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Logitech(LOGI) - 2021 Q2 - Earnings Call Presentation
2020-10-20 06:05
Q2 Fiscal Year 2021 Financial Results logitech® October 19, 2020 | --- ...
Logitech(LOGI) - 2021 Q1 - Quarterly Report
2020-07-23 20:20
Table of Contents Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Switzer ...
Logitech(LOGI) - 2021 Q1 - Earnings Call Presentation
2020-07-22 17:39
logitech® Q1 Fiscal Year 2021 Financial Results July 20, 2020 | --- ...
Logitech(LOGI) - 2021 Q1 - Earnings Call Transcript
2020-07-21 19:14
Financial Data and Key Metrics Changes - The company reported a strong quarter with sales growth of 25% and non-GAAP operating income growth of 75% to $117 million [15][22] - Non-GAAP gross margin increased by 140 basis points to 39.2%, despite expectations of a decline [23][24] - Cash flow from operations reached $119 million, up from $37 million in the same quarter last year, attributed to profitable business growth and improved cash conversion cycle [27] Business Line Data and Key Metrics Changes - Video Collaboration sales saw significant growth, with sales of the $199 Brio webcam more than tripling [15][18] - PC Peripherals category sales grew by 19%, with notable increases in Pointing Devices (9% growth) and Keyboards & Combos (15% growth) [16] - Gaming sales increased by 38%, driven by strong demand for simulation products [18][20] - Tablet and Other Accessories sales grew by 22%, particularly strong in the education channel with over 50% growth [17] Market Data and Key Metrics Changes - The Asia market, especially China, showed strong growth in personal collaboration and PC Peripherals, benefiting from an earlier recovery from COVID-19 [51][52] - The company experienced a decline in Mobile Speaker sales by over 40% due to physical retail store closures [19] Company Strategy and Development Direction - The company is focusing on long-term trends such as ubiquitous video, work from anywhere, and the growth of online creators [12][35] - Logitech is prioritizing investments in key areas to strengthen its hardware and software roadmaps, aiming for long-term value creation [26][29] - The company is adapting to a hybrid work environment, expecting increased demand for video collaboration tools as employees return to the office [100] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term trends despite potential short-term uncertainties due to macroeconomic conditions [12][34] - The company raised its fiscal year 2021 sales growth guidance from mid-single digits to between 10% and 13% [31] - Management acknowledged the potential for moderation in demand in the back half of the year but remains prepared for various scenarios [33][66] Other Important Information - The company is experiencing supply constraints but is working to ramp up production to meet demand [16][20] - Logitech's balance sheet remains strong, allowing for increased inventory buffers to prepare for future demand spikes [28] Q&A Session Summary Question: Why was Logitech not named as a partner in Zoom's hardware services? - Management clarified that Logitech's products do not fit the all-in-one category that Zoom partnered with, but they maintain strong partnerships with Zoom, Microsoft, and Google [41] Question: What is the capital allocation plan for the next one or two years? - Management indicated a focus on small to medium M&A opportunities while also increasing dividends and continuing stock buybacks [42] Question: What are the expectations for gross profit margin in the coming quarters? - Management expects some downward pressure on gross margins due to increased promotional spending and a shift in product mix towards lower-margin categories [44] Question: What were the drivers of strong performance in Asia? - Management noted that Asia, particularly China, is ahead in recovery, with strong growth across various product categories [51][52] Question: What is the outlook for gaming and Video Collaboration? - Management anticipates continued strong demand in gaming and Video Collaboration, with potential pull-forward effects from upcoming console launches [90][92]
Logitech(LOGI) - 2020 Q4 - Annual Report
2020-05-27 21:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Switzerland None (State o ...
Logitech(LOGI) - 2020 Q3 - Quarterly Report
2020-01-23 21:20
Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 Or LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Swi ...
Logitech(LOGI) - 2020 Q2 - Quarterly Report
2019-10-24 23:18
Table of Contents Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Sw ...
Logitech(LOGI) - 2020 Q1 - Quarterly Report
2019-07-25 20:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Switzer ...
Logitech(LOGI) - 2019 Q4 - Annual Report
2019-05-17 21:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2019 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Switzerland (State or oth ...
Logitech(LOGI) - 2019 Q3 - Quarterly Report
2019-01-24 21:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Swi ...