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.
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Knowles Corporation (NYSE: KN) announced the upcoming release of its first quarter 2023 financial results, scheduled for April 27, 2023, after market close. Following the results, the company will hold a conference call at 3:30 p.m. Central time to discuss the financial outcomes and outlook. Investors can join via specified U.S. and international call numbers or through a webcast. A replay will be available after the call until May 5, 2023. Knowles is recognized as a leader in advanced audio solutions and capacitors, serving multiple markets including medtech and consumer electronics. The firm continues its commitment to innovation and diversification of revenue streams.
Knowles Corporation (NYSE: KN) has launched the V2S200D Digital Voice Vibration Sensor, designed to enhance voice call quality in noisy environments. This innovative sensor works alongside microphones to filter background noise and improve clarity during calls in public places like restaurants and airports. With its compact design, low power consumption, and high signal-to-noise ratio, the V2S200D is suitable for manufacturers looking to improve user experience in TWS earbuds and other audio devices. It is currently sampling with lead customers and expected to enter mass production later this year.
Knowles Corporation (NYSE: KN) reported its Q4 2022 results, achieving non-GAAP gross margins at the high end of expectations, despite continued weak consumer demand affecting its Consumer MEMS Microphone segment. Total revenues reached $197.1 million, down from $234.3 million in Q4 2021, with a gross profit of $75.3 million. Adjusted EBIT for Precision Devices rose by 29%, and MedTech & Specialty Audio increased by 10%. The company expects ongoing demand challenges in Q1 but anticipates improvements in Q2 and has extended its $400 million credit facility to 2028, highlighting a strong balance sheet.