NYSE$KN
Knowles Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Knowles' financial performance was in line with expectations, with revenue up 9% year over year and net cash from operating activities above the high end of guidance.
Knowles Corporation reported Q4 2023 financial results, with revenue of $215 million, a 9% increase compared to Q4 2022. Net cash from operating activities was $60 million, exceeding the high end of the guidance. The company completed the acquisition of Cornell Dubilier in Q4 and anticipates strong organic growth in Q1 2024.
- Revenue of $215 million was up 9% versus the fourth quarter of 2022.
- Net Cash from Operating Activities of $60 million, which was well above the high end of the guidance.
- Successfully completed the acquisition of Cornell Dubilier.
- Made significant progress in transitioning our company’s portfolio to higher value markets and products.
Headline financials
Revenue & EPS history
Knowles · Revenue · Quarterly
$215M
Forward guidance
For the quarter ending March 31, 2024, Knowles anticipates revenues between $190 to $200 million and diluted earnings per share between $0.02 to $0.06 (GAAP) and $0.16 to $0.20 (Non-GAAP).
Tailwinds
- Strong year over year organic growth despite excess channel inventory in some of our end markets.
- The Cornell Dubilier acquisition is anticipated to further add to growth and profitability.
- Revenue is expected to be up 35%.
- Non-GAAP Diluted EPS is expected to grow significantly from first quarter 2023 levels.
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 2023
-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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