Knowles Q3 revenues up 32% YoY to $142.5M; sells Consumer MEMS Microphones business

Knowles Corp

2024-Q3 EPS reported -$2.84 revenue$411,000,000

Q3 continuing ops revenues $142.5M, at high end of guided range; non-GAAP EPS $0.26.
Net cash from operations $52.8M, exceeding high end of guidance.
Signed definitive agreement to sell Consumer MEMS Microphones; expected close late Q4 2024.
Q4 2024 guidance: revenues $141-151M, non-GAAP EPS $0.26-0.30.
Medtech & Specialty Audio and Precision Devices segments grew sequentially and YoY.

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