NYSE$KN

Knowles Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Knowles' Q4 2020 financial performance exceeded expectations, driven by strong MEMS microphone demand and improving trends in Hearing Health.

Knowles Corporation reported Q4 2020 financial results with revenue and EPS well above the high end of guidance, driven by strong MEMS microphone demand and improving trends in Hearing Health. The company expects Q1 revenue to increase 23% year-over-year at the midpoint of guidance.

  • Q4 revenue was up 18% sequentially and 4% from the year-ago period.
  • Record cash from operations of $76 million was achieved in Q4.
  • Diluted earnings per share were $0.32, and non-GAAP diluted earnings per share were $0.41.
  • The company anticipates strong growth in revenue and earnings in 2021.

Headline financials

Total Revenue

$243M

Previous: $234M+4.0%
EPS (adj)

$0.41

Previous: $0.35+17.1%
Capital Expenditures

$11.5M

Previous: $8.6M+33.7%
Net Income

$29.6M

Previous: $20.5M+44.4%
Operating Income

$37.6M

Previous: $30.8M+22.1%
Gross Profit

$92M

Previous: $89.6M+2.7%
Cash & Equivalents

$148M

Previous: $78.4M+88.5%
Total Assets

$1.65B

Previous: $1.65B+0.0%
Stock-Based Comp

$4.9M

Previous: $6M-18.3%

Revenue & EPS history

Knowles · Revenue · Quarterly

$243M

Q4 2020+4%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the quarter ending March 31, 2021, Knowles expects revenue between $190 million and $210 million, with EPS between $0.15 and $0.19, and non-GAAP EPS between $0.23 and $0.27.

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 2020

Historical avgQ4 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

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