Knowles reports Q3 adjusted EPS 26c, consensus 26c

Reports Q3 revenue $142.5M, consensus $159.47M. “I am pleased that we delivered revenues from continuing operations and cash provided by operating activities at or above the high end of our guided range, with non-GAAP diluted EPS from continuing operations at the mid-point of our guided range,” commented Jeffrey Niew, President, and CEO of Knowles (KN). “Total Company revenues from continuing operations increased by 32% compared with the prior year driven by the Cornell acquisition and organic growth of 4%. We delivered both sequential and year over year revenue growth in our Medtech & Specialty Audio and Precision Devices segments in the third quarter and expect to see sequential revenue growth again in the fourth quarter of 2024.”