SGH Q2 FY2024 revenue $284.8M, non-GAAP EPS $0.27; appoints Pete Manca as IPS President

Penguin Solutions, Inc.

2024-Q2 EPS reported -$0.64 revenue$559,068,000

Net sales $284.8M, up 3.9% sequential but down 26.7% YoY from $388.4M.
GAAP diluted EPS $(0.26); non-GAAP EPS $0.27, vs $(0.23) and $0.24 prior quarter.
IPS segment revenue $141.4M, up 19% sequentially; Memory $83.3M, LED $60.1M.
GAAP gross margin 28.8% vs 30.2% prior; non-GAAP 31.5% vs 33.3% prior.
Pete Manca appointed President of IPS, replacing David Laurello; previously SVP at Dell.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Pete Manca

President, Intelligent Platform Solutions (IPS)

PENG · Penguin Solutions, Inc.

Filed: April 9, 2024, 7:59 PM ET

On April 9, 2024, the Company announced the appointment of Pete Manca as the Company’s President, Intelligent Platform Solutions (“IPS”).

Departed

David Laurello

Senior Vice President and President, IPS

PENG · Penguin Solutions, Inc.

Effective: 2024-04-08
Successor: Pete Manca
Filed: April 9, 2024, 7:59 PM ET

Mr. Manca succeeds David Laurello, who ceased serving as the Company’s Senior Vice President and President, IPS, effective as of April 8, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Penguin Solutions, Inc. reported second quarter of fiscal 2024 results: revenue $284.8 million, net income $(13.6) million, EPS $(0.26).

Period: second quarter of fiscal 2024
Revenue: $284.8 million
Net income: $(13.6) million
EPS: $(0.26)
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- Press Release FOR IMMEDIATE RELEASE SGH REPORTS SECOND QUARTER FISCAL 2024 FINANCIAL RESULTS IPS revenue up 19 percent sequentially; total SGH revenue of $285 million Milpitas, Calif. – April 9, 2024 – SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the second quarter of fiscal 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Pete Manca was appointed as President, Intelligent Platform Solutions (IPS) at Penguin Solutions, Inc..

Action: appointed
Role: President, Intelligent Platform Solutions (IPS)

Exact text from the filing

On April 9, 2024, the Company announced the appointment of Pete Manca as the Company’s President, Intelligent Platform Solutions (“IPS”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Laurello departed as Senior Vice President and President, IPS at Penguin Solutions, Inc..

Action: ceased serving
Role: Senior Vice President and President, IPS

Exact text from the filing

Mr. Manca succeeds David Laurello, who ceased serving as the Company’s Senior Vice President and President, IPS, effective as of April 8, 2024.

View on SEC.gov

321 earnings releases filed in the last 30 days. Browse all earnings releases →

Penguin Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-015443

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