secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-088944
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegro MicroSystems Q1 sales $167M, GAAP EPS -$0.09; $50M debt repayment; 39M share buyback
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- Net sales $167M, down 40% YoY from $278M; automotive $131M, industrial $36M.
- GAAP diluted EPS -$0.09 vs prior year $0.31; non-GAAP EPS $0.03 at high end of outlook.
- Made $50M voluntary debt repayment during Q1.
- Announced repurchase of 39M shares from majority shareholder to improve liquidity and governance.
- Expects low double-digit sequential sales growth in Q2 FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095017024088944/0000950170-24-088944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095017024088944/algm-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer