NYSE$KN
Knowles Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Knowles' financial performance exceeded expectations, driven by strong growth in Audio and Precision Devices segments, and delivered cash from operations.
Knowles Corporation reported Q3 2021 financial results with non-GAAP gross margins at the high end of guidance and non-GAAP EPS above the range. Revenue increased, particularly in the Audio segment due to Hearing Health and MEMS microphone sales, and Precision Devices achieved record revenues. The company also delivered $56 million in cash from operations.
- Q3 non-GAAP gross margins were at the high end of the guidance range.
- Q3 non-GAAP EPS was above the guidance range.
- Audio revenue increased 8% year-over-year, driven by Hearing Health and MEMS microphone sales.
- Precision Devices achieved record revenues, up 35% year-over-year.
Headline financials
Revenue & EPS history
Knowles · Revenue · Quarterly
$233M
Forward guidance
For the fourth quarter of 2021, Knowles expects favorable product mix and strong operating leverage to drive earnings above the year ago period.
Tailwinds
- Favorable product mix is expected.
- Strong operating leverage is anticipated.
- Earnings are projected to be above the year ago period.
- Gross Profit Margin 39.0% to 41.0%
- EPS $0.32 to $0.34
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 Q3 2021
-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
| Quarter | Report date | Reaction (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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