SMART Global Holdings, Inc. (SGH) Tops Q1 EPS by 8c, Revenues Beat; Offers 2Q EPS/Revenue Guidance
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SMART Global Holdings Reports First Quarter Fiscal 2021 Financial Results
January 5, 2021 4:05 PM ESTNEWARK, Calif.--(BUSINESS WIRE)-- SMART Global Holdings, Inc. (SMART or the Company) (NASDAQ: SGH), today reported financial results for the first quarter fiscal 2021 ended November 27, 2020.
First Quarter Fiscal 2021 Highlights:
Net sales of $291.7 million, 7.2% higher than the year ago quarter. GAAP net income of $2.0 million, or $0.08 per share, compared with $0.2 million or $0.01 per share in the year ago quarter. Non-GAAP net income of $19.6 million or $0.78 per share, 46.4% and 41.8% higher than the year ago quarter, respectively. Adjusted EBITDA of $29.5 million, 25.4% higher... More