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Dec 31, 2020
Knowles Q4 2020 Earnings Report
Knowles' Q4 2020 financial performance exceeded expectations, driven by strong MEMS microphone demand and improving trends in Hearing Health.
Key Takeaways
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.
Q4 revenue was up 18% sequentially and 4% from the year-ago period.
Record cash from operations of $76 million was achieved in Q4.
Diluted earnings per share were $0.32, and non-GAAP diluted earnings per share were $0.41.
The company anticipates strong growth in revenue and earnings in 2021.
Knowles
Knowles
Forward Guidance
For the quarter ending March 31, 2021, Knowles expects revenue between $190 million and $210 million, with EPS between $0.15 and $0.19, and non-GAAP EPS between $0.23 and $0.27.