Sklar Kirsh LLP is a GOLD SPONSOR at the Centurion One Capital 6th Annual LA Summit
This four-day invitation only and curated event will feature:
public and private companies across emerging and growth sectors
highly selective audience of global growth investors
insightful panel discussions led by globally renowned experts and thought leaders
VIP networking events and a captivating entertainment program
Centurion One Capital 6th Annual LA Summit
Format: Presentations, Panel Discussions and 1 X 1 Investor MeetingsPresentation Dates: Wednesday, June 4th and Thursday, June 5th, 2025Time: 9:00 AM PDT - 5:00 PM PDT Venue: The Beverly Hills Hotel
For more information and registration details, please visit: https://www.centuriononecapital.com/la-summit.
Sklar Kirsh LLP is looking forward to attending this landmark event and having the opportunity to engage with industry leaders and global growth investors and building meaningful relationships and exploring the next wave of growth companies shaping North America's future.
About Sklar Kirsh LLP
Sklar Kirsh LLP is a corporate, real estate, and litigation law firm founded by attorneys from nationally and internationally recognized firms who provide top tier legal services in an entrepreneurial, sophisticated, and focused manner. We counsel privately held and public companies, family offices, and high net-worth individuals on legal and business matters that arise at all stages of the business and real estate life cycles, including mergers and acquisitions, purchase and sale agreements, equity and debt financings, leasing, corporate governance, tax, executive compensation and employment arrangements, and dispute resolution. We also provide premiere level litigation representation to individuals and businesses in a variety of market sectors with deep experience in handling business and real estate litigation.
Learn more about Sklar Kirsh LLP at www.sklarkirsh.com.
Andrew Kirsh3108456416akirsh@sklarkirsh.comJeff Sklarjsklar@sklarkirsh.com
About Centurion One Capital
Centurion One Capital ("Centurion One") is the premier independent Investment Banking firm dedicated to fueling the growth and success of growth companies in North America. With an unwavering commitment to delivering comprehensive financial solutions and strategic guidance, Centurion One is a trusted strategic partner and catalyst to propel issuers to unlock their full potential.
Our team comprises seasoned professionals who combine extensive financial expertise with deep knowledge of various sectors. We take a proactive and results-driven approach, working closely with our clients to develop tailored strategies and execute transactions that maximize value and drive long-term success.
Centurion One - Empowering Growth. Driving Innovation. Partnering for Success.
For more information about Centurion One, visit www.centuriononecapital.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253756
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For more information about Logitech and its products, visit the company's website at LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands, except per share amounts) - unaudited Three Months Ended June 30, GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 2025 2024 Net sales $ 1,147,703 $ 1,088,217 Cost of goods sold 666,592 619,517 Amortization of intangible assets 2,149 2,442 Gross profit 478,962 466,258 Operating expenses: Marketing and selling 195,796 196,905 Research and development 74,587 75,307 General and administrative 41,797 37,458 Amortization of intangible assets and acquisition-related costs 2,646 2,703 Restructuring charges, net 2,042 386 Total operating expenses 316,868 312,759 Operating income 162,094 153,499 Interest income 11,229 15,790 Other income (expense), net 1,162 (1,898 ) Income before income taxes 174,485 167,391 Provision for income taxes 28,470 25,558 Net income $ 146,015 $ 141,833 Net income per share: Basic $ 0.99 $ 0.93 Diluted $ 0.98 $ 0.92 Weighted average shares used to compute net income per share: Basic 147,864 153,300 Diluted 149,053 154,978 LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands, except per share amounts) - unaudited June 30, March 31, CONDENSED CONSOLIDATED BALANCE SHEETS 2025 2025 Current assets: Cash and cash equivalents $ 1,487,822 $ 1,503,205 Accounts receivable, net 636,523 454,546 Inventories 499,770 503,747 Other current assets 154,106 131,211 Total current assets 2,778,221 2,592,709 Non-current assets: Property, plant and equipment, net 116,103 113,858 Goodwill 465,790 463,230 Other intangible assets, net 20,324 24,630 Other assets 362,525 344,077 Total assets $ 3,742,963 $ 3,538,504 Current liabilities: Accounts payable $ 549,936 $ 414,586 Accrued and other current liabilities 672,788 686,503 Total current liabilities 1,222,724 1,101,089 Non-current liabilities: Income taxes payable 97,074 88,483 Other non-current liabilities 235,913 221,512 Total liabilities 1,555,711 1,411,084 Shareholders' equity: Registered shares, CHF 0.25 par value Issued shares: 168,994 at June 30, 2025 and March 31, 2025 29,432 29,432 Additional paid-in capital 64,604 82,591 Shares in treasury, at cost Treasury shares: 21,443 and 20,485 at June 30, 2025 and March 31, 2025 respectively (1,536,190 ) (1,464,912 ) Retained earnings 3,759,569 3,627,261 Accumulated other comprehensive loss (130,163 ) (146,952 ) Total shareholders' equity 2,187,252 2,127,420 Total liabilities and shareholders' equity $ 3,742,963 $ 3,538,504 LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands) - unaudited Three Months Ended June 30, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 2025 2024 Cash flows from operating activities: Net income $ 146,015 $ 141,833 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 15,064 14,506 Amortization of intangible assets 4,795 5,079 Loss on investments 393 1,186 Share-based compensation expense 32,828 23,405 Deferred income taxes 12,113 11,662 Other (25 ) (24 ) Changes in assets and liabilities: Accounts receivable, net (166,767 ) (53,952 ) Inventories 17,304 (39,095 ) Other assets (19,817 ) 4,907 Accounts payable 135,003 109,028 Accrued and other liabilities (51,861 ) (42,506 ) Net cash provided by operating activities 125,045 176,029 Cash flows from investing activities: Purchases of property, plant and equipment (16,276 ) (14,586 ) Purchases of deferred compensation investments (3,261 ) (695 ) Proceeds from sales of deferred compensation investments 1,738 738 Other investing activities (301 ) (816 ) Net cash used in investing activities (18,100 ) (15,359 ) Cash flows from financing activities: Purchases of registered shares (121,657 ) (130,899 ) Proceeds from exercises of stock options and purchase rights 3,262 4,618 Tax withholdings related to net share settlements of restricted stock units (16,038 ) (18,853 ) Net cash used in financing activities (134,433 ) (145,134 ) Effect of exchange rate changes on cash and cash equivalents 12,105 (1,998 ) Net increase (decrease) in cash and cash equivalents (15,383 ) 13,538 Cash and cash equivalents, beginning of the period 1,503,205 1,520,842 Cash and cash equivalents, end of the period $ 1,487,822 $ 1,534,380 LOGITECH INTERNATIONAL S.A. 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Consistent with this approach, we believe that disclosing non-GAAP financial measures to the readers of our financial statements provides useful supplemental data that, while not a substitute for GAAP financial measures, can offer insight in the review of our financial and operational performance and enables investors to more fully understand trends in our current and future performance. In assessing our business during the quarter ended June 30, 2025 and prior periods presented, we excluded items in the following general categories, each of which are described below: Share-based compensation expense. We believe that providing non-GAAP measures excluding share-based compensation expense, in addition to the GAAP measures, allows for a more transparent comparison of our financial results from period to period. We prepare and maintain our budgets and forecasts for future periods on a basis consistent with this non-GAAP financial measure. Further, companies use a variety of types of equity awards as well as a variety of methodologies, assumptions and estimates to determine share-based compensation expense. We believe that excluding share-based compensation expense enhances our ability and the ability of investors to understand the impact of non-cash share-based compensation on our operating results and to compare our results against the results of other companies. Amortization of intangible assets. We incur intangible asset amortization expense, primarily in connection with our acquisitions of various businesses and technologies. The amortization of purchased intangibles varies depending on the level of acquisition activity. We exclude these various charges in budgeting, planning and forecasting future periods and we believe that providing the non-GAAP measures excluding these various non-cash charges, as well as the GAAP measures, provides additional insight when comparing our gross profit, operating expenses, and financial results from period to period. Acquisition-related costs. We incurred expenses in connection with our acquisitions which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition-related costs include certain incremental expenses incurred to effect a business combination. We believe that providing the non-GAAP measures excluding these costs, as well as the GAAP measures, assists our investors because such costs are not reflective of our ongoing operating results. Restructuring charges (credits), net. These charges (credits) are associated with restructuring plans, and will vary based on the initiatives in place during any given period. Restructuring charges may include costs related to employee terminations, facility closures and early cancellation of certain contracts as well as other costs resulting from our restructuring initiatives. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such charges (credits) are not reflective of our ongoing operating results. Loss (gain) on investments. We recognize losses (gains) related to our investments in various companies, which vary depending on the operational and financial performance of the companies in which we invest. These amounts include our losses (earnings) on equity method investments, as well as investment impairments and losses (gains) resulting from sales or other events related to our investments. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such losses (gains) are not reflective of our ongoing operations. Non-GAAP income tax adjustment. Non-GAAP income tax adjustment primarily measures the income tax effect of non-GAAP adjustments excluded above as well as the income tax impact of non-recurring deferred taxes, tax settlements, and other non-routine tax events, the determination of which is based upon the nature of the underlying items. Each of the non-GAAP financial measures described above, and used in this press release, should not be considered in isolation from, or as a substitute for, a measure of financial performance prepared in accordance with GAAP. Further, investors are cautioned that there are inherent limitations associated with the use of each of these non-GAAP financial measures as an analytical tool. In particular, these non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and many of the adjustments to the GAAP financial measures reflect the exclusion of items that are recurring and may be reflected in the Company's financial results for the foreseeable future. We compensate for these limitations by providing specific information in the reconciliation included in this press release regarding the GAAP amounts excluded from the non-GAAP financial measures. In addition, as noted above, we evaluate the non-GAAP financial measures together with the most directly comparable GAAP financial information. Additional Supplemental Financial Information - Constant Currency In addition, Logitech presents percentage sales growth in constant currency to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period's average exchange rate for that currency and comparing that to current period sales. (LOGIIR) View source version on Contacts Editorial Contacts: Kate Beerkens, Director of Investor Relations - ir@ Bruno Rodriguez, Head of Corporate Communications - mediarelations@ Ben Starkie, Corporate Communications - +41 (0) 79-292-3499, bstarkie1@
