Penguin Solutions, Inc.
For the period ended Nov 29, 2024. Filed Jan 8, 2025.
View on SEC.govAbout this filing
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.
Nov 29, 2024 · Filed Jan 8, 2025
PENG$45.70+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| November 29,2024 | December 1,2023 | |
| Net sales: | ||
| Products | $270,260 | $206,430 |
| Services | 70,842 | 67,817 |
| Total net sales | 341,102 | 274,247 |
| Cost of sales: | ||
| Products | 215,149 | 163,413 |
| Services | 28,141 | 27,984 |
| Total cost of sales | 243,290 | 191,397 |
| Gross profit | 97,812 | 82,850 |
| Operating expenses: | ||
| Research and development | 19,811 | 21,389 |
| Selling, general and administrative | 60,536 | 57,217 |
| Other operating (income) expense | 109 | 2,939 |
| Total operating expenses | 80,456 | 81,545 |
| Operating income | 17,356 | 1,305 |
| Non-operating (income) expense: | ||
| Interest expense, net | 4,396 | 9,559 |
| Other non-operating (income) expense | 636 | (576) |
| Total non-operating (income) expense | 5,032 | 8,983 |
| Income (loss) before taxes | 12,324 | (7,678) |
| Income tax provision | 6,360 | 3,534 |
| Net income (loss) from continuing operations | 5,964 | (11,212) |
| Net loss from discontinued operations | — | (8,148) |
| Net income (loss) | 5,964 | (19,360) |
| Net income attributable to noncontrolling interest | 747 | 561 |
| Net income (loss) attributable to Penguin Solutions | $5,217 | $(19,921) |
| Basic earnings (loss) per share: | ||
| Continuing operations | $0.10 | $(0.23) |
| Discontinued operations | — | (0.15) |
| $0.10 | $(0.38) | |
| Diluted earnings (loss) per share: | ||
| Continuing operations | $0.10 | $(0.23) |
| Discontinued operations | — | (0.15) |
| $0.10 | $(0.38) | |
| Shares used in per share calculations: | ||
| Basic | 53,482 | 52,068 |
| Diluted | 54,312 | 52,068 |
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