Knowles Q3 2023 EPS beats high-end; completes Cornell Dubilier acquisition

Knowles Corp

2023-Q3 EPS reported $0.27 revenue$492,400,000

Q3 GAAP diluted EPS $0.18; Non-GAAP diluted EPS $0.31, above guidance range.
Q3 revenue $175.1M; MedTech & Specialty Audio grew 20% YoY, Consumer MEMS returned to growth.
Cash from operations $39.9M, above high-end of guided range.
Completed acquisition of Cornell Dubilier, significantly expanding addressable market.
Q4 2023 guidance: revenue $210-220M, Non-GAAP EPS $0.27-0.31.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Knowles Corp reported quarter ended September 30, 2023 results: revenue $175.1, EPS $0.18.

Period: quarter ended September 30, 2023
Revenue: $175.1
EPS: $0.18
Result: reported results

Exact text from the filing

following table highlights the Company’s financial performance on both a GAAP and supplemental non-GAAP basis (in millions, except per share data): Q3-23 Q2-23 Q3-22 Revenues $175.1 $173.0 $178.2 Gross profit $77.5 $73.7 $40.0 (as a % of revenues) 44.3% 42.6% 22.4% Non-GAAP gross profit $78.1 $72.7 $68.6 (as a % of revenues) 44.6% 42.0% 38.5% Diluted earnings

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Source: SEC EDGAR

accession 0001587523-23-000080

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