Knowles Earnings Reports

Knowles delivered strong performance in Q3 2025 with revenue growth, margin expansion, and robust free cash flow, driven by operational execution and strategic focus on core segments.

Knowles Corporation reported Q1 2025 revenues of $132.2 million, which was at the high end of their guided range. Net cash provided by operating activities also exceeded the high end of the guided range, and non-GAAP diluted EPS from continuing operations was at the mid-point of their guided range. The company repurchased $5 million of shares and reduced debt by $15 million in Q1.

Knowles Corporation reported a 2% increase in fourth-quarter revenues from continuing operations year-over-year, reaching $142.5 million. Net earnings for the quarter were $18.5 million, with diluted EPS at $0.12. The company also generated $35.1 million in net cash from operations.

Knowles Corporation reported strong Q3 2024 results, with revenues from continuing operations increasing by 32% year-over-year to $143 million, and net cash from operations of $53 million, exceeding the high end of the guided range. The company also signed a definitive agreement to sell the Consumer MEMS Microphones business, furthering its strategic transition to higher value markets.

Knowles reported Q2 2024 financial results with revenues of $204.7 million, an 18% increase year-over-year, and net cash from operating activities of $24.9 million. Non-GAAP diluted earnings per share were $0.24, in line with expectations. The company expects revenue growth in Medtech and Specialty Audio and Precision Devices segments in Q3 2024.

Knowles Corporation announced strong Q1 2024 results, with all three segments delivering double-digit revenue growth year-over-year. Non-GAAP diluted earnings per share were at the high end of the guided range, and net cash from operating activities exceeded the high end of guidance. The company expects sequential revenue and earnings growth in Q2 2024.

Knowles Corporation reported Q4 2023 financial results, with revenue of $215 million, a 9% increase compared to Q4 2022. Net cash from operating activities was $60 million, exceeding the high end of the guidance. The company completed the acquisition of Cornell Dubilier in Q4 and anticipates strong organic growth in Q1 2024.

Knowles reported Q3 2023 financial results with revenue of $175.1 million and diluted EPS of $0.18. The company's MedTech & Specialty Audio segment revenues grew 20% versus the prior year. Knowles completed the acquisition of Cornell Dubilier.

Knowles Corporation announced its Q2 2023 financial results, with revenue at $173.0 million. The MedTech & Specialty Audio segment performed well due to faster-than-anticipated customer inventory declines, while Precision Devices revenues were below expectations. The company has reduced its revenue and earnings outlook for the second half of 2023 due to soft customer demand.

Knowles reported Q1 2023 financial results with gross margins, adjusted EBIT margins, Non-GAAP diluted EPS, and cash from operations all above the mid-point of guided ranges. The company expects strong sequential revenue and earnings growth in Q2 and anticipates returning to year-over-year growth in the second half of the year.

Knowles Corporation reported Q4 2022 financial results, with non-GAAP gross margins, adjusted EBIT margins, and free cash flow at or above the high end of the guided range. Precision Devices and MedTech & Specialty Audio segments delivered strong results, driving the performance. The company anticipates continued weak consumer end market demand and customer inventory adjustments through the end of Q1 2023.

Knowles Corporation reported Q3 2022 financial results, with revenue, gross margins, and earnings per share meeting or exceeding guidance. Precision Devices segment growth remained strong, driven by defense, medtech, and EV sectors. The Hearing Health business showed resilience with strong margins and stable demand. The company expects sequential revenue growth from Hearing Health and Precision Devices in Q4, along with MEMS microphone business growth due to new product introductions and seasonal customer product ramps.

Knowles Corporation reported Q2 2022 financial results with revenue of $188 million. The company's Q2 gross margin was 41.3%, and non-GAAP gross margin was 41.5%. Diluted loss per share was $(2.64), while non-GAAP diluted earnings per share was $0.33.

Knowles reported strong Q1 2022 financial results with revenues in line with expectations, and gross margins and EPS above the high end of guidance. The company's Precision Devices segment saw a 47% increase in revenue compared to the previous year, driven by demand across the defense, industrial, and medtech markets. The board also approved a $150 million increase to the share repurchase program.

Knowles Corporation announced strong Q4 2021 financial results with GAAP and non-GAAP gross margins and EPS above the high end of their guidance range. Favorable product mix, driven by higher Precision Devices and Hearing Health sales, contributed to the positive results. The company's Adjusted EBIT margins exceeded 20%, and strong free cash flow for the full year enabled them to fully repay their convertible notes.

Knowles Corporation reported Q3 2021 financial results with non-GAAP gross margins at the high end of guidance and non-GAAP EPS above the range. Revenue increased, particularly in the Audio segment due to Hearing Health and MEMS microphone sales, and Precision Devices achieved record revenues. The company also delivered $56 million in cash from operations.

Knowles Corporation reported strong Q2 2021 results, with non-GAAP gross margins and EPS exceeding guidance. Audio revenues increased by 43% year-over-year, driven by Hearing Health sales and MEMS microphone demand. Precision Devices achieved record revenues and bookings, supported by a medtech market recovery and a bolt-on acquisition. The company anticipates continued strength in Q3 2021, expecting a 13% sales increase.

Knowles Corporation reported strong Q1 2021 results, with revenue up 23% year-over-year. Audio revenues were driven by strong MEMS microphone demand and improving trends in the Hearing Health business. The company expects Q2 sales to increase 28% from the year-ago period.

Knowles Corporation reported Q4 2020 financial results with revenue and EPS well above the high end of guidance, driven by strong MEMS microphone demand and improving trends in Hearing Health. The company expects Q1 revenue to increase 23% year-over-year at the midpoint of guidance.

Knowles Corporation reported a 35% sequential sales growth due to strong MEMS microphone demand and higher shipments in the hearing health market. Q3 non-GAAP earnings exceeded guidance, and the company anticipates sequential growth in revenue, earnings, and cash flow in Q4, driven by increased MEMS microphone and hearing health demand.

Knowles Corporation reported Q2 2020 financial results, demonstrating better-than-expected sales in MEMS microphones and Precision Devices. The company's Hearing Health revenue faced a downturn due to COVID-19, but sales increased monthly throughout the quarter. Knowles delivered positive operating cash flow and anticipates strong sequential growth in revenue and earnings for Q3.

Knowles reported first quarter revenues of $163.1 million and earnings per share of $(0.14). Audio sales were lower than the year ago period, offset by higher Precision Devices sales. The company anticipates sequentially lower Audio sales in Q2 due to weaker hearing health demand and expects lower labor productivity and factory utilization in Malaysia and the Philippines to continue.

Knowles Corporation reported Q4 2019 revenues of $234 million, a 5% increase year-over-year. However, the gross margins for the Precision Devices segment were below expectations, resulting in EPS that was below the guidance range. The company anticipates total company gross margin improvement in 2020.