Logitech Exceeds Full-Year Sales and Profit Outlook

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full year of Fiscal Year 2020, ended March 31, 2020.

For Fiscal Year 2020:

  • Sales were Logitech’s highest ever at $2.98 billion, up 7 percent in US dollars and 9 percent in constant currency compared to the prior year.
  • GAAP operating income grew 5 percent to $276 million, compared to $263 million a year ago. GAAP earnings per share (EPS) grew 75 percent to $2.66, compared to $1.52 a year ago.
  • Non-GAAP operating income grew 10 percent to $387 million, compared to $352 million a year ago. Non-GAAP EPS grew 7 percent to $2.15, compared to $2.01 a year ago.
  • Cash flow from operations was a record $425 million, compared to $305 million a year ago. […]

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