Knowles Corp Stock Price, News & Analysis

Knowles Corporation (NYSE: KN) has teamed up with Trillbit Inc. to enhance IoT device setup through the integration of Trillbit’s ‘Data Over Sound’ technology with Knowles' IA61x SmartMics.

This collaboration aims to simplify device authentication and commissioning, enabling a seamless setup for consumers. By facilitating one-touch setup and secure Wi-Fi credential transfers, this integration addresses common consumer pain points, improving satisfaction and reducing product returns.

Knowles Corporation (NYSE: KN) has announced a new segment reporting structure aimed at enhancing transparency and aligning with its strategic goals. The reorganization will categorize its operations into three segments: Precision Devices, MedTech & Specialty Audio, and Consumer MEMS Microphones, effective Q4 2022. An Investor Update call is scheduled for November 29, 2022, where management will discuss the implications of this change, growth strategies, and mid-term financial targets. Knowles continues to serve diverse markets, including consumer electronics, medtech, and defense.

Knowles Corporation (NYSE: KN) will host an Investor Update call on November 29, 2022, from 9:00 a.m. Central time. CEO Jeffrey Niew and CFO John Anderson will discuss the company's segments, growth strategies, and mid-term targets announced in November 2021. The event will be accessible via webcast on the corporate website, with a Q&A session following the presentation. Additionally, Niew and Anderson will participate in a fireside chat at the Wells Fargo TMT Summit in Las Vegas on December 1, 2022, at 10:40 a.m. local time.

Knowles Corporation (NYSE: KN) reported Q3 2022 results, exceeding revenue and gross margin guidance. Revenues reached $178.2 million, with a gross profit of $40.0 million (22.4% margin). Diluted EPS was $0.03, up from a loss of $2.64 in Q2 2022. The Precision Devices segment experienced strong growth in defense, medtech, and EV markets. The company initiated $19 million in share repurchases and anticipates sequential revenue growth in Q4 across key segments. Cost restructuring is expected to yield $25-30 million in annual savings starting in 2023.

Knowles Corporation (NYSE: KN) has announced the release date for its third quarter 2022 financial results, scheduled for October 27, 2022, after market close. Following the results, the company will hold a conference call to discuss the financial performance and outlook at 3:30 p.m. Central time (4:30 p.m. Eastern time). Analysts and investors can join the call using a specific conference number and ID. A replay will be available post-call, along with a webcast accessible on Knowles' investor website.

Knowles Corporation (NYSE: KN) has launched KN2, the first True Wireless Stereo reference design optimized for high-definition audio, incorporating the Knowles Preferred Listening Response Curve. KN2 features a hybrid dual speaker system, advanced Bluetooth SoC, and active noise cancellation, aiming to elevate consumer audio experiences. This launch addresses increasing demand for premium sound in the TWS market. The KN2 will be available on Digi-Key and Mouser in Q4 2022, highlighting Knowles' commitment to innovation based on over 75 years of audio expertise.

Knowles Corporation (NYSE: KN) reported Q2 results with revenues of $188 million, a 5.8% decrease year-over-year despite a 19% growth in Precision Devices and Hearing Health segments. The gross margin was 41.3%, while non-GAAP gross margin reached 41.5%. CEO Jeffrey Niew highlighted a restructuring program aiming for $25-$30 million in annual savings, focusing on high-margin products. However, the company incurred a diluted loss per share of $(2.64) due to significant goodwill impairment charges totaling $239.8 million.

Knowles Corporation (NYSE: KN) has appointed Daniel J. Crowley as an independent director, expanding its Board to nine members. Crowley brings over 38 years of aerospace and defense experience, having served as CEO of Triumph Group since 2016 and previously held senior roles at Raytheon and Lockheed Martin. His expertise is expected to enhance Knowles' focus on higher-value solutions, benefiting shareholder value. Crowley will also join the Compensation Committee of the Board.

Knowles Corporation (NYSE: KN) announced the release date for its second quarter 2022 financial results, set for August 2, 2022, after market close. This will be followed by a conference call at 3:30 p.m. Central time. The call will include participation from CEO Jeffrey Niew and CFO John Anderson in various investor conferences, including the Jefferies Industrials Conference on August 9 and the Oppenheimer Technology Conference on August 10. Knowles, a leader in advanced audio solutions, continues to focus on diversifying revenue and expanding into high-growth markets.