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Earnings Call Summary | Knowles(KN.US) Q4 2023 Earnings Conference

moomoo AI ·  Feb 7 21:00  · Conference Call

The following is a summary of the Knowles Corporation (KN) Q4 2023 Earnings Call Transcript:

Financial Performance:

  • Knowles Corporation reported Q4 revenue of $215 million, a 9% increase from last year.

  • The EPS in Q4 stood at $0.28, $0.05 lower than the previous year.

  • The company generated $60 million in cash from operations in Q4 with capital spending of $5 million.

  • The projected revenue for Q1 2024 is $190-$200 million, and EPS between $0.16-$0.20, marking considerable year-on-year growth.

  • The firm exited 2023 with a debt of $271 million, including $160 million of borrowings under the revolving credit facility.

Business Progress:

  • Revenues from all three segments- MedTech & Specialty Audio, Precision Device, and Consumer MEMS Microphone grew compared to the previous year.

  • Acquisition of Cornell contributed to growth in reported sectors.

  • The company aims to fund organic growth and explore new acquisition opportunities while maintaining reasonable debt levels.

  • Following the Cornell acquisition, increased synergies are expected.

  • Despite a challenging 2023, the company expects growth in revenue, earnings, and cash flow across all business units in 2024.

More details: Knowles IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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