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Logitech International SA (LOGI.O)

LOGI.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Mad Catz reports sale of Saitek Simulation product line to Logitech
Thursday, 15 Sep 2016 05:30pm EDT 

Mad Catz Interactive Inc : Mad Catz® announces sale of Saitek® Simulation product line to Logitech . Sold its Saitek brand and Saitek line of flight, space and farm simulation game controller assets to Logitech International S.A. For $13 million in cash .Says $11 million of purchase price was paid in cash at closing and $2 million was deposited in escrow.  Full Article

Logitech acquires Saitek Simulation product line from Mad Catz
Thursday, 15 Sep 2016 05:30pm EDT 

Logitech International SA : Acquired Mad Catz interactive's Saitek(REG) brand, Saitek line of flight, space simulation game controller assets for $13 million in cash .Says asset acquisition is not considered material to Logitech's quarterly or full year financial results.  Full Article

Logitech CEO says confident company can reach new raised guidance
Thursday, 28 Jul 2016 08:03am EDT 

: Logitech CEO Bracken Darrell tells Reuters his company is benefiting from growth in most categories, regions . Rules out large acquisitions, doesn't need acquistions to reach target . Logitech CEO says confident company can reach new raised guidance after strong start in Q1 . Logitech CEO says feels good about momentum, new products in pipeline . Logitech CEO says sees growth of around 10 percent for mobile speakers this year . Logitech CEO says sees opportunity for computer peripherals in weak PC market Further company coverage: [LOGN.S] (Reporting by Zurich Newsroom) ((John.Revill@thomsonreuters.com;)).  Full Article

Logitech international Q1 Shr from cont ops $0.13
Wednesday, 27 Jul 2016 09:00pm EDT 

Logitech : Accelerates with best retail sales growth in over five years, up 13% . Increased its non-gaap operating income outlook for fy 2017 to between $195 million and $205 million, up from $185 million to $200 million. . Says q1 retail sales grew 13 percent in constant currency, . Says raised its fy 2017 outlook to 8 to 10 percent retail sales growth in constant currency . Says q1 gaap earnings per share from continuing operations were $0.13 .Says q1 sales were $480 mln, up 7 percent compared to q1 of prior year.  Full Article

Logitech International confirms FY 2017 outlook
Wednesday, 27 Apr 2016 08:00pm EDT 

Logitech International SA:Logitech confirmed its FY 2017 outlook of $185 million to $200 million in non-GAAP operating income and constant currency retail sales growth in the mid-single digits.  Full Article

Logitech International SA - SEC sues Logitech ex-CFO, ex-acting controller - Reuters News
Tuesday, 19 Apr 2016 06:12pm EDT 

Logitech International SA:SEC sues Logitech international sa's LOGN.S former CFO Erik Bardman, former acting controller jennifer wolf -- court filing.SEC accuses defendants of scheming to materially inflate company's operating income in 2011.SEC accuses defendants of concealing disappointing performance of company's "revue" set-top device.SEC accuses defendants of misleading auditor.SEC says defendants' conduct caused Logitech to overstate 2011 operating income, culminating in a restatement of results in 2014.SEC civil lawsuit seeks to recoup ill-gotten gains and bonuses, impose fines, and impose officer and director bans.  Full Article

Logitech International SA to Acquire Jaybird
Tuesday, 12 Apr 2016 05:00pm EDT 

Logitech International SA:To acquire jaybird, expanding into the fast-growing wireless audio wearables market.Says agreed to acquire jaybird llc for approximately $50 million in cash.Says Logitech does not expect the acquisition to materially impact its FY 2017 guidance.Deal includes an additional earn-out of up to $45 million based on achievement of growth targets over next two years.Says jaybird was provided financial advice exclusively by stifel throughout acquisition process.  Full Article

Logitech International SA confirms FY 2016 outlook, issues FY 2017 outlook
Tuesday, 1 Mar 2016 11:30pm EST 

Logitech International SA:Reiterates FY 2016 outlook; provides FY 2017 outlook.Says outlook for FY 2017 of $185 million to $200 million in non-GAAP operating income.Still sees FY 2016 $170 million in non-GAAP operating income.  Full Article

Logitech International raises FY 2016 outlook
Wednesday, 20 Jan 2016 09:00pm EST 

Logitech International SA:Increased its profitability outlook for FY 2016 to about $170 million in non-GAAP operating income from $150 million, which included Lifesize.Company also increased its outlook for FY 2016 retail sales to 7 to 9 pct growth in constant currency, up from 7 pct.  Full Article

Logitech International SA reaffirms FY 2016 non-GAAP operating income
Wednesday, 22 Jul 2015 09:00pm EDT 

Logitech International SA:Confirmes FY 2016 outlook of $150 million in non-GAAP operating income.Sees FY 2016 retail sales growth of 7 percent in constant currency.  Full Article