Logitech International SA reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of $666.707 million compared to $621.079 million a year ago. Operating income was $96.276 million compared to $68.515 million a year ago. Income before income taxes was $99.112 million compared to $69.482 million a year ago. Net income from continuing operations was $97.465 million or $0.59 per diluted share compared to $68.040 million or $0.40 per diluted share a year ago. Net income was $97.465 million or $0.59 per diluted share compared to $65.086 million or $0.39 per diluted share a year ago. Net cash provided by operating activities was $146.534 million compared to $165.708 million a year ago. Purchases of property, plant and equipment were $8.614 million compared to $19.166 million a year ago. Non-GAAP operating income was $99.128 million compared to $74.714 million a year ago. Non-GAAP net income from continuing operations was $92.347 million or $0.56 per diluted share compared to $66.986 million or $0.41 per basic and diluted share a year ago. Adjusted net profit in the quarter was $0.56 per share, up from $0.41 per share in the prior year period and came in higher than the $0.44 earnings per share. Net sales for the quarter were $666.7 million, up from $621.1 million reported for the same period last year and higher than the $642.3 million.

For the nine months, the company reported net sales of $1,710.875 million compared to $1,587.259 million a year ago. Operating income was $175.542 million compared to $118.703 million a year ago. Income before income taxes was $176.748 million compared to $118.359 million a year ago. Net income from continuing operations was $166.451 million or $0.01 per diluted share compared to $111.352 million or $0.67 per diluted share a year ago. Net income was $166.451 million or $1.01 per basic and diluted share compared to $90.620 million or $0.55 per diluted share a year ago. Net cash provided by operating activities was $234.290 million compared to $150.846 million a year ago. Purchases of property, plant and equipment were $23.372 million compared to $50.443 million a year ago. Non-GAAP operating income was $201.779 million compared to $156.573 million a year ago. Non-GAAP net income from continuing operations was $183.492 million or $1.11 per diluted share compared to $139.437 million or $0.84 per diluted share a year ago.

For the fiscal year 2017, the company raised outlook to 12% to 13% retail sales growth in constant currency, up from its previous range of 8% to 10% retail sales growth in constant currency. The company also increased its non-GAAP operating income outlook to a range of $225 million to $230 million, up from its prior range of $195 million to $205 million.