Logitech Intl S A - LOGI STOCK NEWS

Logitech G (NASDAQ: LOGI) has partnered with Aimlabs for their second annual gaming competition, offering $100,000 worth of prizes. The Logitech G PLAYDAYS x Aimlabs event, running from April 17 to June 15, 2025, features three new gaming tasks: FINSWITCH, HEROSCOPE, and OMNITRACK. Top 50 PC players will win PRO X TKL RAPID Gaming Keyboards, while Top 25 Xbox players receive ASTRO A50 LIGHTSPEED Wireless Gaming Headsets. The competition includes exclusive in-game rewards like weapon skins, emblems, and backgrounds for all participants, with additional sweepstakes opportunities for Spring 2025 season registrants.

Logitech (NASDAQ: LOGI) has reaffirmed its financial outlook for fiscal year 2025 while withdrawing its FY 2026 guidance due to tariff uncertainty. The company expects:

• FY 2025 net sales between $4.54 billion and $4.57 billion
• Year-over-year sales growth of 5.4% to 6.4% in US dollars
• Growth of 6.2% to 7.1% in constant currency
• Non-GAAP operating income between $755 million and $770 million

The company has withdrawn its fiscal year 2026 outlook citing ongoing uncertainty in the tariff environment. Logitech uses non-GAAP measures and constant currency calculations to provide clearer comparisons of its performance across periods.

Logitech International (LOGI) has scheduled the release of its fourth quarter and Fiscal Year 2025 financial results for Tuesday, April 29, 2025. The announcement will be made at 1:00 p.m. Pacific Daylight Time (PDT) and 10:00 p.m. Central European Summer Time (CEST).

A videoconference to discuss the results will follow at 1:30 p.m. PDT / 10:30 p.m. CEST. Investors and interested parties can access the livestream of the event through Logitech's corporate website at http://ir.logitech.com.

Logitech (NASDAQ: LOGI) announces major progress in eliminating plastic clamshell packaging from its mice product lines, with the transition to paper packaging now 90% complete. This initiative will remove 660 tons of plastic and reduce 6,000 tons of CO2, equivalent to eliminating over 37 million single-use plastic water bottles annually.

The company aims to complete the global transition across its product portfolio by the end of 2025. This move aligns with consumer preferences, as 61% of consumers globally express interest in choosing recyclable packaging. The shift to paper packaging not only makes products easier to open but also optimizes package weight and size, reducing the product's carbon footprint.

Previously, Logitech eliminated 1,800 tons of packaging material through design modifications and implemented various sustainable initiatives, including an FSC-certified paper packaging program in 2019 and a Single-Use Plastics Policy in 2021.

Logitech (LOGI) has achieved a significant milestone by being included in the prestigious CDP Climate A List for the first time, while also receiving an A- score in Water Security. CDP, a global non-profit organization, evaluated over 24,000 corporations in 2024, representing two-thirds of global market capitalization.

The company's key sustainability initiatives include:

• Design for Sustainability program focusing on absolute carbon reductions
• Supporting suppliers in obtaining renewable electricity certificates
• Third-party reviewed Product Carbon Footprint studies for over 66% of product portfolio
• Shifting manufacturing to renewable energy, matching 94% of electricity footprint with renewable sources

CEO Hanneke Faber emphasized that sustainability is a business priority that drives customer preference and can reduce costs. The company aims to carbon label its entire portfolio by 2025.

Logitech (LOGI) has outlined its growth strategy and financial outlook during its Analyst & Investor Day. The company confirmed its FY2025 outlook with projected net sales between $4.54-4.57 billion, representing 5.4-6.4% growth in USD, and non-GAAP operating income of $755-770 million.

For FY2026, Logitech expects net sales of $4.53-4.71 billion (-1% to 3% YoY in USD) and non-GAAP operating income of $720-780 million. The company unveiled an updated long-term model targeting 7-10% net sales growth, 40%+ non-GAAP gross margin, and 15-18% non-GAAP operating margin.

In a significant move for shareholders, Logitech announced plans for $2 billion in share buybacks over three years, including a $600 million increase to the current program effective March 2025. The company's capital allocation strategy focuses on organic growth investment, annual dividends, M&A, and share repurchases.

Logitech International (SIX: LOGN) (Nasdaq: LOGI) has announced its upcoming participation in the Morgan Stanley Technology, Media & Telecom (TMT) Conference. The event is scheduled for March 6, 2025, at 11:30 a.m. PST in San Francisco, California.

Company leaders will be present at the conference, and interested parties can access the webcast through Logitech's corporate website at http://ir.logitech.com. The webcast recording will be archived and remain accessible for one year after the event.

Logitech International (SIX: LOGN) (Nasdaq: LOGI) has announced the filing of its Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2025 with the U.S. Securities and Exchange Commission (SEC) on January 29, 2025. The report is accessible to the public through both the SEC's website and Logitech's investor relations portal.

Logitech (LOGI) reported strong Q3 FY2025 financial results with sales reaching $1.34 billion, up 7% in US dollars and 6% in constant currency year-over-year. The company achieved a GAAP gross margin of 42.9% and non-GAAP gross margin of 43.2%, both up 90 basis points from the previous year.

GAAP operating income increased 6% to $235 million, while non-GAAP operating income rose 7% to $266 million. GAAP EPS decreased 15% to $1.32, but non-GAAP EPS grew 4% to $1.59. The company generated $371 million in operating cash flow and maintained a strong cash position of $1.5 billion.

Following strong Q3 performance, Logitech raised its FY2025 outlook, now projecting sales between $4.54-4.57 billion (5.4-6.4% growth) and non-GAAP operating income of $755-770 million (8-10% growth).