earnings
confidence high
sentiment negative
materiality 0.75
Logitech FY2023 sales $4.54B, -17%; GAAP EPS $2.23, -41%; reaffirms H1 outlook
LOGITECH INTERNATIONAL S.A.
2023-FY EPS reported
$2.23
revenue$4,538,818,000
- Full-year sales $4.54B, down 17% YoY (13% cc); GAAP operating income $458M (-41%); non-GAAP OI $589M (-35%).
- GAAP EPS $2.23, down 41%; non-GAAP EPS $3.22, down 30%. Cash flow from operations $534M, up 79%.
- Q4 sales $960M, down 22% (20% cc); GAAP OI $39M (-70%); non-GAAP OI $82M (-47%).
- H1 FY2024 outlook reaffirmed: sales $1.8-1.9B (decline 22%-18% YoY); non-GAAP OI $160-190M.
- Ended FY with $1.15B cash; returned $577M to shareholders via dividend and buybacks.