Logitech International (LOGI) FY2024 results: revenue $4.3 billion, down 5.3% on the year
Logitech International S.A. (LOGI) reported revenue of $4.3 billion for fiscal 2024, the year ended 31 March 2024, down 5.3% on the year before. Net income was $612 million, up 67.9%, and diluted earnings per share $3.87. The figures are the company's own, from the 10-K it filed with the SEC on 16 May 2024.
Revenue
$4.3 billion
-5.3% on the year
FY2017FY2024
Operating margin
13.7%
10.1% a year earlier
FY2017FY2024
Net income
$612 million
+67.9% on the year
FY2017FY2024
Diluted EPS
$3.87
+73.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,145
534
298
+114.4%
Capital expenditure
55.9
92.4
89.2
-39.5%
Free cash flow
1,089
442
209
+146.6%
Free cash flow margin
25.3%
9.7%
3.8%
Cash from investing
-70.3
-106
-108
Cash from financing
-690
-583
-607
Depreciation and amortisation
84.7
101
119
-15.9%
Share-based compensation
82.9
70.8
93.5
+17.1%
Buybacks
504
418
412
+20.5%
Dividends paid
182
159
159
+14.9%
Dividend per share
$1.19
$1.00
$0.95
+19.0%
Diluted shares, weighted
158m
164m
170m
-3.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,234
2,258
2,399
-1.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
61.9
58.4
28.2
+6.1%
Other liabilities
1,309
1,245
1,608
+5.2%
Total liabilities and equity
3,605
3,561
4,035
+1.2%
Fixed assets
117
122
110
-4.0%
Goodwill
462
455
448
+1.6%
Intangible assets
44.6
63.2
83.8
-29.4%
Trading assets
n/a
n/a
28.4
Cash and equivalents
1,521
1,149
1,329
+32.4%
Receivables
542
630
676
-14.1%
Inventory
423
683
933
-38.1%
Other assets
496
459
428
+8.1%
Total assets
3,605
3,561
4,035
+1.2%
10-K for the year ended 31 March 2024, filed 16 May 2024: the filing.