http://www.morningstar.com/earnings/48153823-hasbro-inc-has-q4-2012.aspx

Hasbro Inc HAS
Q4 2012 Earnings Call Transcript

Transcript Call Date 02/07/2013

Operator: Good evening, and welcome to the Hasbro Fourth Quarter and Full-Year 2012 Earnings Conference Call. At this time, all parties will be in a listen-only mode. A brief question-and-answer session will follow the formal presentation. Today's conference is being recorded. If you have any objections, you may disconnect at this time.

At this time, I'd like to turn the call over to Ms. Debbie Hancock, Vice President of Investor Relations. Please go ahead.

Debbie Hancock - IR: Thank you and good afternoon everyone. Our fourth quarter and full-year earnings release was issued this afternoon and is available on our website. Additionally, also available on our website are presentation slides containing information covered in today's earnings release and call. The press release and presentation include information regarding non-GAAP financial measures included in today's call. Please note that whenever we discuss earnings per share or EPS, we are referring to earnings per diluted share.

This afternoon Brian Goldner, Hasbro's President and Chief Executive Officer; and Deb Thomas, Hasbro's Chief Financial Officer, will review our third quarter financial results and discuss important factors impacting our performance. Following their statements, David Hargreaves, Hasbro's Executive Vice President of Corporate Strategy and Business Development, will join Brian and Deb to field your questions.

Before we begin, please note that during this call and the question-and-answer session that follows, members of Hasbro's management may make forward-looking statements concerning management's expectations, goals, objectives and similar matters. These forward-looking statements may include comments concerning our product and entertainment plans, anticipated product performance, business opportunities, plans and strategies, costs, financial goals and expectations for our future financial performance.

There are many factors that could cause actual results or events to differ materially from the anticipated results or other expectations expressed in these forward-looking statements. Some of those factors are set forth in our Annual Report on Form 10-K, our most recent 10-Q and today's press release and in our other public disclosures. You should review such factors together with any forward-looking statements made on today's call. We undertake no obligation to update any forward-looking statements made today to reflect events or circumstances occurring after the date of this call.

Now, I would like to introduce Brian Goldner. Brian?

Brian D. Goldner - President and CEO: Thank you, Debbie. Good afternoon, everyone, and thank you for joining us today. In 2012 Hasbro made significant strides toward accomplishing many objectives we set and communicated for the Company. Specifically we grew 2012 EPS to $2.81 versus $2.74 per share in 2011 including a $0.10 negative impact of foreign exchange; this excludes restructuring charges in both years and a tax benefit in 2011.

We returned the U.S. and Canada segment to historical operating profit margins despite lower revenues in the year. In turn overall operating profit margins for Hasbro increased to 14.7% before charges we leveraged our international investments growing our emerging market revenue 16%, these are markets in which we have significantly invested over the past several years importantly we delivered better than breakeven profit for all major emerging market outside of China one year ahead of plan.

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