Loading...
•
Mar 31, 2023
Knowles Q1 2023 Earnings Report
Knowles' financial performance exceeded expectations, driven by favorable mix and productivity gains.
Key Takeaways
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.
Gross profit margins exceeded the high-end of the guided range.
Cash from operations was above expectations.
Strong sequential revenue and earnings growth is expected in Q2.
Channel inventory levels are improving in several end markets.
Forward Guidance
For the second quarter of 2023, Knowles expects revenues between $165.0 to $180.0 million, GAAP diluted EPS between $0.11 and $0.15, and Non-GAAP diluted EPS between $0.20 and $0.24.
Positive Outlook
- Revenue is expected to be between $165.0 million and $180.0 million.
- Gross Profit Margin is expected to be between 38.7% and 40.7%.
- Non-GAAP Gross Profit Margin is expected to be between 39.0% and 41.0%.
- Diluted EPS is expected to be between $0.11 and $0.15.
- Non-GAAP Diluted EPS is expected to be between $0.20 and $0.24.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...