Logitech International S.A. (NASDAQ:LOGI) Q3 2024 Results Conference Call January 23, 2024 8:30 AM ET
Company Participants
Nate Melihercik - Head of Global Investor Relations
Hanneke Faber - Chief Executive Officer
Chuck Boynton - Chief Financial Officer
Conference Call Participants
Samik Chatterjee - J.P Morgan
George Wang - Barclays
Asiya Merchant - Citi
Erik Woodring - Morgan Stanley
Juergen Wagner - Stifel
Ananda Baruah - Loop Capital
Joern Iffert - UBS
Andreas Mueller - ZKB
Torsten Sauter - Kepler Cheuvreux
Martin Jungfleisch - BNP Paribas
Michael Foeth - Vontobel Holding AG
Nate Melihercik
Good morning and good afternoon. Welcome to Logitech’s Video Call to discuss our Financial Results for the Third Quarter of Fiscal Year 2024. Joining us today are Hanneke Faber, our CEO; and Chuck Boynton, 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 are 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.
We will also discuss our non-GAAP financial results, and you can find a reconciliation between GAAP and non-GAAP results and information about our use of non-GAAP measures and factors that could impact our financial results and forward-looking statements in our press release and in our filings with the SEC. These materials, as well as the shareholder letter 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 net sales. This call is being recorded and will be available for a replay on our website.
I’ll now turn the call over to Hanneke. Hanneke?
Hanneke Faber
Thank you, Nate, and welcome everyone. I'm very excited to be here today for my first earnings call at Logitech. Now, you've probably noticed that this quarter we introduced a new document as part of our earnings material, a shareholder letter. This letter is intended to be a comprehensive review of our quarterly results and includes commentary that previously would've been covered at the beginning of the call. So today, after brief opening remarks, we will move directly into Q&A.
Now, let's move on to this quarter. Our team delivered really solid results in the third quarter, and I am proud of the products innovation, the share gains, the operational discipline, and a prudent financial management throughout the quarter, resulting in really healthy gross margins and exceptional cash flow generation.