Logitech International Full Year 2024 Earnings: Beats Expectations

Logitech International (VTX:LOGN) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.30b (down 5.3% from FY 2023).
• Net income: US$612.1m (up 68% from FY 2023).
• Profit margin: 14% (up from 8.0% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$3.91 (up from US$2.25 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Logitech International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$1.55b (36% of total revenue). Notably, cost of sales worth US$2.51b amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$730.3m (61% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$14.8m. Explore how LOGN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Tech industry in Europe.

Performance of the market in Switzerland.

The company's shares are up 4.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Logitech International's balance sheet.

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