Com­pa­ny Rai­ses Annu­al Out­look On Strong Momentum

LAUSANNE, Switz­er­land & NEWARK, Calif.–(BUSINESS WIRE)– Logi­tech Inter­na­tio­nal (SIX: LOGN) (Nasdaq: LOGI) today announ­ced finan­cial results for the third quar­ter of Fis­cal Year 2021.

• Q3 sales were $1.67 bil­li­on, up 85 per­cent in US dol­lars and 80 per­cent in con­stant cur­ren­cy, com­pared to Q3 of the pri­or year.
• Q3 GAAP ope­ra­ting inco­me grew 248 per­cent to $448 mil­li­on, com­pared to $129 mil­li­on in the same quar­ter a year ago. Q3 GAAP ear­nings per share (EPS) grew 222 per­cent to $2.22, com­pared to $0.69 in the same quar­ter a year ago.
• Q3 non-GAAP ope­ra­ting inco­me grew 214 per­cent to $476 mil­li­on, com­pared to $152 mil­li­on in the same quar­ter a year ago. Q3 non-GAAP EPS grew 192 per­cent to $2.45, com­pared to $0.84 in the same quar­ter a year ago.
• Cash flow from ope­ra­ti­ons was $530 mil­li­on, com­pared to $181 mil­li­on in the same peri­od a year ago.

“This quarter’s record results demons­tra­te the strength of our port­fo­lio, addres­sing long-term growth trends in remo­te work and edu­ca­ti­on, video col­la­bo­ra­ti­on, esports, and digi­tal con­tent crea­ti­on,” said Bra­cken Dar­rell, Logi­tech pre­si­dent and chief exe­cu­ti­ve offi­cer. “We are incre­asing­ly inves­t­ing in our capa­bi­li­ties and peo­p­le for the growth poten­ti­al we see in the future. Logi­tech has never been more rele­vant to our cus­to­mers’ work, play and creativity.”

Out­look

Logi­tech rai­sed its Fis­cal Year 2021 annu­al out­look to bet­ween 57 and 60 per­cent sales growth in con­stant cur­ren­cy, and appro­xi­m­ate­ly $1.05 bil­li­on in non-GAAP ope­ra­ting inco­me. The Company’s pre­vious out­look was bet­ween 35 and 40 per­cent sales growth in con­stant cur­ren­cy, and a ran­ge of $700 mil­li­on to $725 mil­li­on in non-GAAP ope­ra­ting income.
(…) Wei­ter­le­sen »