Marvel Reports Q3 and Nine Months EPS of $0.26 and $1.20

For those of you interested in the financial end of the comic book industry, Marvel has released a report about their earnings this quarter. It is very long.

Reflecting a lower level of feature film activity and related licensing
compared to the year-ago period, Marvel reported Q3 2009 net sales of
5.7 million and net income of .4 million, or {field_Content_7}.26 per diluted
share, compared to net sales of 2.5 million and net income of .6
million, or {field_Content_7}.64 per diluted share, in Q3 2008. The anticipated
year-over-year decline in net sales and net income principally reflects
approximately million in lower film revenues in Q3 2009 compared to
the prior year period, as well as lower licensing segment net sales
related to last year’s Iron Man and The Incredible Hulk feature
films as well as the Spider-Man merchandising joint venture.


Marvel Entertainment, Inc.

Segment Net Sales and Operating Income (Unaudited)

(in millions)

        Three Months

Ended September 30,

2009 2008

  Nine Months

Ended September 30,

2009 2008



Net Sales

  $ 48.9     $ 58.1     $ 181.5     $ 237.5  



Operating Income

    37.5       42.5       130.5       205.4  



Net Sales

    32.0       34.0       89.5       92.3  



Operating Income

    10.2       12.7       28.2       34.3  

Film Production:


Net Sales

    24.8       90.2       147.9       119.1  



Operating (Loss) Income

    (2.3 )     40.4       25.0       40.6  

All Other:


Net Sales

          0.2             3.0  



Operating (Loss)

    (8.8 )     (7.4 )     (20.9 )     (19.4 )
TOTAL NET SALES   $ 105.7     $ 182.5     $ 418.9     $ 451.9  
TOTAL OPERATING INCOME   $ 36.6     $ 88.2     $ 162.8     $ 260.9  

Marvel’s Chairman, Morton Handel, commented, “Despite the absence of any
Marvel Studios feature film releases in 2009, Marvel continued to
deliver solid operating performance across all our operating segments.
Anticipation for the high profile Iron Man 2 feature film
continues to build, and we are focusing our efforts on the film’s May
2010 release and the related licensing opportunities. At the same time,
we are making solid progress on the development and pre-production of
our Thor, The First Avenger: Captain America and The
feature film projects.

“On August 31, 2009, The Walt Disney Company and Marvel agreed, subject
to Marvel shareholder approval and other customary closing conditions,
that Disney will acquire Marvel in a stock and cash transaction. Disney
is the ideal home to nurture and further develop the distinctive Marvel
brands because of its ability to extend the breadth, diversity and
global reach of Marvel-branded entertainment and consumer products. We
continue to expect this transaction will close by calendar year end.”


To read the full seven page PDF, go to Marvel’s Corporate Site.

Syndicated from The Outhouse – Comic Community Run By Fanboys, For Fanboys
Posted originally: 2009-11-05 08:56:59

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