Welcome to our dedicated page for KNOWLES CORPORATION news (Ticker: KN), a resource for investors and traders seeking the latest updates and insights on KNOWLES CORPORATION stock.
Knowles Corporation (NYSE: KN) is a market leader and global supplier in the field of advanced micro-acoustic, specialty components, and human interface solutions. With over 65 years of industry excellence, Knowles has established itself as a pivotal player in various sectors including mobile communications, consumer electronics, medical technology, military/space, and other industrial markets. The company is headquartered in Itasca, Illinois, and operates globally with approximately 7,100 employees in 14 countries.
Knowles Corporation specializes in designing and manufacturing high-performance capacitors, radio frequency filtering products, balanced armature speakers, advanced micro-acoustic microphones, and comprehensive audio solutions. Its operations are segmented into three primary areas:
- Precision Devices Segment: Focuses on high-performance capacitor products and RF solutions, including the recently launched Electric Double Layer Capacitor (EDLC) modules.
- Medtech & Specialty Audio Segment: Designs and manufactures microphones and balanced armature speakers for specialized applications.
- Consumer MEMS Microphones Segment: Produces micro-electro-mechanical systems (MEMS) microphones and audio solutions for a broad array of consumer electronics.
Recent achievements include the acquisition of Cornell Dubilier in 2023, which enhanced Knowles' offerings in high-quality film, electrolytic, and mica capacitors. Knowles' new EDLC modules feature supercapacitors that can handle higher operating voltages, providing significant energy storage solutions suitable for solar energy harvesting, AGVs, EV transportation, and numerous other applications.
Knowles Corporation continues to innovate by introducing disruptive technologies like the world's first miniature microphone and receiver for hearing aids back in 1954. Their products undergo rigorous testing to ensure dependable performance, making them a trusted choice for demanding environments. The company’s strong commitment to customer satisfaction, combined with proprietary manufacturing techniques and global operational expertise, enables it to deliver cutting-edge solutions across multiple industries.
Knowles Corporation (NYSE: KN) has launched a new series of SiSonic MEMS microphones—Titan, Falcon, and Robin—aimed at enhancing audio experiences in wearable technology. Designed for applications like True Wireless Stereo earbuds, smartwatches, and AR/VR devices, these microphones offer high performance with low power consumption. Titan consumes 60% less current than typical digital mics and features improved latency, while Falcon boosts SNR to 68.5dB. This innovation underscores Knowles' commitment to optimizing audio clarity and battery life for consumer electronics.
Knowles Corporation (NYSE: KN) has unveiled new solutions tailored for over-the-counter (OTC) hearing aids, including three balanced armature receivers and two MEMS microphones. This release comes in light of the FDA's regulations for OTC hearing aids, effective since October 17, 2022. These components aim to enhance sound quality, design flexibility, and manufacturing efficiency. Knowles' advanced technology is positioned to support the emerging OTC market, addressing the needs of millions with mild to moderate hearing loss while ensuring high-performance standards.
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.
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