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Stock impact report

SMART Global Holdings Reports First Quarter Fiscal 2020 Financial Results

SMART Global Holdings, Inc. - Ordinary Shares (SGH) 
Last smart global holdings, inc. - ordinary shares earnings: 4/7 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.smartm.com
Company Research Source: GlobeNewswire
NEWARK, Calif., Dec. 19, 2019 (GLOBE NEWSWIRE) -- SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), today reported financial results for the first quarter of fiscal 2020 ended November 29, 2019. First Quarter Fiscal 2020 Highlights: Net sales of $272.0 millionAdjusted EBITDA of $23.5 millionGAAP diluted EPS of $0.01Non-GAAP diluted EPS of $0.55Increased cash and equivalents to $111.4 millionReduced net long-term debt to $200.3 million “In the first quarter of fiscal 2020, our Memory businesses, Specialty Memory Products and Brazil memory performed at or above expectations. In our Specialty Compute business, our two new acquisitions in July 2019 performed as expected, while our high performance computing business, Penguin Computing, experienced worse than expected seasonal weakness. We remain disciplined in managing our operating model and continue to drive improvements across all of our businesses. During the quarter, we meaningfully increased our cash positio Show less Read more
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