Earnings Call Summary | Knowles(KN.US) Q1 2024 Earnings Conference
Earnings Call Summary | Knowles(KN.US) Q1 2024 Earnings Conference
The following is a summary of the Knowles Corporation (KN) Q1 2024 Earnings Call Transcript:
以下是諾爾斯公司（KN）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Knowles Corporation reported Q1 2024 revenue of $196 million, surpassing their guided range, with an EPS of $0.20 and cash from operations amounting to $17 million.
Notable revenue growth was seen in MedTech and specialty audio, up by 26%, and Precision Device, up by 38%, largely due to the Cornell acquisition.
Consumer MEMS microphone revenues reported a substantial 44% increase compared to the same period last year, standing at $65 million.
For the second quarter of 2024, the company projects revenues to be between $199 million and $209 million, with an EPS ranging from $0.22 to $0.26 per share.
Knowles Corporation報告稱，2024年第一季度收入爲1.96億美元，超過了預期區間，每股收益爲0.20美元，運營現金爲1,700萬美元。
醫療技術和專業音頻領域的收入顯著增長，增長了26％，Precision Device增長了38％，這主要是由於收購了康奈爾。
消費者微機電系統麥克風收入與去年同期相比大幅增長了44％，達到6500萬美元。
該公司預計2024年第二季度的收入將在1.99億美元至2.09億美元之間，每股收益在0.22美元至0.26美元之間。
Business Progress:
業務進展：
The company continues to pivot towards high-growth markets where they can offer uniquely differentiated solutions, a move exemplified by the acquisition of Cornell.
Their key market for hearing health products continues to show growth, influenced by factors such as the expansion of the global middle-class and increased hearing aid penetration.
Knowles sees a potential for growth in their revenue, EBIT margin, and cash flow throughout 2024, largely due to operational excellence and adoption of new products, along with solid performance in the consumer MEMS microphone business.
Armed with a strong balance sheet, they plan to generate robust operational cash in Q2 and over the rest of the year, and are considering potential acquisitions, share buybacks, and debt management strategies.
Despite external pressures, the company expects increased cash flow, due to their unique positioning in the MedTech and defense sectors, providing some pricing power.
Following the acquisition of Cornell, Knowles expects to further enhance their pricing strategies while continuing to deliver differentiated products to the MedTech and defense markets.
該公司繼續轉向高增長市場，在那裏他們可以提供獨特的差異化解決方案，收購康奈爾就是一個例子。
受全球中產階級擴張和助聽器普及率提高等因素的影響，他們的主要聽力健康產品市場繼續保持增長。
Knowles認爲，在整個2024年，其收入、息稅前利潤率和現金流有可能增長，這主要歸因於卓越的運營和新產品的採用，以及消費類MEMS麥克風業務的穩健表現。
憑藉強勁的資產負債表，他們計劃在第二季度及今年餘下的時間裏產生強勁的運營現金，並正在考慮潛在的收購、股票回購和債務管理策略。
儘管面臨外部壓力，但該公司預計，由於其在醫療技術和國防領域的獨特地位，現金流將增加，從而提供一定的定價能力。
在收購康奈爾之後，Knowles預計將進一步加強其定價策略，同時繼續向醫療科技和國防市場提供差異化產品。
More details: Knowles IR
更多詳情： Knowles IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。