Thursday, April 24th 2014
Logitech Q4 FY 2014 Sales, Profit and Cash from Operations Exceed Expectations
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full year of Fiscal Year 2014. Q4 FY 2014 sales were $485 million, up 3 percent over the prior year. "Our Q4 performance was strong, with sales, profit and cash generation better than expected," said Bracken Darrell, Logitech president and chief executive officer. "Q4 sales in our Growth category - PC Gaming, Tablet and Other Accessories, and Mobile Speakers - were up nearly 50 percent. "At the start of our fiscal year we said we would deliver strong sales in our Growth category, reduce operating expenses and improve profitability. We delivered on our commitments across the board, concluding FY 2014 ahead of our turnaround plan."
Highlights
Logitech confirmed its current FY 2015 outlook of $2.16 billion in sales and $145 million in non-GAAP operating income.
For more details, visit this page.
- Q4 GAAP operating income was $7 million, with GAAP earnings per share (EPS) of $0.07, compared to a loss a year ago.
- Q4 non-GAAP operating income was $23 million, with non-GAAP EPS of $0.14, compared to $0.01 in the same quarter a year ago.
- FY 2014 GAAP operating income was $77 million, with GAAP EPS of $0.46, compared to an operating loss in the prior year.
- FY 2014 non-GAAP operating income more than doubled to $140 million, with non-GAAP EPS of $0.76, up from $0.31 a year ago.
- Cash flow from operations on a trailing twelve-month basis was $202 million, up 72 percent.
Logitech confirmed its current FY 2015 outlook of $2.16 billion in sales and $145 million in non-GAAP operating income.
For more details, visit this page.
7 Comments on Logitech Q4 FY 2014 Sales, Profit and Cash from Operations Exceed Expectations
But nowadays... not even Spanish, Italian,... it's only UK or US for any "QWERTY" based layout, differs a ton lot more on several keys. It's ridiculous. If it's a stock/distributor problem, Logitech at least should give us the option of ordering those specific layouts directly from Logitech site/store, but not even that. So damn disappointing that such a big company can't have a decent clever mentality and management. But can't expect much from a typical big company run by clueless tie-executives...
Also, with the prices they charge for some of the G keyboards one would assume that they at least made some money last year, but maybe the liberal return policies they have here in Europe have something to do with that.