- Logitech (NASDAQ:LOGI): Q4 Non-GAAP EPS of $1.45 beats by $0.58; GAAP EPS of $1.31 beats by $0.48.
- Revenue of $1.54B (+117.1% Y/Y) beats by $400M.
- Logitech’s board of directors has approved an increased share buyback authorization up to $1 billion. This expands the Company’s current $250 million, three-year share buyback authorization. To date, the Company has repurchased $165 million of shares in the current program. Following approval from the Swiss Takeover Board, the increase will give a total authorization of $835 million for repurchases over the remaining 27 months of the program through July 2023.
Logitech’s board of directors has also approved a proposal for a Fiscal Year 2021 dividend, which would be approximately a 10 percent annual increase versus last year’s dividend. Together with the new share buyback authorization, this demonstrates the Company’s continued commitment to consistently return cash to shareholders.
- Raised its Fiscal Year 2022 outlook for non-GAAP operating income to between $800 million and $850 million. Previously, it was expected to be between $750 million and $800 million.
- The outlook for sales growth in constant currency is still expected to be approximately flat, plus or minus 5 percent.
- Press Release
Logitech EPS beats by $0.58, beats on revenue
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About LOGI Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| LOGI | - | - |
| Logitech International S.A. | ||