NYSE$KN

Knowles Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Knowles' first quarter revenues and earnings were in line with updated guidance.

Knowles reported first quarter revenues of $163.1 million and earnings per share of $(0.14). Audio sales were lower than the year ago period, offset by higher Precision Devices sales. The company anticipates sequentially lower Audio sales in Q2 due to weaker hearing health demand and expects lower labor productivity and factory utilization in Malaysia and the Philippines to continue.

  • First quarter revenues and earnings were in line with updated guidance.
  • Audio sales were lower than the year ago period, partially offset by higher Precision Devices sales.
  • Anticipating sequentially lower Audio sales driven by significantly weaker hearing health demand in Q2.
  • Progress in returning China facilities to more normalized operations but expect lower labor productivity and factory utilization in Malaysia and the Philippines to continue in the second quarter.

Headline financials

Total Revenue

$163M

Previous: $180M-9.3%
EPS (adj)

$0.03

Previous: $0.13-76.9%
Gross Margin

34.5%

No prior period
Capital Expenditures

-$7.8M

Previous: -$15.1M+48.3%
Free Cash Flow

-$16.9M

Previous: -$17.8M+5.1%
Net Income

-$9.1M

Previous: -$2.7M-237.0%
Operating Income

-$9.6M

Previous: $4.4M-318.2%
Gross Profit

$56.2M

Previous: $68.5M-18.0%
Cash & Equivalents

$148M

Previous: $41.3M+257.9%
Total Assets

$1.7B

Previous: $1.58B+7.7%
Stock-Based Comp

$3.5M

Previous: $6.7M-47.8%

Revenue & EPS history

Knowles · Revenue · Quarterly

$163M

Q1 2020-9.3%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Due to the COVID-19 pandemic and potential impact to global market demand, particularly in the hearing health market, as well as the resulting uncertainty of on-going government workplace restrictions, Knowles is not providing its normal quarterly revenue, gross profit margin, and EPS guidance for the second quarter of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

54%

29 / 54 earnings

Positive

+22.4%

Q3 2023

Best reaction

-19.3%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%-2.9%+17.2%
Q4 2025+9.1%+9.1%+0.4%
Q3 2025+0.3%-1.7%-11.1%
Q2 2025-1.7%-1.5%+7.3%
Q1 2025+2.8%+0.6%+3.6%
Q4 2024+0.2%-1.0%-12.2%
Q3 2024+3.5%+5.9%+10.9%
Q2 2024-0.9%-8.0%+2.8%
Q1 2024+2.4%+5.6%+10.7%
Q4 2023-3.7%-2.2%-0.1%
Q3 2023+22.4%+19.3%+23.1%
Q2 2023-9.1%-9.8%-14.4%
Q1 2023+7.9%+4.8%+13.6%
Q4 2022-14.5%-6.2%-13.5%
Q3 2022+5.3%+9.7%+17.4%
Q2 2022-15.2%-15.3%-26.3%
Q1 2022+1.5%+3.8%+5.6%
Q4 2021+4.5%+1.7%-0.1%
Q3 2021+5.1%+4.7%+9.1%
Q2 2021+4.4%+5.2%+6.0%
Q1 2021-0.2%+0.6%-4.2%
Q4 2020+1.7%+2.1%+1.5%
Q3 2020-5.9%+4.1%+13.5%
Q2 2020+10.0%+9.7%+6.1%
Q1 2020-3.3%-5.0%+5.9%
Q4 2019-18.6%-19.9%-18.9%
Q3 2019-2.1%-1.9%-0.3%
Q2 2019+10.8%+12.8%+12.8%
Q1 2019-1.2%+0.2%-12.7%
Q4 2018+1.5%-0.3%+0.2%
Q3 2018+9.0%+4.1%+3.5%
Q2 2018+13.7%+12.9%+12.6%
Q1 2018+9.0%+11.6%+27.7%
Q4 2017-4.5%-3.4%+2.3%
Q3 2017-0.9%+2.9%+4.7%
Q2 2017-6.5%-8.4%-10.9%
Q1 2017-8.0%-9.0%-13.3%
Q4 2016+3.0%+2.7%+0.2%
Q3 2016+3.6%-1.8%+12.1%
Q2 2016-10.4%-14.6%-12.1%
Q1 2016+4.7%
Q4 2015-17.9%
Q3 2015-19.3%
Q2 2015+8.3%
Q1 2015-5.6%
Q4 2014-18.3%
Q3 2013-4.5%
Q3 2014+1.5%
Q2 2013+4.7%
Q2 2014-3.2%
Q4 2013+1.8%
Q4 2012+1.8%
Q1 2013+1.8%
Q1 2014-5.7%
Q3 2012

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro