Quarterly ResultApr 28, 2026, 04:43 PM
KN Q1 Revenue +15.8% to $153.1M; Net Earnings $9.7M; Diluted EPS $0.11
AI Summary
Knowles Corp reported a strong first quarter for 2026, with revenues increasing 15.8% to $153.1M and a significant swing from a net loss of $(2.0)M in Q1 2025 to net earnings of $9.7M. Diluted EPS also improved to $0.11 from $(0.02) year-over-year. The company continued its share repurchase program, buying back $7.5M of common stock, and saw a substantial increase in operating earnings.
Key Highlights
- KN Q1 2026 revenue increased 15.8% to $153.1M from $132.2M YoY.
- Net earnings swung to $9.7M in Q1 2026 from a net loss of $(2.0)M in Q1 2025.
- Diluted EPS improved to $0.11 in Q1 2026 from $(0.02) in Q1 2025.
- Operating earnings surged 297.5% to $15.9M in Q1 2026 from $4.0M YoY.
- Repurchased $7.5M of common stock in Q1 2026; $121.5M remains in program.
- Cash and cash equivalents decreased to $41.0M at March 31, 2026.
- Long-term debt increased to $131.0M at March 31, 2026.
- Restructuring charges decreased to $0.2M in Q1 2026, with $0.4M in Precision Devices.