Strong Q1 Revenue Performance
Knowles Corporation delivered Q1 2025 revenue of $132 million, at the high end of the guided range, with EPS of $0.18 at the midpoint of the guided range.
Medtech and Specialty Audio Segment Growth
Q1 revenue for medtech and specialty audio was $60 million, showing a slight year-over-year increase, driven by strength in specialty audio and supply of metal cans.
Precision Devices Segment Stability
Q1 revenue for Precision Devices was $73 million, consistent with Q4, with improvements in production flow and yields in the specialty film line.
Positive Cash Flow and Debt Reduction
The company generated cash from operations exceeding guidance, repurchased $5 million in shares, and reduced debt by $15 million.
Strong Booking Trends
The Precision Devices segment reported strong booking trends for the second consecutive quarter, with a book-to-bill ratio above 1.15, excluding a $75 million energy order.
Minimal Tariff Impact
Less than 5% of revenue and 3% of cost of goods sold are impacted by tariffs, with expectations to pass costs to customers without significant business loss.
Positive Outlook for 2025
Expectations for year-over-year growth in Q2 and throughout 2025, with strong design wins and increasing order activity.