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) will participate in two significant financial conferences. The Roth 10th Annual Technology Event will be held virtually on November 18, 2021, followed by the 5th Annual Wells Fargo TMT Summit on December 2, 2021, which includes a fireside chat at 10:00 a.m. ET. Investors can access a live webcast and archived replay in the Investors Relations section of Knowles’ website. Knowles, based in location value="LU/us.il.itasca"Itasca, Illinois, specializes in micro-acoustic microphones, audio solutions, and high-performance capacitors.
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Knowles Corporation (NYSE: KN) will host an Investor Update call on November 30, 2021, from 9:00 a.m. CT to 11:00 a.m. CT. The event will feature insights from Jeffrey Niew, CEO, and John Anderson, CFO, discussing the company's growth strategies, capital allocation, and mid-term targets. Investors can access the webcast on the Investor Relations page of knowles.com. A replay will be available post-event, and participants can also join via phone using the provided numbers.
Knowles Corporation (NYSE: KN) reported a strong Q3 2021, with revenues of $233 million, marking an 8% increase year-over-year. Non-GAAP gross margins reached 41.8%, while diluted EPS was $0.29, exceeding expectations. Cash from operations totaled $56 million. The company highlighted record revenues in its Precision Devices segment, up 35% driven by high demand across various markets. Looking ahead, Knowles anticipates further growth in Q4, driven by favorable product mix and operating leverage, aiming to achieve record cash operations for the full year.
Knowles Corporation (NYSE: KN) will release its third quarter 2021 financial results on October 27, 2021, after market close, followed by a conference call at 3:30 p.m. Central time. Analysts and investors can access the call using specific dial-in numbers and a conference ID. A replay of the call will be available until November 4, 2021. Knowles is a leader in micro-acoustic microphones and audio processing solutions, serving diverse markets including consumer electronics and medtech, and aims to diversify revenue through innovative solutions.
Knowles Corporation (NYSE: KN) announced the passing of Ronald Jankov, a board member since its public debut in 2014. His contributions as a founder and CEO of GlobalLink1 Capital significantly impacted the company. CEO Jeffrey Niew and chairman Donald Macleod expressed their deep condolences, highlighting Jankov's leadership and commitment. This loss may create a leadership gap for Knowles, which specializes in advanced audio solutions across various markets.
Knowles Corporation (NYSE: KN) has launched the AISonic™ IA8201 Raspberry Pi Development Kit, designed to streamline voice and audio functionality in various applications across multiple industries. This comprehensive kit allows OEM/ODM engineers to quickly prototype and test voice and machine learning capabilities, thereby reducing development costs. The IA8201 Audio Edge Processor is a key component, promoting ultra-low power usage and high-performance audio processing. A Parks Associates survey indicates a growing consumer demand for voice-controlled devices, creating a substantial market opportunity for Knowles.
Knowles Corporation (NYSE: KN) has launched its AI-enabled True Wireless Stereo (TWS) Development Platform to streamline product development for OEMs. This platform includes a fully operational TWS development kit with pre-tuned earbuds featuring Knowles SiSonic™ MEMS Microphone Arrays and various speaker drivers. The kit facilitates advanced features like Active Noise Cancellation and voice command integration, enabling faster time-to-market. This move underscores Knowles' position in the expanding TWS market, projected to grow significantly across all price segments.
Knowles Corporation (NYSE: KN) reported strong Q2 2021 results, with revenues of $199.8 million, up 43% year-over-year. Non-GAAP gross margins reached 42.4%, exceeding guidance, while diluted EPS rose to $0.18. Key growth drivers included a doubling of Hearing Health sales and increased demand for MEMS microphones. Precision Devices achieved record revenues, aided by a medtech market recovery and a new acquisition. For Q3 2021, Knowles expects a 13% sales increase year-over-year, highlighting strong market positions and operational leverage for continued growth.