Knowles Q3 revenue rises 32% to $142.5 million; GAAP EPS falls to $0.10
Knowles reported third-quarter 2024 revenue from continuing operations of $142.5 million, up 32% from $108.1 million a year earlier, driven by the Cornell acquisition and 4% organic growth. Non-GAAP diluted EPS rose to $0.26 from $0.20, but GAAP diluted EPS from continuing operations fell to $0.10 from $0.17, and the company also signed an agreement to sell its Consumer MEMS Microphones business, expected to close late in the fourth quarter.
Key points
- Q3 2024 revenue from continuing operations: $142.5 million, up from $135.2 million in Q2 2024 and $108.1 million in Q3 2023
- GAAP diluted EPS from continuing operations: $0.10, versus $0.17 a year earlier; non-GAAP diluted EPS: $0.26, versus $0.20
- Q4 2024 guidance: revenue of $141 million to $151 million and non-GAAP diluted EPS of $0.26 to $0.30
- Consumer MEMS Microphones sale agreement signed September 18, 2024; closing expected late in Q4 2024
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.
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