LOGITECH INTERNATIONAL SA
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
LOGI$98.01+0.5%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
| Three months ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $1,088,217 | $974,499 |
| Cost of goods sold | 619,517 | 595,712 |
| Amortization of intangible assets | 2,442 | 3,145 |
| Gross profit | 466,258 | 375,642 |
| Operating expenses: | ||
| Marketing and selling | 196,905 | 179,185 |
| Research and development | 75,307 | 70,559 |
| General and administrative | 37,458 | 41,297 |
| Amortization of intangible assets and acquisition-related costs | 2,703 | 2,685 |
| Restructuring charges, net | 386 | 3,511 |
| Total operating expenses | 312,759 | 297,237 |
| Operating income | 153,499 | 78,405 |
| Interest income | 15,790 | 9,826 |
| Other income (expense), net | (1,898) | (12,972) |
| Income before income taxes | 167,391 | 75,259 |
| Provision for income taxes | 25,558 | 12,532 |
| Net income | $141,833 | $62,727 |
| Net income per share: | ||
| Basic | $0.93 | $0.39 |
| Diluted | $0.92 | $0.39 |
| Weighted average shares used to compute net income per share: | ||
| Basic | 153,300 | 158,859 |
| Diluted | 154,978 | 160,155 |
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