Correction: Spin Master Reports Narrower Than Expected Adjusted Net Loss in Q1; But Reiterates FY26 Outlook

-- (Correcting headline and first paragraph to show it reported a narrower than expected adjusted net loss in the first quarter, despite lowered revenues)

Spin Master (TOY.TO) reported a narrower than expected adjusted net loss in the first quarter, despite lowered revenues, while it reiterated its 2026 full year outlook.

For the first quarter, adjusted net loss was US$24.1 million or adjusted basic and diluted loss of US$0.24 per share compared to adjusted net loss of US$12 million or adjusted basic and diluted loss of US$0.12 per share in the corresponding year-ago quarter. The consensus estimates compiled by FactSet was US$0.30 loss per share.

First quarter revenue was US$328.5 million, compared to US$359.3 million in the year-ago quarter.

Subsequent to March 31, 2026, the company declared a dividend of C$0.12 per outstanding subordinate voting share and multiple voting share, unchanged from the prior quarter. It is payable on July 10, 2026 to shareholders of record at the close of business on June 26, 2026, it added.

The company also reiterated its 2026 full year outlook. It continues to expect 2026 full year revenue to have "stable to low single digit percentage growth" compared to 2025, and adjusted EBITDA to have "mid to high single digit percentage growth" compared to 2025.

"We delivered a solid start to the year, a direct result of our disciplined execution against our core strategic priorities," said Christina Miller, Chief Executive Officer. "Our focus on product innovation, the expansion of evergreen properties like Monster Jam, and the stabilization of Melissa & Doug is yielding positive results. We are strategically managing our portfolio by investing in our creative capabilities, reimagining how fans engage with our brands in both the physical and digital worlds, and expanding our audiences -- laying the groundwork for future growth."

"We delivered a significant increase in cash generation through disciplined cost and working capital management, which offset an anticipated decline in revenues due to the pull forward of import orders in the U.S. last year ahead of tariffs," said CFo Jonathan Roiter. "In the current environment, we balanced our capital allocation to growth investments, dividends and share buybacks, as well as significant debt reduction."

Shares in TOY were down near 2.2% in Canada yesterday.

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Hubbell Q1 Adjusted Earnings, Net Sales Increase

Hubbell (HUBB) reported Q1 adjusted earnings Thursday of $3.93 per diluted share, up from $3.38 a year earlier.Analysts surveyed by FactSet expected $3.87.Net sales for the quarter ended March 31 were $1.52 billion, up from $1.37 billion a year earlier.Analysts surveyed by FactSet expected $1.50 billion.For 2026, the company said it expects adjusted EPS of $19.30 to $19.85. Analysts polled by FactSet expect $19.71.Shares of the company fell 7% in recent premarket activity.Price: $507.60, Change: $-38.33, Percent Change: -7.02%

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