earnings
confidence high
sentiment positive
materiality 0.70
Knowles Q1 revenue flat at $201.4M; EPS beats guidance; boosts buyback by $150M
Knowles Corp
2022-Q1 EPS reported
$0.19
revenue$201,400,000
- Q1 revenue $201.4M (flat YoY); GAAP EPS $0.19, non-GAAP EPS $0.35, above high end of guidance.
- GAAP gross margin 41.4% (+260 bps YoY); non-GAAP gross margin 41.6%.
- Precision Devices segment revenue surged 47% YoY with all-time record bookings.
- Board approved $150M addition to share repurchase program; total available ~$164M.
- Q2 guidance: revenue $195-205M, non-GAAP gross margin 41.0-42.0%, non-GAAP EPS $0.30-$0.34.