Knowles updates FY2021 results, targets $2.50+ Non-GAAP EPS; refines capital strategy

Knowles Corp

Non-GAAP diluted EPS for FY2021 was $1.53, up from $0.88 in FY2017.
Non-GAAP gross profit margin improved to 41.7% in FY2021 from 40.3% in FY2017.
Free cash flow increased to $133.5M in FY2021 from $41.3M in FY2017.
Company targets $2.50+ Non-GAAP diluted EPS with focus on Ear, IoT, MedTech, EV, Defense.
Debt reduction enables increased share repurchases; capital deployment strategy refined.

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