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Mar 31, 2024
Knowles Q1 2024 Earnings Report
Knowles reported Q1 2024 financial results, with revenue above the midpoint of the guided range and net cash from operations above the high end of the guided range.
Key Takeaways
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.
Q1 2024 revenue reached $196 million, exceeding the midpoint of the guided range.
Net cash from operations in Q1 2024 was $17 million, surpassing the high end of the guided range.
All three segments achieved double-digit revenue growth year-over-year in Q1 2024.
Non-GAAP diluted earnings per share were at the high end of the guided range.
Knowles
Knowles
Forward Guidance
For the second quarter of 2024, Knowles anticipates revenues between $199 million and $209 million, diluted earnings per share between $0.08 and $0.12, and net cash provided by operating activities between $20 million and $30 million.