NYSE$KN

Knowles Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Knowles delivered strong Q1 2022 results with revenues in line with expectations, and gross margins and EPS above guidance.

Knowles reported strong Q1 2022 financial results with revenues in line with expectations, and gross margins and EPS above the high end of guidance. The company's Precision Devices segment saw a 47% increase in revenue compared to the previous year, driven by demand across the defense, industrial, and medtech markets. The board also approved a $150 million increase to the share repurchase program.

  • Knowles delivered strong results with revenues in line with expectations, and gross margins and EPS above the high end of their guidance.
  • Precision Devices segment revenues increased 47% compared to a year ago, with an all-time high in bookings.
  • The Board approved a $150 million increase to the share repurchase program.
  • The company expects to deliver a year-over-year increase in revenue and earnings for full year 2022.

Headline financials

Total Revenue

$201M

Previous: $201M+0.2%
EPS (adj)

$0.35

Previous: $0.29+20.7%
Capital Expenditures

-$6.8M

Previous: -$5.2M-30.8%
Free Cash Flow

$11.3M

Previous: $7.3M+54.8%
Net Income

$18.1M

Previous: $12.5M+44.8%
Operating Income

$21.3M

Previous: $18.3M+16.4%
Gross Profit

$83.3M

Previous: $78M+6.8%
Cash & Equivalents

$50.7M

Previous: $182M-72.1%
Total Assets

$1.72B

Previous: $1.68B+2.6%
Stock-Based Comp

$7.6M

Previous: $11.1M-31.5%

Revenue & EPS history

Knowles · Revenue · Quarterly

$201M

Q1 2022+0.2%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The forward looking guidance for the quarter ending June 30, 2022 is as follows: Revenues $195 to $205 million, Gross Profit Margin 40.7% to 41.7%, EPS $0.20 to $0.24.

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 2022

Historical avgQ1 2022

-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

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