Ubiquiti Q1 FY2024 revenue $463M (-7% YoY); GAAP EPS $1.45, non-GAAP $1.47

Ubiquiti Inc.

2024-Q1 EPS reported $1.45 revenue$463,078,000

Revenue of $463.1M, down 7.0% YoY from $498.1M and down 5.7% from prior quarter.
GAAP net income $87.8M ($1.45 diluted EPS); non-GAAP net income $88.9M ($1.47 diluted EPS).
Gross margin 39.7% vs 34.4% YoY (up 5.3pp) but down from 41.4% QoQ due to higher shipping costs.
Enterprise Technology revenue $380.1M (-10.8% YoY); Service Provider Technology $83.0M (+15.6% YoY).
Board declares $0.60/share quarterly dividend, payable Nov 20, 2023 to holders of record Nov 13.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ubiquiti Inc. reported the first quarter ended September 30, 2023 results: revenue $463.1 million, net income GAAP net income was $87.8 million, EPS GAAP diluted EPS of $1.45.

Period: the first quarter ended September 30, 2023
Revenue: $463.1 million
Net income: GAAP net income was $87.8 million
EPS: GAAP diluted EPS of $1.45
Result: reported results

Exact text from the filing

UBIQUITI INC. REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS ~ Revenues of $463.1 million ~ ~ GAAP Diluted Earnings Per Share of $1.45 ~

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Source: SEC EDGAR

accession 0001511737-23-000084

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