Earnings ·
Mattel reports Q3 EPS of $1.23, appoints Steve Totzke as President and COO
MATMattel Inc
Mattel reported third-quarter net income of $354 million, or $1.23 per share, up from $0.88 a year ago, driven by higher gross margins that benefited from $88 million in tariff refunds. Net sales rose 4% to $1,807 million. The company also announced the appointment of Steve Totzke as President and Chief Operating Officer, effective November 11, 2026, succeeding Roberto Stanichi who stepped down. Totzke will receive a base salary of $1.3 million plus significant equity and bonus incentives. Mattel operates in the global toy and family entertainment industry.