Knowles Cor (KN)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 45,000 | -173,700 | -208,800 | -443,300 | -418,200 | -171,400 | -125,500 | 110,600 | 104,800 | 98,900 | 74,500 | 37,100 | 15,000 | 8,700 | 31,200 | 58,900 | 65,700 | 69,400 | 65,900 | 62,600 |
| Revenue (ttm) | US$ in thousands | 707,600 | 689,500 | 692,600 | 707,600 | 764,700 | 801,900 | 856,700 | 868,500 | 868,100 | 877,000 | 849,800 | 802,200 | 764,300 | 755,000 | 785,100 | 838,100 | 854,800 | 844,700 | 845,000 | 828,200 |
| Pretax margin | 6.36% | -25.19% | -30.15% | -62.65% | -54.69% | -21.37% | -14.65% | 12.73% | 12.07% | 11.28% | 8.77% | 4.62% | 1.96% | 1.15% | 3.97% | 7.03% | 7.69% | 8.22% | 7.80% | 7.56% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $45,000K ÷ $707,600K
= 6.36%
Knowles Corp's pretax margin has fluctuated significantly over the past eight quarters, based on the provided data. In Q4 2023, the company reported a pretax margin of 6.36%, indicating that for every dollar of revenue, the company generated a pre-tax profit of $0.0636. This represents a significant improvement compared to the previous quarter, Q3 2023, where the pretax margin was negative at -25.19%.
Looking at the trend over the past year, Knowles Corp experienced a sharp decline in its pretax margin in Q1 2023, reaching a low of -62.65%. This indicates that the company's expenses and/or losses exceeded its revenues during that period, leading to a negative pretax margin.
The pretax margin improved in the subsequent quarters of Q2 and Q3 2023 but remained negative until Q4 2023. Interestingly, in Q1 and Q2 2022, Knowles Corp reported positive pretax margins of 12.71% and 14.65%, respectively, which indicates that the company was more profitable during that period.
Overall, Knowles Corp's pretax margin has shown volatility in recent quarters, demonstrating the company's fluctuating profitability and the need for consistent performance evaluation and financial management.
Peer comparison
Dec 31, 2023