earnings
confidence high
sentiment negative
materiality 0.75
Logitech reports record FY22 sales of $5.48B, but Q4 sales drop 20%; cuts FY23 outlook
LOGITECH INTERNATIONAL S.A.
2022-FY EPS reported
$3.78
revenue$5,481,101,000
- Record FY2022 sales of $5.48B (+4% YoY); GAAP operating income fell 33% to $774M.
- Q4 FY2022 sales down 20% to $1.23B; GAAP OP income down 56% to $129M.
- FY2023 outlook cut: sales growth 2-4% constant currency (prev. mid-single digits); non-GAAP OP income $875-925M.
- Guidance reduction reflects removal of Russia/Ukraine estimates due to ongoing war uncertainty.
- Non-GAAP EPS for FY2022 declined 28% to $4.63 vs. $6.42 prior year.