NYSE$KN

Knowles Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported revenues within guidance, up 5% year-over-year, but EPS was below guidance due to Precision Devices' gross margins.

Knowles Corporation reported Q4 2019 revenues of $234 million, a 5% increase year-over-year. However, the gross margins for the Precision Devices segment were below expectations, resulting in EPS that was below the guidance range. The company anticipates total company gross margin improvement in 2020.

  • Q4 revenues increased by 5% year-over-year.
  • Revenues from non-mobile sources accounted for more than 70% of total sales in 2019.
  • Precision Devices sales increased by double digits year-over-year.
  • Record cash from operations of $124 million in 2019 was achieved.

Headline financials

Total Revenue

$234M

Previous: $224M+4.5%
EPS (adj)

$0.35

Previous: $0.37-5.4%
Capital Expenditures

$8.6M

Previous: $22.1M-61.1%
Net Income

$20.5M

Previous: $79.6M-74.2%
Operating Income

$30.8M

Previous: $33.7M-8.6%
Gross Profit

$89.6M

Previous: $94.3M-5.0%
Cash & Equivalents

$78.4M

Previous: $73.5M+6.7%
Total Assets

$1.65B

Previous: $1.55B+6.9%
Stock-Based Comp

$6M

Previous: $6.2M-3.2%

Revenue & EPS history

Knowles · Revenue · Quarterly

$234M

Q4 2019+4.5%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

For the quarter ending March 31, 2020, Knowles expects revenues between $160 million and $190 million, and EPS between ($0.02) and $0.06 on a GAAP basis, and non-GAAP EPS between $0.08 and $0.16.

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 Q4 2019

Historical avgQ4 2019

-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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