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Knowles reports Q4 adjusted EPS 33c, consensus 33c
The Fly

Knowles reports Q4 adjusted EPS 33c, consensus 33c

Reports Q4 revenue $197.1M, consensus $210M. "Although weak end market demand in consumer electronic markets and excess channel inventory continued to dampen revenues for our Consumer MEMS Microphone solutions in the quarter, for the total company we were able to achieve non GAAP gross margins, adjusted EBIT margins and free cash flow at or above the high end of our guided range." commented Jeffrey Niew, president and CEO of Knowles. "These results were driven by Precision Devices and MedTech & Specialty Audio as both segments continue to deliver strong results, emphasizing the benefits of our diversified portfolio and focus on high value products and markets."

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