Logitech Q2 sales fall 12% to $1.15B; CFO Nate Olmstead to leave

LOGITECH INTERNATIONAL S.A.

2023-Q2 EPS reported $1.11 revenue$2,308,816,000

GAAP EPS $0.50, down 38% YoY; non-GAAP EPS $0.84, down 20%.
Revenue $1.15B, down 12% in US dollars and 7% constant currency.
Gaming sales down 10%; Video Collaboration grew 2% in US dollars.
CFO Nate Olmstead departing; search launched, Olmstead to stay through transition.
FY2023 outlook reaffirmed: constant-currency sales -8% to -4%, non-GAAP OI $650-$750M.

item 2.02 item 9.01 item 5.02

Executive movements

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Departed

Nate Olmstead

Chief Financial Officer

LOGI · LOGITECH INTERNATIONAL S.A.

Filed: October 25, 2022, 7:59 PM ET

On October 23, 2022 , Logitech and Nate Olmstead, Logitech's Chief Financial Officer, agreed that Mr. Olmstead would leave Logitech.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nate Olmstead departed as Chief Financial Officer at LOGITECH INTERNATIONAL S.A..

Action: agreed to leave
Role: Chief Financial Officer

Exact text from the filing

On October 23, 2022 , Logitech and Nate Olmstead, Logitech's Chief Financial Officer, agreed that Mr. Olmstead would leave Logitech.

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LOGITECH INTERNATIONAL S.A. filing history →

Source: SEC EDGAR

accession 0001628280-22-026927

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