Knowles Reports Q4 Earnings, Forecasts Future Performance
ITASCA, Ill., Feb. 16, 2023 (GLOBE NEWSWIRE)
Knowles Corporation (KN) announced its financial results for the fourth quarter on Thursday.
Earnings:
* Net income: $18.5 million
* Earnings per share (EPS): $0.21
* Adjusted EPS: $0.27
Revenue:
* $142.5 million
Annual Results:
* Net loss: $237.8 million
* Loss per share: $2.64
* Revenue: $553.5 million
Guidance:
For the first quarter of fiscal 2024:
* EPS: $0.16-$0.20
* Revenue: $124-$134 million
The company expects continued growth in its acoustic components business, particularly in areas such as microphones and sensors. Knowles also emphasized the importance of cost optimization and operational efficiency in driving future success.