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. is a renowned Swiss-American multinational company specializing in the design, manufacture, and marketing of computer peripherals and software. Established in 1981 and headquartered in both Lausanne, Switzerland, and Newark, California, Logitech has grown to become a leading name in the tech industry.
The company offers a wide array of products, including mice, keyboards, webcams, conference room cameras, headsets, and music-related items such as wireless speakers. Logitech's commitment to innovation and quality has earned it a significant share of the global market for computer accessories.
Recent developments highlight Logitech's dedication to sustainability and environmental responsibility. In April 2024, Logitech announced its Design for Sustainability (DfS) initiative, focusing on creating products with a reduced environmental impact. This includes experimenting with materials like cork, which is lightweight, heat-resistant, and impermeable. Logitech's innovative culture aims to replace traditional plastics with more sustainable alternatives.
Notably, Logitech has made strides in using post-consumer recycled plastic, which they term 'Next Life plastic.' This initiative is part of their broader strategy to minimize the carbon footprint and promote a circular economy. In 2022, Logitech successfully eliminated 500 tons of single-use plastic from its packaging, a testament to its ongoing commitment to environmental sustainability.
Logitech continues to push the boundaries of design and technology, fostering a workplace environment that encourages innovation and sustainability. The company's dedication to these principles not only helps protect the planet but also positions it as a leader in the tech industry.
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).
Logitech (NASDAQ: LOGI) has expanded its partnership with iFixit globally, making OEM replacement parts available for over 20 devices through the Logitech Repair Hub. The initiative now covers 62 countries, including the US, Canada, Australia, Japan, and Europe, offering repair guides in eight languages.
The expansion includes support for various Logitech and Logitech G mice, keyboards, and headsets. According to a 2021 YouGov survey, 54% of global consumers prefer repairing over replacing electronic devices, while a 2024 Consumer Reports survey indicates that 70% of consumers prioritize reasonable repair costs. Additionally, 84% of Americans support 'right to repair' policies.
The partnership provides original manufacturer parts and repair guides for products including MX Master series mice, MX Keyboard, PRO X Superlight Mouse, and various G-series gaming peripherals. The initiative aims to extend product lifespan, reduce waste, and offer cost-effective repair solutions for customers.
Logitech (NASDAQ: LOGI) has announced Rally Board 65, an all-in-one portable video conference solution combining intelligent audio, video, and a 65" touchscreen display. The device, priced at $6,999 and launching in May 2025, features AI-powered capabilities including RightSight 2 and RightSound 2 technology.
The system can be operational within minutes in Android, PC, or BYOD mode, supporting major platforms like Microsoft Teams, Zoom, and Google Meet. Key features include 4K video, Camera Zone for visual framing, Mic Zone for sound control, and Depth Blur for background obscuring. The device incorporates sensors for occupancy detection and environmental monitoring, providing data on humidity, temperature, and CO2 levels through Logitech Sync platform.
Rally Board 65 demonstrates environmental consciousness with up to 41% next-life plastics usage, low-carbon aluminum, and recycled materials. The device includes power-saving features through its radar system, automatically entering lower power state when spaces are unoccupied.
Logitech (NASDAQ: LOGI) has unveiled Logitech Spot, an innovative workplace sensor combining occupancy detection and environmental monitoring capabilities. This battery-powered device, launching in the second half of 2025, uses radar technology to detect space occupancy and automate meeting room reservations while monitoring environmental conditions.
The sensor can be easily installed wirelessly and pairs via Bluetooth with CollabOS devices or LoRaWan gateways. It integrates with the Logitech Sync management portal, providing IT and facilities teams with room performance data and calculating Health and Energy Scores with actionable suggestions.
Logitech Spot is compatible with major workplace platforms including Microsoft Places, Microsoft Teams, Appspace, Metrikus, Samsung Smart Things Pro, and Zoom Workplace. The device operates on standard batteries lasting up to four years and will be available with Essential or Select service plans priced at $199 and $399 per room annually, respectively.
Logitech (NASDAQ: LOGI) has unveiled the Rally Camera Streamline Kit, a USB Pan Tilt Zoom (PTZ) video solution targeting hyflex learning environments and modern workspaces. The kit, built around Logitech's flagship Rally Camera, features easy preset camera view switching and simplified installation.
The solution includes the Rally Camera, an Extension Kit with a camera side base that can connect up to 100 meters away via category cable, and a control box for USB-based AV equipment integration. The kit offers versatile mounting options and works with most operating systems and popular video collaboration platforms.
The Rally Camera Streamline Kit will be available for pre-order in spring 2025 at a suggested retail price of $2,199. The package includes the Rally Camera, Extension Kit, mounts, and three preset buttons, with additional components available as add-ons.
Logitech G's Streamlabs (NASDAQ: LOGI) announced a collaboration with NVIDIA and Inworld AI to develop an intelligent streaming assistant. The AI-powered tool features three main functions: a 3D Sidekick that serves as an interactive co-host, a Producer that manages scenes and stream elements, and a Technical Assistant for setup and troubleshooting.
The assistant leverages NVIDIA ACE's digital human technologies for animations and 3D rendering, while Inworld provides the cognitive engine for processing inputs and executing commands. The system will run on local GeForce RTX GPUs for low latency performance. The streaming assistant will be available through the Streamlabs App Store, with its formal unveiling planned for CES 2025 and release projected for the first half of 2025.
Logitech International (NASDAQ: LOGI) has announced the schedule for releasing its third quarter fiscal year 2025 financial results. The company will release the results on Tuesday, January 28, 2025 at 1:00 p.m. Pacific Standard Time (PST) / 10:00 p.m. Central European Time (CET). A videoconference to discuss the results will follow at 1:30 p.m. PST / 10:30 p.m. CET on the same day. Investors can access the livestream of the event through Logitech's corporate website at ir.logitech.com.
Logitech (LOGI) has been included in the Dow Jones Sustainability Index (DJSI) for Europe for the fifth consecutive year, highlighting its strong Environmental, Social, and Governance (ESG) performance. The company's sustainability achievements include:
- Progress toward 50% indirect carbon emissions reduction by 2030
- Three-quarters of products using recycled plastic material
- 66% of products now carbon labeled, targeting 100% by 2025
- 94% electricity from renewable sources
- CDP Supplier Engagement Leader status for third consecutive year
The company received multiple recognitions, including an MSCI 'AAA' rating and 'Prime' status from ISS. Chief Operating Officer Prakash Arunkundrum emphasized their commitment to sustainability through innovative materials, technologies, and processes to reduce carbon emissions and advance circular solutions.
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