Ubiquiti Inc. Reports Third Quarter Fiscal 2021 Financial Results
Ubiquiti reported strong financial results for Q3 FY2021, with revenues reaching $467.2 million, marking a 38.5% increase year-over-year. The GAAP diluted EPS was $2.32, up 45.0%, while the non-GAAP diluted EPS hit $2.30, increasing 42.9% from the previous year. The company also amended its credit facility, securing a $500 million term loan and $700 million revolving credit. Additionally, a $0.40 per share cash dividend was announced, payable on May 24, 2021.
- Revenues increased by 38.5% year-over-year to $467.2 million.
- GAAP diluted EPS rose to $2.32, a 45.0% year-over-year increase.
- Non-GAAP diluted EPS increased to $2.30, up 42.9% year-over-year.
- Successful amendment of credit facility with $500 million term loan and $700 million revolving credit.
- Q3 FY2021 revenues decreased compared to $479.4 million in Q2 FY2021.
- Gross profit fell to $222.7 million from $230.7 million in Q2 FY2021.
Ubiquiti Inc. (NYSE: UI) (“Ubiquiti” or the “Company”) today announced its financial results for the third quarter fiscal 2021, ended March 31, 2021.
Third Quarter Fiscal 2021 Financial Summary
-
Revenues of
$467.2 million , increasing38.5% year-over-year -
GAAP diluted EPS of
$2.32 , increasing45.0% year-over-year -
Non-GAAP diluted EPS of
$2.30 , increasing42.9% year-over-year
Additional Financial Highlights
-
The Company amended and restated its credit facility, providing for a
$500 million term loan facility and a$700 million revolving credit facility, as disclosed in the Form 8-K filed on April 5, 2021. -
The Company's Board of Directors declared a
$0.40 per share cash dividend payable on May 24, 2021 to shareholders of record at the close of business on May 17, 2021.
Financial Highlights ($, in millions, except per share data) |
||||||
Income statement highlights |
|
F3Q21 |
|
F2Q21 |
|
F3Q20 |
Revenues |
|
467.2 |
|
479.4 |
|
337.4 |
Service Provider Technology |
|
152.4 |
|
149.9 |
|
106.4 |
Enterprise Technology |
|
314.9 |
|
329.6 |
|
231.0 |
Gross profit |
|
222.7 |
|
230.7 |
|
159.6 |
Gross Profit (%) |
|
|
|
|
|
|
Total Operating Expenses |
|
43.7 |
|
39.9 |
|
32.3 |
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FAQ
What were Ubiquiti's revenues for Q3 FY2021?
Ubiquiti reported revenues of $467.2 million for Q3 FY2021.
What is the GAAP EPS for Ubiquiti in Q3 FY2021?
The GAAP diluted EPS for Ubiquiti in Q3 FY2021 was $2.32.
When will Ubiquiti's dividend be paid?
Ubiquiti's dividend of $0.40 per share will be paid on May 24, 2021.
How much did Ubiquiti's revenues increase year-over-year?
Ubiquiti's revenues increased by 38.5% year-over-year.
What adjustments did Ubiquiti make to its credit facility?
Ubiquiti amended its credit facility to include a $500 million term loan and a $700 million revolving credit facility.
Ubiquiti Inc.
NYSE:UIUI RankingsUI Latest NewsUI Stock Data
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Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
United States of America
NEW YORK
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