Company: PENG
Filing Date: 2025-04-02
Form Type: 10-Q
Source: 0001628280-25-016182
Chunk: 38

Company: Penguin Solutions, Inc.
Filing Date: 2025-04-02
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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income) expense1,974 7,497 7,006 16,480 Income (loss) before taxes16,514 (10,809)28,838 (18,487) Income tax provision7,643 2,198 14,003 5,732 Net income (loss) from continuing operations8,871 (13,007)14,835 (24,219)Net loss from discontinued operations— — — (8,148)Net income (loss)8,871 (13,007)14,835 (32,367)Net income attributable to noncontrolling interest789 613 1,536 1,174 Net income (loss) attributable to Penguin Solutions8,082 (13,620)13,299 (33,541)Preferred share dividends2,600 — 2,600 — Income available for distribution5,482 (13,620)10,699 (33,541)Income allocated to participating securities482 — 492 — Net income available to ordinary shareholders$5,000 $(13,620)$10,207 $(33,541)Basic earnings (loss) per ordinary share:Continuing operations$0.09 $(0.26)$0.19 $(0.49)Discontinued operations— — — (0.15)$0.09 $(0.26)$0.19 $(0.64)Diluted earnings (loss) per ordinary share:Continuing operations$0.09 $(0.26)$0.19 $(0.49)Discontinued operations— — — (0.15)$0.09 $(0.26)$0.19 $(0.64)Ordinary shares used in per share calculations:Basic53,454 52,031 53,468 52,050 Diluted54,384 52,031 54,484 52,050 

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

6

Penguin Solutions, Inc.

Consolidated Statements of Comprehensive Income (Loss)

(In thousands)

(Unaudited)

Three Months EndedSix Months EndedFebruary 28,2025March 1,2024February 28,2025March 1,2024Net income (loss)$8,871 $(13,007)$14,835 $(32