earnings
confidence high
sentiment positive
materiality 0.75
Knowles Q3 non-GAAP EPS $0.45 beats guidance; Q4 guide $0.43-0.45 above prior year
Knowles Corp
2021-Q3 EPS reported
$0.61
revenue$633,800,000
- Q3 revenue $233.0M (+13% YoY); GAAP EPS $0.29, non-GAAP $0.45 vs guidance range.
- Non-GAAP gross margin 41.8% at high end of guidance; cash from operations $56M.
- Precision Devices record rev +35% YoY; Audio up 8% on Hearing Health & Non-Mobile MEMS.
- Q4 outlook: revenue $230-235M, non-GAAP EPS $0.43-0.45 (vs $0.24 in Q4 2020).
- Company expects record full-year 2021 cash from operations since spin.