Logitech Intl S A Stock Price, News & Analysis

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.

Logitech International (NASDAQ: LOGI) has released its FY24 Impact Report, highlighting significant progress in carbon reduction and sustainability efforts. The company has reduced its Scope 1 and 2 emissions by 58% since 2019 and Scope 3 emissions by 24% compared to 2021. Through its Designing for Sustainability (DfS) initiative, Logitech achieved a reduction of nearly 139,000 tons CO2e across its portfolio and operations in 2023.

Key achievements include:

• 75% of products now use recycled plastics
• 66% of products are carbon labeled
• 66 product lines use low-carbon aluminum
• 94% of electricity comes from renewable sources

Logitech has also made strides in equity and inclusion, achieving gender parity in its leadership team and 40% female representation on its Board of Directors.

Last month, Logitech's female leaders made a significant impact at the Dublin Tech Summit, a key European tech event. Anne Carrigy, Logitech's CIO, emphasized the role of AI in augmenting human capabilities during a panel discussion. Carrigy highlighted practical AI applications like Logitech's RightSight, which enhance productivity in remote meetings. She stressed AI's potential in democratizing digital access while maintaining human-centric values. Additionally, Emerald de Leeuw, Head of Privacy and AI Governance, discussed AI ethics, focusing on data protection and ethical standards. Logitech's participation underscores its commitment to ethical AI and human-centric technology.

Logitech G has introduced the G309 LIGHTSPEED Wireless Gaming Mouse, targeting gamers of all levels with advanced features and technologies. Priced at $79.99 and available from July 9, 2024, the mouse features dual-wireless connectivity, precision tracking, and the efficient HERO 25K sensor, offering over 300 hours of continuous gameplay with a 1 ms report rate on one AA battery, and 600 hours in Bluetooth mode. The mouse weighs 86 grams with the battery and 68 grams without it when using the POWERPLAY wireless charging system. The G309 also incorporates LIGHTSPEED technology for faster performance than wired mice and LIGHTFORCE hybrid optical-mechanical switches for improved actuation and response.

Logitech International (LOGI) has announced the release date for its first quarter financial results for Fiscal Year 2025. The results will be disclosed on Monday, July 22, 2024, at 6:00 p.m. Pacific Daylight Time and on Tuesday, July 23, 2024, at 3:00 a.m. Central European Summer Time.

A video conference to discuss these outcomes is scheduled for Tuesday, July 23, 2024, at 5:30 a.m. Pacific Daylight Time and 2:30 p.m. Central European Summer Time. Interested parties can access a livestream of the event on Logitech's corporate website at http://ir.logitech.com.

Logitech International announced significant changes to its board of directors, proposing the election of new members at the upcoming AGM on September 4, 2024. The nominees include Donald Allan, CEO of Stanley Black & Decker, Owen Mahoney, former CEO of Nexon, and Hanneke Faber, current CEO of Logitech. Patrick Aebischer will leave the board this fall due to tenure limits, and Wendy Becker, the current chairperson, will not seek reelection at the 2025 AGM. A committee, chaired by Chris Jones, will recommend Becker's successor. These changes aim to strengthen Logitech's leadership and strategic direction.

Ultimate Ears, a Logitech brand (NASDAQ: LOGI), has launched the EVERBOOM, a durable, portable speaker with 360° sound. The EVERBOOM features an IP67 rating, making it waterproof, dustproof, and floatable with a 55-meter Bluetooth range and 20 hours of playtime. It also has an Outdoor Boost button for enhanced bass, and an NFC feature for easy Bluetooth connection. Additionally, Ultimate Ears has updated its WONDERBOOM 4, BOOM 4, and MEGABOOM 4 speakers with recycled materials, enhanced sound, new colors, and USB-C charging ports. These products will be available in North America starting June 26, 2024, with prices ranging from $99.99 to $249.99.