Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 22

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 shares held as of November 29, 2024 and August 30, 2024, respectively(164,879)(153,756)Accumulated other comprehensive income (loss)19 10 Total Penguin Solutions shareholders’ equity400,375 391,381 Noncontrolling interest in subsidiary8,574 7,827 Total equity408,949 399,208 Total liabilities and equity$1,583,015 $1,474,506 

The accompanying notes are an integral part of these consolidated financial statements.

5

Penguin Solutions, Inc.

Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

Three Months EndedNovember 29,2024December 1,2023Net sales:Products$270,260 $206,430 Services70,842 67,817 Total net sales341,102 274,247 Cost of sales:Products215,149 163,413 Services28,141 27,984 Total cost of sales243,290 191,397 Gross profit97,812 82,850 Operating expenses:Research and development19,811 21,389 Selling, general and administrative60,536 57,217 Other operating (income) expense109 2,939 Total operating expenses80,456 81,545 Operating income17,356 1,305  Non-operating (income) expense:Interest expense, net4,396 9,559 Other non-operating (income) expense636 (576)Total non-operating (income) expense5,032 8,983 Income (loss) before taxes12,324 (7,678) Income tax provision6,360 3,534 Net income (loss) from continuing operations5,964 (11,212)Net loss from discontinued operations— (8,148)Net income (loss)5,964 (19,360)Net income attributable to noncontrolling interest747 561 Net income (loss) attributable to Penguin Solutions$5,217 $(19,921) Basic earnings (loss) per share:Continuing operations$0.10 $(0.23)Discontinued operations— (0.15)$0.10 $(0.38)Diluted earnings (loss) per share:Continuing operations$0.10 $(0.23)Discontinued