Welcome to our dedicated page for Knowles news (Ticker: KN), a resource for investors and traders seeking the latest updates and insights on Knowles stock.
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 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.
Knowles Corporation (NYSE: KN) has unveiled the Preferred Listening Response Curve, a new earphone design standard aimed at enhancing the audio experience. Research shows that many True Wireless Stereo (TWS) earphones do not adequately reproduce high-frequency sounds critical for high-resolution audio streaming. The study analyzed over 200 Billboard Hot 100 recordings, revealing listeners prefer a boost of 12 to 21 dB in frequencies beyond 10 kHz. This curve also aids in tuning earphones for users with varying hearing abilities. A whitepaper detailing hardware suggestions is available.
Knowles Corporation (NYSE: KN) has launched an innovative dual-diaphragm balanced armature (BA) technology that enhances audio output while preserving a compact size. This technology features two chambers with separate diaphragms, driven by a single coil, delivering superior sound quality for premium earphones and hearing devices. Knowles partners with Campfire Audio and Astell&Kern to utilize this BA in their new Pathfinder earphone. The technology marks a significant advancement in HiFi audio, promising improved performance in future Campfire designs.
Knowles Corporation (NYSE: KN) announced participation in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference. CEO Jeffrey Niew and CFO John Anderson will engage in a fireside chat on May 25, 2022, at 10:00 am ET in Boston, Massachusetts. They will also hold 1x1 and small group meetings on May 24 and the morning of May 25. For further information and live webcast registration, visit the Investor Relations page.
Knowles Corporation (NYSE: KN) has unveiled its collaboration with JH Audio on the new Sharona IEM, featuring 16 drivers and a four-way crossover aimed at top performers. The innovative product includes the Knowles Supertweeter, which enhances treble output using a patented coil design, reaching ultra-high frequencies of 40kHz. The Sharona IEM is designed for optimal sound quality, providing musicians with an immersive audio experience. This launch highlights Knowles' commitment to advancing audio technology in the pro audio market.