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 release its second quarter 2021 financial results on July 28, 2021, after market close. Following the announcement, a conference call will be held at 3:15 p.m. Central time (4:15 p.m. Eastern time) to discuss these results. Interested analysts and investors can join the call by dialing the specified numbers or via a webcast available on the Knowles investor website. The company's focus on advanced micro-acoustic microphones and audio solutions positions it in various high-growth markets, emphasizing innovation and customer experience.
Knowles Corporation (NYSE: KN) announced a significant legal victory as ITC Judge Charles E. Bullock found Shenzhen Bellsing Acoustic Technology misappropriated its trade secrets. The 129-page ruling recommended a 26-year exclusion order preventing Bellsing from importing devices using Knowles' technology, including hearing aids and headsets. Additionally, a cease and desist order was suggested against Bellsing and its founder. Knowles' CEO emphasized their commitment to protecting intellectual property, highlighting the company’s extensive R&D investments.
Knowles Corporation (NYSE: KN) has launched the AISonic™ White Goods Standard Solution, streamlining voice integration for smart appliances. This development kit allows OEMs and ODMs to easily incorporate voice control and speech recognition into devices like refrigerators and ovens. Built on the AISonic Audio Edge Processor IA8201, it supports multiple voice assistants and promotes a richer user experience. The smart appliance market is rapidly growing, with an expected shipment of 66M voice processors by 2024, showcasing a significant CAGR of 55% from 2019 to 2024.
Knowles Corporation (NYSE: KN) reported Q1 2021 revenues of $201 million, exceeding guidance. The gross profit margin improved to 38.8%. Strong demand for MEMS microphones and recovery trends in Hearing Health drove audio revenues, while Precision Devices met expectations. For Q2 2021, the company anticipates a 28% sales increase year-over-year, supported by record bookings in Precision Devices. Knowles aims for strong earnings growth in 2021, bolstered by increased revenues and operating expense control.
Knowles Corporation (NYSE: KN) will announce its first quarter 2021 financial results on April 22, 2021, following market closure. A conference call is scheduled for 3:30 p.m. Central time (4:30 p.m. Eastern time) to discuss the results. Interested analysts and investors can join the call using specific dial-in numbers and conference ID. A replay of the call will be available afterward through various platforms. Knowles is a leader in advanced audio solutions, serving multiple sectors, including consumer electronics and industrial markets.
Knowles Corporation (NYSE: KN) has launched two new SiSonicTM MEMS microphones, SPH1878 and SPH9855, aimed at the automotive sector. These microphones cater to hands-free calling, voice assistance, and in-cabin noise cancellation, addressing rising automotive demands. Complying with AEC-Q100/103 standards, they promise high performance and reliability in harsh environments. Knowles emphasizes its commitment to the automotive market, backed by proprietary designs and scalable manufacturing capabilities. The microphones will soon be available for production.
Libre Wireless Technologies has formed a strategic alliance with Knowles Corporation to enhance their MAVID platforms. These platforms, designed for voice and AI applications, feature low-power, miniature solutions compatible with a variety of smart products. The collaboration aims to streamline the integration of voice control technologies into devices, thus shortening product development cycles. MAVID Voice offers a low-cost, local voice interface without needing a network, while MAVID 3M supports voice control for third-party devices. This partnership positions both firms to meet the rising demand for voice-activated innovations.
Knowles Corporation (NYSE: KN) has launched the AISonic Bluetooth Standard Solution, a comprehensive development kit designed for seamless voice integration in Bluetooth devices. This solution enables manufacturers to implement voice-activated features across a range of products, such as smart speakers and automotive voice assistants. Powered by the IA8201 audio processor, the kit is noted for its low power consumption, making it ideal for battery-operated devices. The offering is part of Knowles' broader initiative to enhance voice capabilities in the rapidly evolving IoT market.
Knowles Corporation (NYSE: KN) reported strong financial results for Q4 FY20, exceeding guidance with revenues of $243.2 million and diluted EPS of $0.32. This performance was driven by heightened demand for MEMS microphones and signs of recovery in the Hearing Health sector. Gross profit margins improved to 37.8%, reflecting solid operational execution. The company expects continued growth in 2021, supported by favorable market trends.
Knowles Corporation (NYSE: KN) announced preliminary results for Q4 2020, projecting revenues of $243 million, surpassing prior guidance of $210 to $225 million. Expected gross profit margins are estimated between 36.0% to 38.0%, slightly below previous expectations of 37.0% to 39.0%. Earnings per share (EPS) is forecasted at $0.28 to $0.32, compared to prior guidance of $0.36 to $0.40. The results highlight strong demand in the MEMS microphone sector, improving trends in Hearing Health, and solid execution across markets. An earnings report is set for February 4, 2021.
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