., a polysilicon player based in Oman. The move is aimed at securing a traceable supply chain and supporting global expansion, including in the U.S. The board approved a capital expenditure of Rs 3,900 crore for a 2,500 TPD glass manufacturing facility. In addition, construction has commenced on a 10 GW integrated ingot and wafer facility in Nagpur, involving an investment of Rs 6,200 crore, as part of efforts to strengthen upstream capabilities and improve supply chain self-reliance. The company also commissioned an additional 3 GW module capacity at Samakhiali in Gujarat.Waaree’s board also recommended a final dividend of Rs 2 per equity share, taking the total FY26 dividend to Rs 4 per share on a face value of Rs 10.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Dean Buntrock was happily selling life insurance in Boulder, Colo., in 1956 when the death of his father-in-law thrust him into a very different business: hauling garbage in Chicago.
Buntrock, who died April 17 at the age of 94, initially was inclined to sell the family trash business, known as Ace Scavenger Service, with its fleet of a dozen trucks, founded by Harm Huizenga, a Dutch immigrant, in 1893. After taking a closer look, Buntrock saw opportunity. He decided to keep the business and expand it by acquiring other mom-and-pop trash collectors. Soon he acquired a waste-handling business in Milwaukee.
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