Logitech International SA (NASDAQ:LOGI) Q2 2023 Earnings Conference Call October 25, 2022 8:30 AM ET

Company Participants

Nate Melihercik – Investor Relations

Bracken Darrell – President and Chief Executive Officer

Nate Olmstead – Chief Financial Officer

Conference Call Participants

Asiya Merchant – Citi

Paul Chung – JPMorgan

Alex Duval – Goldman Sachs

Adam Angelov – Bank of America

Joern Iffert – UBS

Rob Sanders – Deutsche Bank

Erik Woodring – Morgan Stanley

Serge Rotzer – Credit Suisse

Michael Foeth – Vontobel

Ananda Baruah – Loop

Nate Melihercik

Okay. Good morning, and good afternoon. Thank you, everyone, for joining us. Welcome to Logitech’s Video Call to discuss our Financial Results for the Second Quarter of Fiscal 2023. Joining us today are Bracken Darrell, our President and CEO; and Nate Olmstead, our CFO.

During this call, we will make forward-looking statements, including with respect to future operating results under the Safe Harbor of the Private Securities Litigation Reform Act of 1995. We’re making these statements based on our views only as of today and our actual results could differ materially.

We undertake no obligation to update or revise any of these statements, and we will also discuss non-GAAP financial results. You can find a reconciliation of these non-GAAP and GAAP results and information about our use of non-GAAP measures and factors that could impact our financial results in our press release and in our filings with the SEC, including our most annual – most recent Annual Report and subsequent filings.

These materials as well as our prepared remarks and slides and a webcast of this call are all available at the Investor Relations page of our website. We encourage you to review these materials carefully. Unless noted otherwise, comparisons between periods are year-over-year and in constant currency and sales are net sales. This call is being recorded and will be available for a replay on our website.

With that, I will now turn the call over to Bracken. Bracken?

Bracken Darrell

Thank you, Nate, and thanks to all of you, as usual, for joining us. Last quarter, we discussed the ongoing macroeconomic and geopolitical challenges impacting Logitech and the world. And the short story is that the industry is volatile. Inflation continues to be an issue, the dollar remains strong, the war continues, and consumer confidence appears to be tepid.

Despite this volatility, we’re committed to a straightforward approach as we manage the business. We’ll continue to invest in product innovation, volume managed in the near-term conservatively.