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.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced the approval of all proposals at its annual general meeting (AGM), including an increased dividend for Fiscal Year 2024. Shareholders approved a dividend of approximately CHF 1.16 per share, an increase of about CHF 0.10 compared to the previous year. The company's chairperson, Wendy Becker, was re-elected with 86% approval, and all other nominees received strong majority support.
The dividend payment date is expected to be September 25, 2024, with a record date of September 24, 2024. Shares are anticipated to trade ex-dividend on the SIX Swiss Exchange and Nasdaq Global Select Market starting September 23, 2024. This increased dividend is part of Logitech's strategy to return capital to shareholders through dividends and share repurchases.
Logitech International (NASDAQ: LOGI) has announced the winners of its annual Future Positive Challenge, aimed at identifying sustainable solutions in electronics. Six companies were selected for their innovative approaches in various areas:
1. LITE-ON: Reducing material usage and carbon footprint in PCBs
2. Pragmatic Semiconductor: Developing sustainable, flexible integrated circuits
3. Achelous Pure Metal: Recovering valuable metals from lithium-ion batteries
4. TPIPLASTIC: Creating recycled plastics for computer products
5. Stora Enso: Providing renewable packaging solutions
6. Bin-e: Offering AI-enabled smart recycling bins
Winners will have the opportunity to collaborate with Logitech on proof-of-concept projects. The challenge aims to advance lower carbon impact technologies in the electronics industry.
Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ: LOGI), has partnered with Aimlabs to launch The Gauntlet, a new competition with over $100,000 in cash and prizes. The event is part of the Global Logitech G PLAYDAYS initiative and takes place within the Aimlabs application, available on PC and Xbox consoles.
The competition features Logitech G-branded tasks focusing on aiming, movement, and auditory gaming skills. Top performers can win Logitech G products, including the PRO X 60 Keyboard, PRO X 2 Headset, and PRO X Superlight 2 mouse for PC players, and ASTRO A30 and ASTRO A50 X Wireless Headsets for console players. Participants can also unlock exclusive in-game items in Aimlabs.
The Gauntlet runs from August 12, 2024 to October 31, 2024. All eligible participants have a chance to win prizes through monthly sweepstakes, regardless of skill level.
Logitech G, a leading gaming technology innovator, announces the return of Logi PLAY on September 17th, 2024. This global event celebrates gaming innovation, community, and play, featuring an unprecedented lineup of new product announcements and partnerships. The event will stream from multiple locations worldwide, including Paris, Berlin, Shanghai, and Silicon Valley, ensuring global participation.
Highlights include:
- A global livestream on major platforms like Twitch and YouTube
- New product launches from Logitech G and partners
- Interactive community engagement sessions
- 13 Days of unique deals on bestselling gear from September 17-29
Logi PLAY 2024 starts at 10:00 AM PDT and 7:00 PM CEST. Registration is now open at www.logitechg.com for this exciting celebration of gaming technology and community.
Logitech has achieved significant recognition in Fast Company's 2024 Innovation by Design Awards. The company won the Learning category for its Zone Learn headset, designed to appeal to children. Additionally, Logitech was named an honoree in the Product and Enterprise categories for its Casa Pop-Up Desk and Logi Dock Flex reservation system, respectively.
Fast Company's annual awards highlight projects that demonstrate ingenuity, problem-solving capabilities, and potential for positive industry impact. Malin Leschly, Logitech's Chief Design Officer, expressed gratitude for the recognition, emphasizing the company's commitment to designing products with meaningful global impact for users of all ages.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has announced the appointment of Matteo Anversa as its new Chief Financial Officer (CFO), effective September 1, 2024. Anversa will join Logitech's Group Management Team, reporting to CEO Hanneke Faber. With extensive experience in engineering, industrial technology, and B2B sectors, Anversa has previously held leadership roles at Fiat Chrysler Automobiles, Ferrari, General Electric, and Gentherm.
CEO Hanneke Faber highlighted Anversa's global perspective, drawn from his work and life in Asia, Europe, and North America, and his potential contribution to serving enterprise customers. Anversa expressed enthusiasm about joining Logitech, citing the company’s innovation-driven culture and strong growth potential.
Meeta Sunderwala, the interim CFO and chief accounting officer, was acknowledged for her support during the CFO transition.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has published its Annual Report for Fiscal Year 2024, which ended on March 31, 2024. The report is now accessible on the company's investor relations website and the SEC's website. This announcement, made in Lausanne, Switzerland, and San Jose, California, is in accordance with the SIX Swiss Exchange's ad hoc announcement requirements under Art. 53 LR. The availability of the annual report provides investors and stakeholders with comprehensive insights into Logitech's financial performance, business strategies, and operational highlights for the fiscal year 2024.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has filed its Quarterly Report on Form 10-Q for the first quarter of Fiscal Year 2025 with the U.S. Securities and Exchange Commission (SEC) on July 25, 2024. This filing is a routine regulatory requirement for publicly traded companies and provides detailed financial information for the specified period. The report is now available for public access on both the SEC's website (www.sec.gov) and Logitech's investor relations website (http://ir.logitech.com). This filing allows investors and analysts to review Logitech's financial performance and position for the most recent quarter.
Logitech is accelerating its sustainability efforts through Design for Sustainability, prioritizing carbon reductions across its product portfolio. The company has reduced its carbon footprint by 58% since 2019 and value chain emissions by 24% compared to 2021. Key initiatives include:
1. Next Life Plastics program: 73% of products use recycled plastic, eliminating over 25,000 tCO2e in 2023.
2. Low-carbon aluminum: Used in 66 product lines, saving 13,000 tCO2e in 2023.
3. Renewable electricity in factories and solar panel installation.
4. Smart battery features and recycled fabrics in new designs.
5. FSC-certified paper packaging for nearly 20% of products.
Logitech's approach focuses on designing smarter, with less, and for progress to achieve its 2030 science-based emissions goals.
Logitech International (NASDAQ: LOGI) reported strong Q1 FY2025 results, with net sales growing 12% to $1.1 billion. GAAP operating income surged 96% to $153 million, while non-GAAP operating income rose 67% to $182 million. GAAP EPS increased 136% to $0.92, and non-GAAP EPS grew 74% to $1.13. The company experienced growth across all regions and key categories.
Based on these results, Logitech raised its FY2025 outlook. The new forecast projects sales of $4.34 - $4.43 billion (1-3% growth) and non-GAAP operating income of $700 - $730 million (0-4% growth). CEO Hanneke Faber attributed the strong performance to disciplined execution and high-quality, broad-based growth.
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