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) will participate in two significant financial conferences. The Roth 10th Annual Technology Event will be held virtually on
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.
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