earnings
confidence high
sentiment positive
materiality 0.70
Logitech Q3 EPS $1.24 GAAP, $1.55 non-GAAP; raises FY2022 sales growth outlook to 2-5% constant currency
LOGITECH INTERNATIONAL S.A.
2022-Q3 EPS reported
$3.14
revenue$4,251,107,000
- Q3 sales $1.63B, down 2% YoY (vs +85% prior year); Keyboards & Combos +29%, Pointing Devices +8%, Gaming +8%.
- GAAP EPS $1.24 (down 44% YoY); Non-GAAP EPS $1.55 (down 37% YoY); GAAP OI $263M (down 41% YoY).
- Raised FY2022 outlook: sales growth 2-5% constant currency (prev flat±5%); Non-GAAP OI $850-900M (prev $800-850M).
- Cash from ops $377M; returned $116M via buybacks in Q3; YTD returned $450M via dividends and buybacks.