earnings
confidence high
sentiment positive
materiality 0.75
Knowles Q4 non-GAAP EPS $0.48 beats guidance; FY free cash flow $134M
Knowles Corp
2021-FY EPS reported
$1.59
revenue$868,100,000
- Q4 revenue $234.3M, non-GAAP gross margin 43.3%, GAAP diluted EPS $0.98 (includes $59.1M tax benefit), non-GAAP diluted EPS $0.48.
- Full year: adjusted EBIT $174M (20.1% of revenue); cash from operations $182M; free cash flow $134M (15.4% of revenue).
- Precision Devices sales up ~40% YoY, driven by broad end-market growth; Audio segment adjusted EBIT margin 26.8%.
- Q1 2022 guidance: revenue $197-203M, non-GAAP EPS $0.29-0.31, non-GAAP gross margin 39-41% (both above Q1 2020).
- Repaid convertible notes in full; exited 2021 with essentially no net debt.