The wait for Transformers: Rescue Bots season 3 is almost over. According to Zap2it.com, season 3 will premiere on Saturday November 1 with two new episodes on the newly rebranded Discovery Family. The fun starts at 1:00 p.m. EDT. To get ready for the new season, enjoy the previously seen Rescue Bots season 3 teaser trailer.
Zap2it has also provided names and descriptions for the two new episodes.
Episode 1: Land Before Prime - After discovering an island of dinosaurs, Optimus must embrace his primal side.
Episode 2: Big Game- Optimus Prime's new Dinosaur Mode becomes the target of a big game hunter.
You see the title. You know the show. You can talk Transformers all day. You hear the Twincast crew talking about stuff where you've got a take, and you've just got to get it out. Is that you?
If so, the Seibertron.com Twincast / Podcast may be in need of you! No one is permanently leaving the show, but as your ears may have been able to tell, some of our longtime regulars have grown-up, responsible adult type stuff to do that's taken away from the time they can spend podcasting. Due to this, we're looking to bring on one new regular cast member. Potentially, we'll add more than one, but that's only if we're just blown away by more than one applicant.
Here are the qualifications for a potential cast member:
An absolute love for the Transformers brand - Not just the toys, not just the comics, not just the shows, not just the movies, not just - well, you get the picture. Even if something isn't your favorite, you'll need to keep up with the latest and greatest and be ready to discuss it. Our show is known, as least partly, for the depth of knowledge of the cast, and new crew should keep up that standard.
Drive and desire to make the show better every episode - This is purely volunteer work and every episode will come with some responsibility. No one on the show gets to show up, record, and forget about it. You must be driven to actively contribute and help make this the best Transformers podcast on the internet.
An outgoing personality - Not much explanation required here. Shy personalities need not apply. Have to have the ability to keep up a long conversation and be able to treat occasional guests like they're old friends.
Ability to have fun, opinionated arguments while never losing your cool - We don't all agree on everything, and that's awesome! Anyone coming on to the show needs to be able to get into a good, intelligent debate, and keep it professional. If you get angry and irrational during arguments over opinions on Transformers things, we're not the show for you.
Team first mentality - We're not looking for the next celebrity. We're looking for a piece of a team that can contribute to the whole of that team. If you're looking at this and your first thought is that it'd be a great way to plug your Youtube channel or personal blog, then you're probably not what we're looking for.
Here are the absolute, non-subjective, technical requirements:
Must be an active member of the Seibertron.com community - As a cast member on the Twincast, you become part of the Seibertron.com staff. You must be an active member of our community, and you must be willing to continue to post on the forums regularly after joining. Staff members of other Transformers fansites are not eligible to be a regular Twincast / Podcast cast member, however current Seibertron.com staff are eligible to audition. Regular contributors to other podcasts will be considered on a case by case basis - if you're doing sports talk somewhere, whatever; if you're doing Transformers talk elsewhere, we need to know this.
Weeknight availability - Must be available on most Thursday nights, but also Tuesdays or Wednesdays as needed, with the occasional other night thrown in as needed around holidays. Recordings are around 8:30 PM Eastern time. This one is completely non-negotiable, as availability issues are why we're having to look for new voices!
A good internet connection - You probably need at least a 20 megabit down connection to participate if you live within the continental US. If you live outside of the US, you may need a much stronger network, otherwise the entire production may have difficulty remaining stable and at a good quality.
A Skype account - We won't always use Skype into the future, but for the time being, this is the medium used for call recording.
Decent microphone or headset - As long as it sounds good, it works, but your built in laptop mic, for instance, probably isn't going to cut it. Also, need some decent headphones. Speakers cause echo and may not be used during a recording.
Here's how to apply if you feel you meet all the requirements:
You'll need to record two clips, and send them in to us in mp3 format. One clip should be thirty seconds long, and the other should be one minute long. No other formats will be accepted and no clips where the talking exceeds the time limit will be accepted (if your file starts with three seconds of silence and ends with a couple and it's 1:05, no big deal, but if the time from your first word to the last is over the limit, your entry is disqualified). Yes, these requirements are a test, and you need to pass. Please do not spend money to do this, there's plenty of free software.
For the thirty second clip, give your thoughts on one of the following three topics:
Comics Topic: How do you feel about Megatron's turn to the Autobots, and did you find it handled well stylistically?
Toys Topic: Talk about your favorite toy from Transformers: Age of Extinction's toyline.
General Topic: What is your favorite era (could be a whole era like "Unicron Trilogy" or single period such as "Beast Wars Season 2") of Transformers?
For the one minute clip, answer one of the following questions. Your choice from here should address a different area of the hobby than the thirty second clip. In other words, if you picked a toy topic for the short clip, do not pick a toy topic here, and vice versa:
Comics Topic: What is your favorite era/book/mini-series of Transformers comics, and why?
Toys Topic: Do you think Hasbro's "Combiner Wars" theme for 2015 will help combat potential sales lost to third party companies?
General Topic: What keeps you interested in the Transformers?
Each clip should be recorded as if the host has prompted you to answer it on the show. Once you have them ready, send me a Private Message here on the forums to let me know that you're interested. This will allow us to verify that you're an active community member here. Once we've done that, you'll be sent an email address to send the actual clips to, and that's it!
Deadline for entries is 6 PM Eastern Time on November 9th, 2014 and we will not accept any more submissions after that time.
All interested candidates will be contacted by November 12th at the very latest. At that time you'll either be moving on to the next phase of consideration described below, or we'll let you know that we won't be moving forward in having you on the show.
We'll pick our favorite 2-4 clips (more if there are more really good submissions, less if there aren't), and then those folks will, one by one, get to appear on an episode for a tryout. This tryout will be the ultimate criteria used in final judging. Depending on the number of folks we want to audition, there may be one person auditioning on an episode, or we may have someone audition for an hour, then we'll have them leave and bring someone else in for other segments. Just depends on what we get and what feels like the right thing to do when we cross that bridge.
There's no set criteria for judging the folks that audition, it will come down to a vote by the seven current members of the Twincast crew. Chemistry is everything, you may be the next big thing in Transformers podcasting, but if you don't have chemistry with us, you just don't have chemistry with us. Seibertron (Ryan Y.) has final approval and veto authority, since, you know, he owns the site! Of course, even though the final decision is in our hands, listener feedback in the podcast thread for the episode(s) where audition(s) occur might sway our opinions.
Good luck, and we look forward to hearing from everyone that applies!
Disclaimer: An offer to join the Twincast team stemming from this event does not guarantee any permanent arrangement. If circumstances occur that lead to any requirements not being met in the future, performance (real or perceived) after audition period drops below an unacceptable standard, or if responsibilities beyond recording your voice on the show are not completed, invitations to appear on future episodes may be revoked.
Our friends at TFcon just dropped by to release the Finalized Event Schedule for TFcon Chicago 2014. Keep your optics tuned to Seibertron.com for the latest in news and updates, plus the best galleries around!
Event Schedule for TFcon Chicago 2014
FRIDAY (dealer room is not open to public)
6-9 pm – Attendee Registration – International Foyer
7pm – Artist Alley Preview – Paris
8pm – Opening ceremony – London
8:15 pm – Transform Me! The Transformers Documentary World Première Screening – London
9:45 pm – Q&A with Transform Me! Producers – London
10pm – Message Board Meetup 21+ – Hotel Bar
8am – Attendee Registration – International Foyer
9am – Dealer Room opens to Early Admission and Weekend Pass holders – International Ballroom
9am-5pm – Art Contest Exhibit Opens – Florence
10am – Dealer Room opens to General Admission – International Ballroom
10am – Dan Gilvezan, Alan Oppenheimer, Venus Terzo Autographs Begin
10am – Transformers Fan Media Panel w/ Jon Bailey and Vangelus – London
11am – Transformers Costume contest – London
11am – James Roberts and Bob Skir autograph session – Paris
12pm – Q/A with James Roberts – London
1pm – Q/A with Alan Oppenheimer and Dan Gilvezan – London
2pm – Q/A with Venus Terzo and Bob Skir – London
3pm – Q/A with Aaron Archer – London
4pm – 3rd Party Product Preview – London
4:45pm – TFcon Awards (art contest results) – London
5pm – Dealer Room closes – International Ballroom
5pm – Live Script Reading Auditions – London
6pm – Live Script Reading – London
6:30pm – Chicago Transformers Fans Group Photo – Outside hotel entrance
6:45pm – Transformers The Movie (1986) Screening – London
9pm – Official TFcon after party 21+ – Hotel Bar
9am – Attendee Registration – International Foyer
10am – Dealer Room opens – International Ballroom
10am – Dan Gilvezan, Alan Oppenheimer, Venus Terzo Autographs Begin
10am – James Roberts and Bob Skir autograph session – Paris
11am – Writing 101: James Roberts and Bob Skir – London
12am – Voice Acting 101 with Alan Oppenheimer, Dan Gilvezan and Venus Terzo – London
1pm – IDW Artists Panel – London
2pm – Creating Worlds with Aaron Archer, Rik Alvarez – London
3pm – Dealer Room closes – International Ballroom
3pm – Q/A with Convention Organizers – London
4pm – WTF@TFW Podcast Live Recording – London
Good news for those that preordered the MP-10 reissue - Asia Exclusive: YES! if you preordered from TFSource your MP-10 will include the vector sigma bonus set! Also if you missed out on the preorder sign up to be notified once it's instock. Any pieces that aren't paid for will go up for sale promptly - sign up here:
Now available for preorder - MP-23 - MASTERPIECE EXHAUST - WITH COLLECTORS COIN and MP-24 - MASTERPIECE STAR SABER - WITH COLLECTORS COIN! TFsource is happy to announce the availability of the MP-23 Masterpiece Exhaust with collector's coin at $85.95 and MP-24 Masterpiece Star Saber with collector's coin at $184.99! If you would like to substitute this version of the figure in an existing preorder, please email us at CustomerCare@TFsource.com, including your Order Number; requesting the change! If you've Stacked the figure, you can add this version to your Stack & remove the regular MP-23 Masterpiece Exhaust at your leisure!
Also up for preorder - MP-23 Masterpiece Exhaust! This piece homages the legendary Diaclone Lancia/Marlboor Wheeljack. He features an all new head sculpt, sports a diaclone color scheme, and is supposed to include his Immobilizer as a bonus part. Preorder yours at TFSource here:
New preorder up - Terminus Hexatron Continuum Version! This is the final release of Hexatron - last chance to get this amazing piece! The continuum piece features:
1. New head sculpt, new blasters, new chest wings
2. Metallic finish: 70% body paint coated, wheelcaps and weapons chromed
3. New box art design
*Shuriken, Katana & comic NOT inclusive in this version
Preorder yours here:
It's just an early test shot but it looks really good already! Simply click the red play button to watch on TFSource.
_____________________________________________ 14. 3rd Party Customs Update!
Ark Studio - VIP Series - Specter, Peacekeeper, & Silverstorm - Now Up for Preorder! A new Third-Party manufacturer steps onto the field, presenting their VIP series! These figures measure approximately 3" x 1.25" in vehicle mode, and fit in well with Legends/Scout classed figures! These may be a great fit with Generations Metroplex displays as well! Preorder Specter, Peacekeeper, and Silverstorm at TFSource:
Now Instock - both of Before and After's Six Sigma figures, available in either Red or Black Armed versions! Six Sigma can break down into weapons & add-ons usable by your Metroplex figure! Order your preferred figure today at TFsource: Search for six sigma
Now Up for Preorder - Professor Heisenberg Royal Arsenal Add On Weapons! Professor Heisenberg, new to the third party world, conjures up his second offering, another add-on kit to go with Feral Rex. This set includes G1-inspired weaponry designed to increase the fire power of Feral Rex! Preorder yours today at TFsource:
New Bandai Tamashii Preorders Up! We have tons of new Bandai Tamashii preorders up on the site including Chogokin - Monster Hunter Liolaeos, Metal Robot Spirits - Hi-V Gundam, S.H. Figuarts - Hurricane, S.I.C. - Kamen Rider Wizard Flame Doragon & All Doragon Set, S.H.MonsterArts - Gamera (1996) - Gamera 2, Armor Girls Project - Kancolle Atago and MORE!
Now instock - Bandai Tamashii Nations - Metal Build - Laevatein! Depicted in meticulous detail, Laevatein includes a wealth of accessories; such as: Deluxe display stand, anti-tank daggers (x2), shot gun, demolition gun, monomolecular cutter (x2), pilot figures (x2), Fairy Feather system parts, & 4 sets of interchangeable hands! Order yours today at the ToySource:
_____________________________________________ 17. Newest Preorder items at TFsource
_____________________________________________ 18. Newest Instock items at TFsource
Have you signed up for Source Points yet? Earn points with every purchase towards Freebies! Accumulated points and want to redeem them? Click the following link to enroll or redeem your points today! Source Points - TF Source
Become a fan of TFsource on Facebook! We've spent years building TFsource into an online resource for TF fans, and now we have created a page on facebook for our fans. We'll keep you updated on new releases and TF info, as well as any contests or promo's we run, some of which will be exclusively through facebook.
Hasbro Reports Revenue and Operating Profit Growth for the Third Quarter 2014
-Third quarter 2014 revenues increased 7% to $1.47 billion; Revenue grew in all major operating segments - the U.S. and Canada, International and Entertainment and Licensing segments; Emerging Markets revenues increased 29%
-Franchise Brand revenues grew 36%; All seven Franchise Brands increased revenues in the third quarter; Boys, Girls and Games category revenues increased;
-Adjusted operating profit increased 9%; Adjusted net earnings increased 9% to $187.8 million or $1.46 per diluted share; As reported, operating profit increased 44% and net earnings increased 43% to $180.5 million or $1.40 per diluted share;
-Repurchased 2.4 million shares of common stock at a total cost of $124.5 million and an average price of $52.56 per share.
PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the third quarter 2014. Net revenues for the third quarter 2014 increased 7% to $1.47 billion compared to $1.37 billion in 2013. Foreign exchange had an unfavorable $10.8 million impact on third quarter revenues.
As reported net earnings for the third quarter 2014 were $180.5 million, or $1.40 per diluted share, compared to $126.6 million, or $0.96 per diluted share, in 2013. Adjusted net earnings for the third quarter 2014 were $187.8 million, or $1.46 per diluted share, excluding a pre-tax charge of $11.6 million, or $0.06 per diluted share, related to the restructuring of the Company's investment in the Hub Network joint venture.
In 2013, as reported net earnings for the third quarter included a pre-tax $75.5 million, or $0.50 per diluted share, charge related to an adverse arbitration award; pre-tax $4.1 million, or $0.03 per diluted share, of restructuring and partial pension settlement charges; and a $23.6 million, or $0.18 per diluted share, favorable tax adjustment. Excluding these items, adjusted net earnings for the third quarter 2013 were $172.5 million, or $1.31 per diluted share.
"Our third quarter results continued to reflect the momentum we are building in our franchise brands and key partner brands, the positive results of our investments globally and the benefits of leading with compelling content and storytelling," said Brian Goldner, Hasbro's President and Chief Executive Officer. "In the third quarter, we grew revenues across all operating segments, delivered improved profitability and took strategic steps to grow our brand portfolio and content delivery over the longer term, including forming a new strategic merchandising relationship with Disney Consumer Products for the globally popular Disney Princess and Frozen properties."
"Our third quarter results are indicative of Hasbro's strong financial and competitive position," said Deborah Thomas, Hasbro's Chief Financial Officer. "In this environment of growth and financial strength, we remain focused on improving profitability, returning cash to our shareholders and investing back into our business, through investments in innovation, systems and portfolio expansion across our blueprint."
Third Quarter 2014 Major Segment Performance
Net Revenues ($ Millions) Operating Profit ($ Millions)
Q3 2014 Q3 2013 % Change Q3 2014 Q3 2013 % Change
U.S. and Canada $764.3 $735.6 +4% $169.9 $147.0 +16%
International $649.3 $582.7 +11% $116.5 $105.7 +10%
Entertainment and Licensing $53.4 $48.6 +10% $0.5 $7.6 -94%
Note: Third Quarter 2014 charges related to the restructuring of the Company's investment in the Hub Network joint venture and third quarter 2013 restructuring and related pension settlement charges and arbitration award charges are in Corporate and Eliminations. See attached table: Restructuring of Equity Method Investment and Restructuring, Pension Settlement and Arbitration Award Charges.
U.S. and Canada segment net revenues increased 4% to $764.3 million compared to $735.6 million in 2013. The segment's results reflect growth in the Boys and the Games categories, partially offset by a decline in the Girls and Preschool categories. The U.S. and Canada segment reported operating profit growth of 16% to $169.9 million versus $147.0 million in 2013.
International segment net revenues increased 11% to $649.3 million compared to $582.7 million in 2013. Revenues grew 13% excluding a negative $9.7 million impact from foreign exchange. Revenues in the International segment reflect 7% growth in Europe, 24% growth in Latin America and 11% growth in the Asia Pacific region, as well as growth in the Boys, Girls and Preschool categories, partially offset by a decline in the Games category. In total, Emerging Markets revenues increased 29%. The International segment reported operating profit of $116.5 million, up 10% versus $105.7 million in 2013.
Entertainment and Licensing segment net revenues increased 10% to $53.4 million compared to $48.6 million in 2013. The segment benefited from growth in lifestyle licensing. The Entertainment and Licensing segment reported operating profit of $0.5 million compared to $7.6 million in 2013, primarily due to the impact of the acceleration of certain programming amortization costs.
Third Quarter and Nine Month 2014 Product Category Performance
Net Revenues ($ Millions)
Q3 2014 Q3 2013 % Change Nine Months 2014 Nine Months 2013 % Change
Boys $478.5 $392.0 +22% $1,062.1 $888.5 +20%
Games $395.2 $387.4 +2% $841.4 $873.8 -4%
Girls $407.7 $388.7 +5% $710.2 $652.9 +9%
Preschool $188.5 $202.2 -7% $364.8 $385.2 -5%
Boys category revenues increased 22% to $478.5 million in the third quarter 2014, behind growth in NERF, TRANSFORMERS, MARVEL and STAR WARS products.
Games category revenues increased 2% in the third quarter to $395.2 million. Franchise Brands MAGIC: THE GATHERING and MONOPOLY grew in the third quarter, as did SIMON SWIPE and OPERATION. These gains were partially offset by declines in several brands, including Telepods featuring the ANGRY BIRDS™ STAR WARS® II game, JENGA, BOP-IT and DUELMASTERS.
The Girls category grew 5% in the third quarter 2014 to $407.7 million. Growth in MY LITTLE PONY, MY LITTLE PONY EQUESTRIA GIRLS, NERF REBELLE, FURREAL FRIENDS, LITTLEST PET SHOP and the introduction of PLAY-DOH DOHVINCI helped fuel continued growth in the category. Declines in FURBY partially offset these revenue gains.
Preschool category revenues decreased 7% to $188.5 million in the third quarter 2014. PLAY-DOH and TRANSFORMERS RESCUE BOTS revenues continued to grow but were more than offset by declines in other Preschool initiatives, including core PLAYSKOOL and SESAME STREET products.
Dividend and Share Repurchase
The Company paid $54.7 million in cash dividends to shareholders during the third quarter 2014 and $162.8 million in the first nine months of 2014. The next quarterly cash dividend payment of $0.43 per common share is payable on November 17, 2014 to shareholders of record at the close of business on November 3, 2014.
During the third quarter, Hasbro repurchased a total of 2.4 million shares of common stock at a total cost of $124.5 million and an average price of $52.56 per share. Through the first nine months of 2014, the Company repurchased 6.4 million shares of common stock at a total cost of $341.3 million and an average price of $53.57 per share. At quarter-end, $183.6 million remained available in the current share repurchase authorization.
Hub Network Joint Venture
On September 25, Hasbro and Discovery Communications announced Hub Network would become Discovery Family Channel effective October 13, 2014. The network will broaden its programming focus to serve families in primetime and continue to showcase Hasbro Studios award-winning children's content in daytime.
As a result of restructuring the Company's investment in the Hub Network joint venture, the Company recorded a pre-tax charge of $11.6 million, or $0.06 per diluted share, in the third quarter 2014. This net charge is primarily related to the costs associated with recording the fair value of a put/call option exercisable at the end of 2021 that the Company and Discovery entered into related to this transaction.
Conference Call Webcast
Hasbro will webcast its third quarter 2014 earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast and access the accompanying presentation slides, please go to http://investor.hasbro.com. The replay of the call will be available on Hasbro's web site approximately 2 hours following completion of the call.
About Hasbro, Inc.
Hasbro, Inc. (NASDAQ: HAS) is a branded play company dedicated to fulfilling the fundamental need for play for children and families through the creative expression of the Company's world class brand portfolio, including TRANSFORMERS, MONOPOLY, PLAY-DOH, MY LITTLE PONY, MAGIC: THE GATHERING, NERF and LITTLEST PET SHOP. From toys and games, to television programming, motion pictures, digital gaming and a comprehensive licensing program, Hasbro strives to delight its global customers with innovative play and entertainment experiences, in a variety of forms and formats, anytime and anywhere. The Company's Hasbro Studios is responsible for entertainment brand-driven storytelling around Hasbro brands across television, film, commercial productions and short-form. Through the Company's deep commitment to corporate social responsibility, including philanthropy, Hasbro is helping to build a safe and sustainable world for future generations and to positively impact the lives of millions of children and families every year. It has been recognized for its efforts by being named one of the "World's Most Ethical Companies" and is ranked as one of Corporate Responsibility Magazine's "100 Best Corporate Citizens." Learn more at http://www.hasbro.com.
Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include expectations concerning the Company's potential performance in the future, including with respect to anticipated future benefits from investments in the Company's business and strategic efforts to grow the Company's brand portfolio and content delivery over the longer-term, and the Company's ability to achieve its other financial and business goals and may be identified by the use of forward-looking words or phrases. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Specific factors that might cause such a difference include, but are not limited to: (i) the Company's ability to design, develop, produce, manufacture, source and ship products on a timely and cost-effective basis, as well as interest in and purchase of those products by retail customers and consumers in quantities and at prices that will be sufficient to profitably recover the Company's costs; (ii) downturns in economic conditions affecting the Company's markets which can negatively impact the Company's retail customers and consumers, and which can result in lower employment levels, lower consumer disposable income and spending, including lower spending on purchases of the Company's products; (iii) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (iv) potential difficulties or delays the Company may experience in implementing cost savings and efficiency enhancing initiatives; (v) other economic and public health conditions or regulatory changes in the markets in which the Company and its customers and suppliers operate which could create delays or increase the Company's costs, such as higher commodity prices, labor costs or transportation costs, or outbreaks of disease; (vi) currency fluctuations, including movements in foreign exchange rates, which can lower the Company's net revenues and earnings, and significantly impact the Company's costs; (vii) the concentration of the Company's customers, potentially increasing the negative impact to the Company of difficulties experienced by any of the Company's customers or changes in their purchasing or selling patterns; (viii) consumer interest in and acceptance of the Discovery Family Channel, and programming created by Hasbro Studios, and other factors impacting the financial performance of the network and Hasbro Studios; (ix) the inventory policies of the Company's retail customers, including retailers' potential decisions to lower their inventories, even if it results in lost sales, as well as the concentration of the Company's revenues in the second half and fourth quarter of the year, which coupled with reliance by retailers on quick response inventory management techniques increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve compressed shipping schedules; (x) delays, increased costs or difficulties associated with any of our or our partners' planned digital applications or media initiatives; (xi) work disruptions, which may impact the Company's ability to manufacture or deliver product in a timely and cost-effective manner; (xii) the bankruptcy or other lack of success of one of the Company's significant retailers which could negatively impact the Company's revenues or bad debt exposure; (xiii) the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to offer Company products which consumers choose to buy instead of competitive products, the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees; (xiv) concentration of manufacturing for many of the Company's products in the People's Republic of China and the associated impact to the Company of social, economic or public health conditions and other factors affecting China, the movement of products into and out of China, the cost of producing products in China and exporting them to other countries; (xv) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xvi) the impact of other market conditions, third party actions or approvals and competition which could reduce demand for the Company's products or delay or increase the cost of implementation of the Company's programs or alter the Company's actions and reduce actual results; (xvii) the impact of litigation or arbitration decisions or settlement actions; and (xviii) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and Securities and Exchange Commission ("SEC") filings. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.
This press release includes a non-GAAP financial measure as defined under SEC rules, specifically EBITDA. EBITDA represents net earnings attributable to Hasbro, Inc. excluding net loss attributable to noncontrolling interests, interest expense, income taxes, depreciation and amortization. As required by SEC rules, we have provided reconciliation on the attached schedule of this measure to the most directly comparable GAAP measure. Management believes that EBITDA is one of the appropriate measures for evaluating the operating performance of the Company because it reflects the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic acquisitions. However, this measure should be considered in addition to, not as a substitute for, or superior to, net earnings or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company's financial statements and filings with the SEC. As used herein, "GAAP" refers to accounting principles generally accepted in the United States of America.
The press release also includes the Company's costs and expenses, operating profit, net earnings and diluted earnings per share excluding the impact of the restructuring of the Company's investment in the HUB Network joint venture in 2014 and the impact of an adverse arbitration award, restructuring and related pension charges, and certain favorable tax adjustments in 2013. Management believes that presenting this data excluding these charges and tax adjustments assists investors in understanding the performance of the Company's underlying business and the results of operations.
Jagex the guys behind the Transformers Universe game released some interesting artwork to share with everyone. Check out these reimagining of familiar characters and some new characters as well. We've mirrored the images below for your viewing pleasures and remember keep your optics tuned to Seibertron.com for the latest in news and updates, plus the best galleries around!
Thanks to the Offical Transformers Facebook page we get a look at some early design and concept sketches of the Fan Built Bot Windblade! Windblade has since been released (you can check out her galleries here) and has been given her own comic series by IDW which has ended but she still plays an important role in the ongoing Transformers comics. Check out the images we've mirrored below and remember keep your optics tuned to Seibertron.com for the latest in news and updates, plus the best galleries around!
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