SMART Global Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2024
July 09, 2024 at 04:05 pm EDT
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SMART Global Holdings, Inc. reported earnings results for the third quarter and nine months ended May 31, 2024. For the third quarter, the company reported sales was USD 300.58 million compared to USD 344.42 million a year ago. Revenue was USD 300.58 million compared to USD 344.42 million a year ago. Net income was USD 5.62 million compared to net loss of USD 24.46 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 0.4 a year ago. Basic earnings per share was USD 0.11 compared to basic loss per share of USD 0.5 a year ago. Diluted earnings per share was USD 0.1 compared to diluted loss per share of USD 0.5 a year ago.
For the nine months, sales was USD 859.65 million compared to USD 1,124.59 million a year ago. Revenue was USD 859.65 million compared to USD 1,124.59 million a year ago. Net loss was USD 27.93 million compared to USD 46.68 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 1.16 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 1.16 a year ago. Basic loss per share was USD 0.53 compared to USD 0.95 a year ago. Diluted loss per share was USD 0.53 compared to USD 0.95 a year ago.
SMART Global Holdings, Inc. is engaged in designing and developing enterprise solutions that help its customers. The Company is focused on serving its customers by providing technical knowledge and expertise, custom design engineering, and build-to-order flexibility. Its segments include Memory Solutions, Intelligent Platform Solutions (IPS) and light emitting diode (LED) Solutions. The Memory Solutions segment, under its SMART Modular brand, provides memory solutions through the design, development and packaging of leading-edge to extended lifecycle products. The IPS segment, under its Penguin Solutions and Stratus Technologies brands, offers specialized platform solutions and services for computing, artificial intelligence, machine learning, advanced modeling and the Internet of things. The LED Solutions segment, under its CreeLED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability.
SMART GLOBAL HOLDINGS, INC. 
