Welcome to our dedicated page for Logitech Intl S A news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech Intl S A stock.
Logitech International S.A. reports developments tied to its software-enabled hardware business for work, creation and gaming. News commonly covers financial results, capital allocation through share buybacks and dividends, and product introductions across keyboards, mice, webcams, conference room cameras, headsets and related accessories.
Company updates also feature the Logitech G gaming business, including gaming keyboards and performance peripherals, as well as education and productivity accessories such as Rugged Combo keyboard cases for iPad. Other recurring items include management appointments, board-approved capital actions and disclosures from Logitech's Swiss public-company structure and Nasdaq-listed registered shares.
Logitech and choreographer JaQuel Knight hosted a dinner to honor BIPOC creators, culminating the #Creators4BIPOC month aimed at addressing barriers they face. They announced initiatives to help ten BIPOC creators secure copyright for their choreography, enhancing their ability to monetize their work. The event also featured the launch of a short film documenting these creators' journey toward copyright protection, supported by Logitech. This initiative marks a pivotal step toward empowering underrepresented artists in the entertainment industry.
Logitech International (SIX: LOGN, Nasdaq: LOGI) reported robust Q1 FY2022 results with sales reaching $1.31 billion, a 66% increase in US dollars and 58% in constant currency year-over-year. Operating income soared by 143% to $203 million, while GAAP EPS jumped 160% to $1.09. Non-GAAP operating income and EPS also showed significant growth, rising 100% and 91%, respectively. Despite the strong start, Logitech maintained its FY2022 outlook of flat sales growth in constant currency, indicating potential market challenges ahead.
Logitech International (Nasdaq: LOGI) will announce its FY 2022 first quarter financial results on July 26, 2021, at 9:00 PM EDT. A videoconference to discuss the results will be held on July 27, 2021, at 8:30 AM EDT. The event can be viewed via a livestream on Logitech's corporate website.
Logitech, founded in 1981, designs products that enhance everyday digital experiences, including brands such as Logitech G and ASTRO Gaming. The company is headquartered in Switzerland and traded on both the Swiss Exchange and Nasdaq.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has announced its 2021 Annual General Meeting (AGM) scheduled for September 8, 2021. Didier Hirsch, a board member since 2012 and chair of the Audit Committee, will step down at the end of his term. Deborah Thomas is set to succeed him, pending re-election. The company plans to propose an annual dividend of approximately CHF 0.87 per share, a 10% increase from FY 2020, with payments expected on September 22, 2021. The meeting will be held virtually due to COVID-19, allowing shareholders to vote via an independent proxy.
Logitech G has unveiled the Logitech G335 Wired Gaming Headset, a lightweight addition to its Color Collection. Weighing just 240 grams, the headset is designed for comfort with a slimmer fit and adjustable headband. It is available in three colors, including a new Mint option, and features plug-and-play compatibility with various gaming platforms via a 3.5 mm audio jack. Priced at $69 MSRP, the G335 aims to cater to gamers' desires for personalized gear. Logitech G also released matching accessories to further enhance customization.
Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ: LOGI), has announced the revamped 2021 Logitech McLaren G Challenge, starting July 1, 2021. This year's competition introduces three divisions: Open Wheel, Stock Car, and Sport Car Racing, utilizing iRacing and Assetto Corsa Competizione games. Winners will receive a trip to London and VIP experiences at the 2022 Formula 1 British Grand Prix. A celebrity Pro-Am race will also be held on July 7, featuring notable personalities. The Grand Finals Weekend will occur in Las Vegas on January 15, 2022, promising engaging activities for participants and fans.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has achieved a significant milestone by ensuring its products are free from conflict minerals. This accomplishment supports Logitech's commitment made in 2013 to maintain a supply chain that fosters peace and stability in regions affected by violence and human rights abuses. All products now comply with conflict-free standards, with 100% of in-scope smelters participating in third-party responsible minerals audits. Logitech's ongoing efforts in this area align with its goals of promoting transparency and responsible sourcing.
Jaybird has launched the Vista 2 True Wireless Sport Earbuds, enhancing their original model with improved durability and advanced technology. Designed for athletes, the Vista 2 features military-grade construction, SurroundSense technology, Active Noise Cancellation, and up to 24 hours of battery life. With a quick charge option and new in-ear detection, these earbuds combine safety and premium sound. Available for $199.99 in three colors, they also come with customizable EQ settings via the Jaybird App, which includes a unique feature to track the earbuds’ case.
Logitech (NASDAQ: LOGI) launches Logitech Scribe, an AI-driven whiteboard camera designed to enhance remote collaboration for meetings and classrooms. With compatibility for Microsoft Teams and Zoom, it offers clear broadcasts of whiteboard content, ensuring equitable participation for all users. Priced at $1,199, Scribe captures whiteboard content up to six by four feet and utilizes AI to enhance visibility. This product aims to address challenges in integrating non-digital content in virtual meetings, thus improving team interactivity in hybrid environments.
Logitech International (Nasdaq: LOGI) has filed its Annual Report on Form 10-K for Fiscal Year 2021 with the SEC. The filing is accessible via the SEC's website and Logitech's investor relations page. Additionally, the company anticipates the release of its annual report to shareholders, along with the invitation and proxy statement for its 2021 annual general meeting, scheduled for July 2021.