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 robust Q4 results with gross margins of 43.1% and diluted EPS of $0.98. FY earnings from continuing operations reached $150 million, with adjusted EBIT at $174 million or 20.1% of revenues. The strong performance was attributed to a favorable product mix, particularly in Precision Devices and Hearing Health, with bookings up 40% year-over-year. The company anticipates continued growth in Q1 2022, aiming for higher non-GAAP margins and earnings compared to the prior year.
Knowles Corporation (NYSE: KN) announced its fourth quarter and full year 2021 financial results release date, set for February 9, 2022, after market close. A conference call will follow at 3:30 p.m. Central time. The company will partake in several upcoming investor conferences, including the Susquehanna Technology Conference on March 3, 2022, and the Roth Conference on March 14-15, 2022. Founded in 1946, Knowles is a leader in micro-acoustic microphones, serving diverse markets. For more information, visit knowles.com.
Knowles Corporation (NYSE: KN) announces a collaboration with Ole Wolff to enhance True Wireless Stereo (TWS) earphones by integrating a new high-performance balanced armature tweeter with an 8mm dynamic woofer. This hybrid audio solution promises superior sound quality in a compact design, featuring rich bass and effective active noise cancellation (ANC), meeting consumer demand for high-definition audio. The tweeter is capable of output up to 40 kHz, ensuring certification for JAS Hi-Res Audio, thus expanding OEM capabilities in the growing TWS market.
Knowles Corporation (NYSE: KN) has launched the GM series receiver, a two-way balanced armature receiver designed for hearing aids, in partnership with Lucid Hearing. This receiver offers audiophile-quality sound and enhances the music-listening experience for those with hearing impairments. The new technology provides significant improvements in sound clarity and comfort, enabling users to enjoy music more fully. This product represents a notable advancement in the convergence of hearing health and premium audio, marking a milestone for Knowles in the hearing aid market.
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.