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Logitech International SA - LOGI STOCK NEWS

Welcome to our dedicated page for Logitech International SA news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech International SA 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.

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Logitech receives Google Cloud DEI Partner of the Year Award in North America at Google Cloud Next. Logitech and Google unveil Google Meet on Android for Rally Bar family of video conferencing bars. Logitech's focus on supplier diversity has resulted in a nearly 80% increase in spend with diverse suppliers over the last 5 years.
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Logitech International has filed its Quarterly Report on Form 10-Q for the first quarter of Fiscal Year 2024 with the SEC. The company's three-year share buyback program, initiated in 2020, has expired, and they have announced a new $1 billion share buyback program approved by the Swiss Takeover Board.
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Logitech International reported financial results for the first quarter of Fiscal Year 2024. Sales were $974 million, down 16% in US dollars and 15% in constant currency compared to the prior year. GAAP operating income was $78 million, down 32% compared to the prior year. Non-GAAP operating income was $109 million, down 25% compared to the prior year. GAAP EPS was $0.39, down 36% compared to the prior year. Non-GAAP EPS was $0.65, down 12% compared to the prior year. Cash flow from operations was $240 million, up $275 million compared to the prior year.
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Logitech International (SIX: LOGN) (Nasdaq: LOGI) has announced the release date for its first quarter fiscal year 2024 financial results. The company will disclose the results on Monday, July 24, 2023, at 9:00 p.m. Eastern Daylight Time and Tuesday, July 25, 2023, at 3:00 a.m. Central European Summer Time.

Following the release, Logitech will host a videoconference on Tuesday, July 25, 2023, at 8:30 a.m. Eastern Daylight Time and 2:30 p.m. Central European Summer Time to discuss the results. Investors and interested parties can access a livestream of the event on the Logitech corporate website at http://ir.logitech.com.

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FAQ

What is the current stock price of Logitech International SA (LOGI)?

The current stock price of Logitech International SA (LOGI) is $83.03 as of December 24, 2024.

What is the market cap of Logitech International SA (LOGI)?

The market cap of Logitech International SA (LOGI) is approximately 12.6B.

What does Logitech International S.A. specialize in?

Logitech specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and wireless speakers.

Where are Logitech's headquarters located?

Logitech has dual headquarters located in Lausanne, Switzerland, and Newark, California, USA.

When was Logitech founded?

Logitech was founded in 1981.

What is Logitech's Design for Sustainability (DfS) initiative?

Logitech's Design for Sustainability (DfS) initiative aims to create products with reduced environmental impact, focusing on sustainable materials and innovative design processes.

What materials is Logitech experimenting with for sustainable product design?

Logitech is experimenting with sustainable materials such as cork, which is lightweight, heat-resistant, and impermeable, as part of their efforts to replace traditional plastics.

What is 'Next Life plastic'?

'Next Life plastic' is post-consumer recycled plastic used by Logitech to reduce the environmental impact of their products and promote a circular economy.

How has Logitech reduced single-use plastic in its packaging?

In 2022, Logitech reduced single-use plastic in its packaging by transitioning to paper-based alternatives, eliminating 500 tons of plastic packaging.

How does Logitech's innovation culture impact its products?

Logitech's innovation culture fosters creative and sustainable product designs, encouraging the use of new materials and processes that reduce environmental impact.

What are some of Logitech's recent sustainability achievements?

Recent sustainability achievements include the Design for Sustainability initiative and significant reductions in single-use plastic through innovative packaging solutions.

How does Logitech contribute to a circular economy?

Logitech contributes to a circular economy by using post-consumer recycled plastic in its products, minimizing waste, and promoting the reuse of materials.

Logitech International SA

Nasdaq:LOGI

LOGI Rankings

LOGI Stock Data

12.59B
147.27M
0.27%
58.69%
3.06%
Computer Hardware
Computer Peripheral Equipment, Nec
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United States of America
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