Knowles Corporation
23.59+0.10 (+0.43%)
Oct 29, 4:00:02 PM EDT · NYSE · KN · USD
Key Stats
Market Cap
2.01BP/E (TTM)
58.98Basic EPS (TTM)
0.40Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
Knowles Corporation posted solid Q2 results, with revenues climbing 7.9% year-over-year to $145.9 million, fueled by stronger demand in electrification and defense for Precision Devices and higher shipments of metal cans to Syntiant in MedTech & Specialty Audio. Gross margins held steady at 41.5%, though a $3.6 million impairment on machinery tempered gains, while operating earnings rose 15.7% to $14.7 million on cost efficiencies. Diluted EPS from continuing operations improved to $0.09 from $0.05, aligning with 87.6 million shares. Cash dipped to $103.2 million after $35 million in buybacks, but free cash flow stayed robust at $57.9 million YTD (derived), with $190 million total debt and $281 million revolver availability. The CMM sale closed December 2024 for $141.9 million (cash and stock), recognizing no new goodwill. Yet competition in specialty components lingers as a key risk.
8-K
Q2 revenues up 8% YoY
Knowles Corporation reported Q2 2025 revenues from continuing operations of $145.9 million, up 8% year over year, beating guidance highs while non-GAAP diluted EPS hit $0.24 and operating cash flow reached $36.4 million. Precision Devices grew 6% on broad demand in medtech, defense, and industrial markets, yet MedTech & Specialty Audio margins dipped to 42.0% from unfavorable mix. The company repurchased $30 million in shares. Q3 outlook projects $144-154 million in revenues with continued sequential growth, but risks like raw material costs and customer concentration loom.
8-K
Knowles outlines growth strategy
Knowles Corporation hosted its Investor Day on May 13, 2025, unveiling a strategic blueprint for growth in MedTech, Defense, Industrial, and Energy markets. The company targets 8-10% revenue CAGR through 2029, blending 4-6% organic expansion with targeted acquisitions, while aiming for 10-14% Adjusted EBITDA CAGR and 300-500 basis points margin uplift. Precision Devices eyes 6-8% organic growth; MedTech & Specialty Audio, 2-4%. Risks include execution hurdles in M&A integration and market volatility.
8-K
Annual meeting votes pass
Knowles Corporation's stockholders overwhelmingly elected eight directors—Laura Angelini, Keith Barnes, Jason Cardew, Daniel Crowley, Didier Hirsch, Ye Jane Li, Jeffrey S. Niew, Cheryl Shavers, and Michael Wishart—to one-year terms at the April 29, 2025 annual meeting. They ratified PricewaterhouseCoopers LLP as the independent auditor for 2025 with 83.8 million votes in favor. An advisory vote approved executive compensation, signaling strong governance alignment. Shareholders backed the board.
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