The company said net sales for fiscal 2024 Q2, which ended March 29, 2024, were $3.97 billion, down 5% year over year on a reported basis and down 3% organically. Adjusted EPS was $1.86, up 13% year over year, and GAAP diluted EPS from continuing operations was $1.75.

1. 01

   The company said net sales for fiscal 2024 Q2, which ended March 29, 2024, were $3.97 billion, down 5% year over year on a reported basis and down 3% organically. Adjusted EPS was $1.86, up 13% year over year, and GAAP diluted EPS from continuing operations was $1.75.

2. 02

   The company said GAAP operating margin for Q2 was 17.4% and adjusted operating margin was 18.5%. Adjusted operating margin was up 250 basis points year over year, while GAAP operating margin and adjusted operating margin a year earlier were 12.9% and 16.0%, respectively.

3. 03

   The company said cash from operating activities for the first half of the fiscal year was $1.4 billion, up 18% year over year, and free cash flow was $1.1 billion, up 32%, setting a record for the first half.

4. 04

   The company outlined fiscal 2024 Q3 guidance, expecting net sales of about $4.0 billion, GAAP EPS from continuing operations of about $1.71, and adjusted EPS of about $1.85. The company said this outlook includes a $0.15 year-over-year headwind from tax and currency exchange rates.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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