Knowles reports Q1 adjusted EPS 5c, consensus 4c

Reports Q1 revenue $144.3M, consensus $134.33M. "Knowles delivered gross margins, adjusted EBIT margins, Non-GAAP diluted EPS, and cash from operations all above the mid-point of our guided ranges, driven by favorable mix and productivity gains in our operations," commented Chief Executive Officer Jeffrey Niew. "Our better than expected gross margins and cash from operations demonstrate the benefits of our diversified portfolio and track record of operational excellence as our teams around the globe identify savings to partially offset the negative effects of the low factory capacity utilization."