Our outlook incorporates the effects of the Company’s recent acquisition of Stratus Technologies, Inc. (C) Amortization of debt discount and other costs (B) Share-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A (A) Share-based compensation and amortization of acquisition-related intangibles included in cost of sales As evidenced by our acquisition of Stratus Technologies, we continue to invest in our future, and with multiple secular growth trends, we are positioned to drive attractive long-term returns for our shareholders.” “As we enter fiscal 2023, we remain focused on execution as we manage through macroeconomic uncertainties. “SGH delivered solid operating performance in the fourth quarter of fiscal 2022, capping off a record year of revenue, gross margins, adjusted EBITDA and non-GAAP earnings per share, as we continue our transformation into a diversified and growth-oriented company,” commented CEO Mark Adams. Repurchased 2.18 million shares for $39.8 million in cash Non-GAAP EPS of $0.80 versus $1.08 in the year-ago quarter GAAP EPS of $0.40 versus $0.39 in the year-ago quarter Non-GAAP gross margin of 24.6%, down 180 basis points versus the year-ago quarter GAAP gross margin of 23.7%, down 150 basis points versus the year-ago quarter Net sales of $438 million, down 6% versus the year-ago quarter Repurchased 2.63 million shares for $50.0 million in cash Non-GAAP EPS of $3.62 versus non-GAAP EPS of $2.61 for fiscal 2021 GAAP EPS of $1.22 versus GAAP EPS of $0.41 for fiscal 2021 Non-GAAP gross margin of 25.9%, up 370 basis points versus fiscal 2021 GAAP gross margin of 24.9%, up 440 basis points versus fiscal 2021 Net sales of $1.82 billion, up 21% versus fiscal 2021 Per share measures for all periods reflect the effect of the February 2022 two-for-one share split. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the fourth quarter and full year fiscal 2022. provide management with insights to address these issues.MILPITAS, Calif.-( BUSINESS WIRE)-SMART Global Holdings, Inc.highlight interpretative and practical application issues.remind management of the basic requirements of IAS 7.We are pleased to share these insights by publishing ‘IAS 7: Statement of Cash Flows…a guide to avoiding common pitfalls and application issues’ (the Guide) to assist users in addressing difficult interpretative issues arising from the application of IAS 7. Grant Thornton International, through its IFRS team, develops general guidance that supports its member firms’ commitment to high quality, consistent application of IFRS. However, this additional focus and scrutiny has also highlighted some common errorsĪnd inconsistencies in the application of IAS 7.įortunately, the member firms within Grant Thornton International Ltd (GTIL) have gained extensive insights into the Statement of Cash Flows. Greater focus on the Statement of Cash Flows by financial statement users, regulators and otherĬommentators. The increasing attention on companies’ cash generation and liquidity position has led to Further, IAS 7 requires all entities to present a Statement of Cash Flows – with no exceptions (IAS 7.3). A Statement of Cash Flows is part of an entity’s complete set of financial statements in accordance with paragraph 10 of IAS 1 ‘Presentation of Financial Statements’ (IAS 1.10).
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