KN Earnings Prediction
The chart below shows how KN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KN sees a +0.60% change in stock price 10 days leading up to the earnings, and a +2.31% change 10 days following the report. On the earnings day itself, the stock moves by +0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
KN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
142.50M
-18.62%
-30.39%
Gross Margin
44.21%
6.92%
17.83%
Operating Margin
15.86%
30.97%
108.14%
Net Margin
6.46%
-31.86%
-105.10%
EPS
0.01
-94.44%
-100.34%
No Data Available
KN Earnings Analysis
KNOWLES CORPORATION Corporation (KN.N) Earnings Conference Call
Positive
Strong Revenue Performance: Revenue of $143 million was at the high end of our guided range, representing 32% growth on a year-over-year basis driven by the Cornell acquisition, along with 4% organic growth.
Earnings and Cash Performance: EPS of $0.26 was at the mid point of our guided range, while cash from operations was $53 million, exceeding the high end of our guided range.
Medtech Revenue Growth: In Q3, Medtech & Specialty Audio revenue grew 4% sequentially and 10% on a year-over-year basis.
EBITDA Margin Expansion: Our total company adjusted EBITDA margins were 24.6% and as market conditions improved in the PD segment, we realized the full benefit of synergies from the Cornell acquisition, expecting additional margin expansion.
Cash Flow Performance: We generated $53 million in cash from operating activities above the high end of our guidance range on lower than expected net working capital and higher cash received from settlement of foreign exchange forward contracts.
Negative
Strong Revenue Growth: Revenue of $143 million was at the high end of our guided range, which represents 32% growth on a year-over-year basis driven by the Cornell acquisition, along with 4% organic growth.
Gross Margin Decline: Gross margins were 53.1%, down 60 basis points versus the year ago period, driven by unfavorable product mix and slightly lower production yields.
Increased SG&A Expenses: SG&A expenses were $24 million, $5 million higher than prior year levels driven by the acquisition of Cornell, partially offset by restructuring actions taken in the second half of 2023 in the PD segment.
Increased Interest Expense: Interest expense was up $3.3 million versus the prior year due to higher bank borrowings associated with the acquisition of Cornell in the fourth quarter of 2023.
Cash and Debt Position: We exited the quarter with cash of $93 million and $225 million of debt.
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KN Earning Call Sentiment
Knowles Corporation (KN) Q3 2024 Earnings Call Transcript
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KN.N
-0.24%Positive
The company's earnings call presents a mixed outlook. Positive factors include strong revenue growth, increased EPS, and optimistic guidance for Q3 2024. However, challenges such as supply chain issues, economic headwinds, and integration risks from the Cornell acquisition temper enthusiasm. The Q&A session revealed concerns about market recovery and inventory normalization. Despite these challenges, share repurchases and strong cash flow provide some optimism. Overall, the sentiment is neutral to slightly positive, leading to a balanced rating of 3.