Hasbro Reports Fourth Quarter and Full-Year 2012 Financial Results and Declares 11% Increase in Quarterly Dividend

• 2012 net revenues declined 2% to $4.19 billion excluding foreign exchange; net revenues as reported for the full-year 2012 were $4.09 billion compared to $4.29 billion in 2011;
• 2012 net earnings were $370.8 million, or $2.81 per diluted share, excluding pre-tax charges of $47.2 million, or $0.26 per diluted share, associated with restructuring actions; as reported, 2012 net earnings were $336.0 million, or $2.55 per share, compared to $385.4 million, or $2.82 per diluted share in 2011;
• During the fourth quarter 2012, the Company commenced a cost savings initiative targeting $100 million in annual savings by 2015;
• Full-year 2012 operating profit margin increased to 14.7% from 14.2% (excluding restructuring charges in both years) led by gains in the U.S. and Canada segment profitability;
• Generated $534.8 million in operating cash flow during 2012;
• Company Board of Directors raises quarterly dividend 11% to $0.40 per share.