Pixar Reports Third Quarter Financial Results
EMERYVILLE, CA - (November 11, 2004) Pixar Animation Studios (Nasdaq: PIXR) today announced financial results for its fiscal third quarter ended October 2, 2004. For the quarter, Pixar earned $22.4 million, or $0.38 per diluted share on revenues of $44.5 million. These results compare to earnings of $13.2 million, or $0.23 per diluted share on revenues of $30.2 million, achieved in the year-ago quarter.
For the nine months ended October 2, 2004, Pixar earned $86.5 million, or $1.46 per fully diluted share on revenues of $164.6 million. This compares to earnings of $40.9 million, or $0.72 per fully diluted share on revenues of $97.7 million for the nine months ended September 27, 2003.
"The Incredibles came out of the gate very strong and is on its way to becoming our sixth blockbuster," said Pixar CEO Steve Jobs, "Pixar is now six for six, and we're hard at work on Cars, our studio's seventh feature film."
The company will discuss its third quarter 2004 earnings results and fiscal year 2004 business outlook during the conference call to be held today, Thursday, November 11, 2004, at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time. The call, hosted by Pixar's Chairman and Chief Executive Officer, Steve Jobs, and Executive Vice President and Chief Financial Officer, Simon Bax, can be accessed by dialing 888-276-0006 (U.S.) or 612-288-0318 (Int'l) approximately 10 minutes prior to the start time. Additionally, a replay of the call will be provided through Thursday, November 18, 2004 until midnight EST. To access the replay, please call 800-475-6701 (U.S.) or 320-365-3844 (Int'l) and reference the reservation code: 750152.
Pixar will also provide live audio streaming of its third quarter 2004 results conference call. The webcast will be accessible through Pixar's web site at http://www.pixar.com/investor/index.html.
About Pixar Animation Studios
Pixar Animation Studios (Nasdaq: PIXR, http://www.pixar.com) combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created and produced six of the most successful and beloved animated films of all time: Academy Award(R)-winning Toy Story (1995); A Bug's Life (1998); Golden Globe-winning Toy Story 2 (1999); the Academy Award(R)-winning Monsters, Inc. (2001); the Academy Award(R)-winning Finding Nemo (2003); and The Incredibles, released domestically on November 5, 2004. Pixar's six films have earned $2.7 billion at the worldwide box office to date. The Northern California studio's next release is Cars (holiday 2005).
This release contains forward-looking information regarding Pixar's targeted release date for Pixar's next film and actual results may differ materially. Factors that could cause delays in the release of the film include, but are not limited to: (1) the uncertainties related to production delays; (2) financing requirements; (3) personnel availability; (4) external socioeconomic and political events; and (5) the release dates of competitive films or other marketing or distribution factors. Please refer to Pixar's 2003 Form 10-K and Second Quarter 2004 Form 10-Q, particularly the sections on risks, for important factors that could cause actual results to differ.
For the nine months ended October 2, 2004, Pixar earned $86.5 million, or $1.46 per fully diluted share on revenues of $164.6 million. This compares to earnings of $40.9 million, or $0.72 per fully diluted share on revenues of $97.7 million for the nine months ended September 27, 2003.
"The Incredibles came out of the gate very strong and is on its way to becoming our sixth blockbuster," said Pixar CEO Steve Jobs, "Pixar is now six for six, and we're hard at work on Cars, our studio's seventh feature film."
The company will discuss its third quarter 2004 earnings results and fiscal year 2004 business outlook during the conference call to be held today, Thursday, November 11, 2004, at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time. The call, hosted by Pixar's Chairman and Chief Executive Officer, Steve Jobs, and Executive Vice President and Chief Financial Officer, Simon Bax, can be accessed by dialing 888-276-0006 (U.S.) or 612-288-0318 (Int'l) approximately 10 minutes prior to the start time. Additionally, a replay of the call will be provided through Thursday, November 18, 2004 until midnight EST. To access the replay, please call 800-475-6701 (U.S.) or 320-365-3844 (Int'l) and reference the reservation code: 750152.
Pixar will also provide live audio streaming of its third quarter 2004 results conference call. The webcast will be accessible through Pixar's web site at http://www.pixar.com/investor/index.html.
About Pixar Animation Studios
Pixar Animation Studios (Nasdaq: PIXR, http://www.pixar.com) combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created and produced six of the most successful and beloved animated films of all time: Academy Award(R)-winning Toy Story (1995); A Bug's Life (1998); Golden Globe-winning Toy Story 2 (1999); the Academy Award(R)-winning Monsters, Inc. (2001); the Academy Award(R)-winning Finding Nemo (2003); and The Incredibles, released domestically on November 5, 2004. Pixar's six films have earned $2.7 billion at the worldwide box office to date. The Northern California studio's next release is Cars (holiday 2005).
This release contains forward-looking information regarding Pixar's targeted release date for Pixar's next film and actual results may differ materially. Factors that could cause delays in the release of the film include, but are not limited to: (1) the uncertainties related to production delays; (2) financing requirements; (3) personnel availability; (4) external socioeconomic and political events; and (5) the release dates of competitive films or other marketing or distribution factors. Please refer to Pixar's 2003 Form 10-K and Second Quarter 2004 Form 10-Q, particularly the sections on risks, for important factors that could cause actual results to differ.
