earnings
confidence high
sentiment positive
materiality 0.70
Knowles Q2 revenue up 31% YoY to $199.8M, EPS $0.18; Q3 guidance implies 13% revenue growth
Knowles Corp
2021-Q2 EPS reported
$0.32
revenue$400,800,000
- Q2 revenue $199.8M (+31% YoY); GAAP EPS $0.18, non-GAAP EPS $0.31.
- GAAP gross margin 41.9%; non-GAAP 42.4% – both above guidance range.
- Audio segment revenue up 43% YoY; Hearing Health sales doubled, MEMS demand robust.
- Precision Devices delivered record revenue and bookings, aided by medtech recovery and bolt-on acquisition.
- Q3 guidance: revenue $227-237M, non-GAAP EPS $0.38-0.42; company expects record free cash flow in 2021.