Knowles Corporation reports developments tied to its specialty electronic components business, including high-performance capacitors, RF and microwave filters, advanced medtech microphones, balanced armature speakers, and miniaturization products. Company updates focus on quarterly operating results, outlook, design-win activity, backlog, and demand across medtech, defense, industrial, and electrification end markets.
Recurring news also covers management conference participation and the company's continuing portfolio focus after the completed sale of its Consumer MEMS Microphone business. Knowles describes its model around custom engineering, reliable components, and scalable manufacturing for applications that require specialized electronic performance.
Knowles (NYSE: KN) reported Q1 2024 revenues of $196 million, exceeding the midpoint of the guided range, and net cash from operations of $17 million, surpassing the high end of the guided range. The company highlighted double-digit revenue growth across all segments, with strong financial results and non-GAAP Diluted Earnings per Share at the high end of expectations. Knowles looks forward to sequential revenue and earnings growth in Q2 2024, emphasizing the transition to higher value markets and products to enhance shareholder value.
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