Knowles Corporation KN +2.23% , a market leader and global supplier of advanced micro-acoustic solutions and specialty components, today updated projections that were originally provided at the Company’s analyst day on February 19, 2014.
Knowles anticipates that its former parent company, Dover Corporation, will soon file its first quarter Form 10-Q with discontinued operations information which will include, combined with other information, Knowles’ financial performance for the first two months of that quarter.
The Company currently anticipates revenue for the first quarter of 2014 to be between $270 and $275 million, above the high end of the projected range provided at the Company’s analyst day. Non-GAAP operating profit is expected to be between $31 and $33 million, within the range previously projected. Please see discussion of non-GAAP financial measures below.
Knowles will issue first quarter 2014 financial results on April 28, 2014 after 3:00 p.m. Central time.