Luke Juricic
2 min read
Investing.com — Knowles Corporation (NYSE:KN) reported third-quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.38 beating the consensus estimate of $0.36, while revenue of $184 million surpassed expectations of $172.1 million. Revenue increased 20% YoY from $152.9 million in the year-ago quarter. The specialty electronic components manufacturer also issued fourth-quarter guidance above Wall Street forecasts.
Shares of Knowles rose 2.8% in after-hours trading Thursday following the announcement.
For the fourth quarter, Knowles projected adjusted EPS of $0.39 to $0.43, with a midpoint of $0.41 above the analyst consensus of $0.38. The company expects fourth-quarter revenue of $180 million to $190 million, with a midpoint of $185 million exceeding the consensus estimate of $174.6 million. At the midpoint of fourth-quarter guidance, full-year 2026 revenue is expected to reach $689 million, representing 16% growth compared to 2025.
“Third quarter revenue exceeded the high end of our guidance, while non-GAAP diluted EPS and cash from operations were at the high end of our guided ranges,” said Jeffrey Niew, President and CEO of Knowles. He added that the company’s book-to-bill ratio in Precision Devices remained above one for the eighth consecutive quarter, reflecting continued order strength.
The company generated $44.6 million in net cash from operations during the quarter, up from $29.1 million in the same period last year. Non-GAAP gross margin was 45.3% in the third quarter, compared to 46.2% in the prior-year period.
Knowles attributed its strong performance to growth across its four major markets: Medtech, Defense, Industrial, and Electrification. The company manufactures high-performance capacitors, RF filters, advanced medtech microphones, and balanced armature speakers.
Original Article
Knowles surges on earnings beat and strong guidance
