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Knowles Corp (KN)
NYSE:KN
Holding KN?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.28Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 12.66%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and margin improvements driven by strategic acquisitions and market focus, particularly in Medtech and Specialty Audio. However, challenges remain in the industrial market and inventory management, suggesting mixed market conditions.Company Guidance
During the KN Q3 2024 earnings call, the company provided guidance reflecting optimism for continued growth and improvement in key metrics. The executives highlighted that revenue for the quarter reached $143 million, a 32% increase year-over-year, driven by the Cornell acquisition and 4% organic growth. Adjusted EBITDA margins stood at 24.6%, with expectations of further expansion as market conditions improve. The Medtech & Specialty Audio segment saw a 10% year-over-year increase in revenue, while the Precision Devices segment experienced a 57% growth due to the Cornell acquisition. Gross margins for Medtech & Specialty Audio were reported at 53.1%, while Precision Devices saw margins of 40%. The company anticipates Q4 revenues between $141 million and $151 million, with EPS projected in the range of $0.26 to $0.30 per share. They also expect cash from operating activities to range from $30 million to $40 million. The executives emphasized their strategic focus on high-growth markets, such as Medtech, defense, and electrification, and mentioned ongoing efforts to improve margins and capitalize on acquisition opportunities.Strong Revenue Growth
Q3 2024 revenue of $143 million was at the high end of guided range, representing a 32% year-over-year growth, driven by the Cornell acquisition and 4% organic growth.
Improved EBITDA Margins
Adjusted EBITDA margins were 24.6% with expectations for additional margin expansion as market conditions improve and synergy benefits from the Cornell acquisition are realized.
Medtech & Specialty Audio Segment Performance
Segment revenue grew 4% sequentially and 10% year-over-year, driven by new product adoption and technology advancements.
Precision Devices Segment Growth
Revenues grew 57% year-over-year due to the Cornell acquisition, with significant margin improvements due to cost synergies and operational enhancements.
Successful Cost Management and Cash Flow
Q3 cash from operations was $53 million, exceeding expectations. Company reduced bank borrowings by $38 million, increasing overall financial flexibility.
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KN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $17.22 | $17.66 | +2.56% |
| Jul 31, 2024 | $18.27 | $17.78 | -2.68% |
| May 01, 2024 | $15.80 | $16.21 | +2.59% |
| Feb 07, 2024 | $16.52 | $15.91 | -3.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Knowles Corp (KN) report earnings?
Knowles Corp (KN) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Knowles Corp (KN) earnings time?
Knowles Corp (KN) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KN EPS forecast?
KN EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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