Strong showing attributed to Finding Nemo home video and The Incredibles
EMERYVILLE, CA - Pixar Animation Studios (Nasdaq: PIXR) today announced
financial results for its fourth quarter and fiscal year ended January
1, 2005. For the year, Pixar earned $141.7 million, or $2.38 per fully
diluted share, on revenues of $273.5 million. This compares to earnings
of $124.8 million, or $2.17 per fully diluted share, on revenues of
$262.5 million for the year ended January 3, 2004.
For the quarter, Pixar earned $55.2 million, or $0.91 per fully diluted
share, on revenues of $108.9 million. This compares to earnings of $83.9
million, or $1.44 per fully diluted share on revenues of $164.8 million,
achieved in the fourth quarter of 2003.
"The stellar box office performance of The Incredibles, combined
with the continuing success of Finding Nemo on home video, has resulted
in our most profitable year to date," said Pixar CEO Steve Jobs.
"Looking ahead, The Incredibles' DVD will be the one to own when
it hits shelves on March 15."
The company will discuss its fourth quarter and fiscal year 2004 earnings
results during the conference call to be held today, Thursday, February
10, 2005, at 5:00 p.m. EST, 2:00 p.m. PST. 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 800-553-5275 (U.S.) or 612-332-0725 (Int'l) approximately 10
minutes prior to the start time. A replay of the call will be provided
through Monday, February 14, 2005 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: 765599.
Pixar also will provide live audio streaming of its fourth quarter
and full year 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 six of the most successful
and beloved animated films of all time: Toy Story, A Bug's Life, Toy
Story 2, Monsters, Inc., Finding Nemo and The Incredibles. Pixar has
won 16 Academy Awards(R) and its six films have grossed more than $3.2
billion at the worldwide box office to date. The Northern California
studio will release its next film, Cars, on June 9, 2006.
