Logitech International S.A. (NASDAQ:LOGI) Q4 2022 Earnings Conference Call May 3, 2022 8:30 AM ET
Company Participants
Nate Melihercik - Head, Global Investor Relations
Bracken Darrell - President & Chief Executive Officer
Nate Olmstead - Chief Financial Officer
Conference Call Participants
Alex Duval - Goldman Sachs
Paul Chung - JPMorgan
Asiya Merchant - Citi
Erik Woodring - Morgan Stanley
Ananda Baruah - Loop Capital
Joern Iffert - UBS
Rob Sanders - Deutsche Bank
Adam Angelov - Bank of America
Nate Melihercik
All right. Good morning, good afternoon, everyone and welcome to Logitech's Video Call to discuss our Financial Results for the Fourth Quarter and Full Fiscal Year of 2022. Joining us today on the call 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 Re Act of 1995.
We are making these statements based on our views only as of today. Actual results could differ materially. And we undertake no obligation to update or revise any of these statements. We will also discuss non-GAAP financial results. And you can find a reconciliation between 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 recent annual and quarterly reports 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 do encourage you to review these materials carefully. And unless otherwise noted, comparisons between periods are year-over-year and in constant currency. Sales are net sales. And finally 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. Good morning, Bracken.
Bracken Darrell
Good morning, Nate and good morning, Nate and Nate. And thanks to all of you for joining us. I am so excited about the year that Logitech has had and our team's strong performance, despite a backdrop perhaps best defined as unpredictable and certainly challenging. In spite of this headwind, our teams delivered an outstanding fourth quarter and overall a tremendous fiscal year 2022.
Coming off a 74% net sales growth in the previous year, we challenged ourselves to continue the momentum and we did it. We posted our 9th consecutive year of growth, delivered strong growth in key categories like C&P and gaming, saw market share gains across our portfolio and geographies, and continued to invest in the future, using our strong gross profits to invest in key strategic areas like marketing and product development.