ALLEGRO MICROSYSTEMS INC
For the period ended Mar 29, 2024. Filed May 23, 2024.
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FY2024 · Filed May 23, 2024
ALGM$30.92+9.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Fiscal Year Ended | |||
|---|---|---|---|
| March 29,2024 | March 31,2023 | March 25,2022 | |
| Net sales | $1,043,206 | $812,890 | $619,861 |
| Net sales to related party | 6,161 | 160,763 | 148,813 |
| Total net sales | 1,049,367 | 973,653 | 768,674 |
| Cost of goods sold | 471,894 | 348,390 | 286,855 |
| Cost of goods sold to related party | 2,944 | 79,184 | 74,359 |
| Gross profit | 574,529 | 546,079 | 407,460 |
| Operating expenses: | |||
| Research and development | 176,638 | 150,850 | 121,873 |
| Selling, general and administrative | 188,429 | 191,922 | 148,937 |
| Impairment of long-lived assets | 13,218 | — | — |
| Total operating expenses | 378,285 | 342,772 | 270,810 |
| Operating income | 196,244 | 203,307 | 136,650 |
| Other income (expense): | |||
| Interest expense | (10,763) | (2,336) | (2,499) |
| Interest income | 3,144 | 1,724 | 1,442 |
| Foreign currency transaction gain (loss) | 5,064 | 980 | (568) |
| (Loss) income in earnings of equity investment | (538) | (406) | 1,007 |
| Other income, net | 1,646 | 8,077 | 4,714 |
| Income before income taxes | 194,797 | 211,346 | 140,746 |
| Income tax provision | 41,909 | 23,852 | 21,191 |
| Net income | 152,888 | 187,494 | 119,555 |
| Net income attributable to non-controlling interests | 191 | 137 | 148 |
| Net income attributable to Allegro MicroSystems, Inc. | $152,697 | $187,357 | $119,407 |
| Net income per common share attributable to Allegro MicroSystems, Inc.: | |||
| Basic | $0.79 | $0.98 | $0.63 |
| Diluted | $0.78 | $0.97 | $0.62 |
| Weighted average shares outstanding: | |||
| Basic | 192,573,169 | 191,197,452 | 189,748,427 |
| Diluted | 194,674,352 | 193,688,102 | 191,811,205 |
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