Latest news with #KnowlesCorporation
Business Wire
7 days ago
- Business
- Business Wire
Knowles Reports Q2 2025 Financial Results and Provides Outlook for Q3 2025
ITASCA, Ill.--(BUSINESS WIRE)--Knowles Corporation (NYSE: KN), a leading manufacturer of specialty electronic components, including high performance capacitors, radio frequency ("RF") filters, advanced medtech microphones, and balanced armature speakers, today announced results for the quarter ended June 30, 2025. 'We closed the second quarter of 2025 with revenues and cash provided by operating activities exceeding the high-end of our guided range and non-GAAP diluted EPS from continuing operations above the mid-point of our guided range. Our cash generated by operating activities in the quarter was strong, allowing us to repurchase $30 million in shares,' commented Jeffrey Niew, President, and CEO of Knowles. 'We continue to see increased order activity and backlog in our Precision Devices segment across a broad range of our end markets while the MedTech and Specialty Audio business continues to perform at expectations,' Mr. Niew continued. 'I expect continued growth sequentially and year over year in the third quarter and throughout the remainder of 2025.' Our current portfolio of businesses has a proven record of financial success in growing end markets. The most recent quarterly results demonstrate the potential for higher organic growth and margins. Strong secular growth trends in Medtech, Defense, and Industrial markets along with an expanding portfolio of differentiated products positions Knowles for year over year revenue growth beyond 2025. 'The momentum and strength of the business gives me confidence in our ability to continue to drive value for our shareholders,' concluded Mr. Niew. Financial Highlights The following table highlights the Company's financial performance on both a GAAP and supplemental non-GAAP basis for continuing operations* with the exception of Net cash provided by operating activities (in millions, except per share data): * Continuing operations excludes the results of our Consumer MEMS Microphones reporting business. ** Current period results include $0.06 per share in stock-based compensation expense, $0.04 per share in intangibles amortization expense, $0.03 per share in impairment charges, and $0.02 for differences related to the GAAP effective tax rate excluded from non-GAAP results. Third Quarter 2025 Outlook The forward looking guidance for the quarter ending September 30, 2025 on a continuing operations basis with the exception of Net cash provided by operating activities is as follows: Q3 2025 GAAP results from continuing operations are expected to include approximately $0.06 per share in stock-based compensation expense, $0.04 per share in intangibles amortization expense, and $0.01 in production transfer costs. These items are excluded from non-GAAP results. Non-GAAP Financial Measures In addition to the GAAP results included in this press release, Knowles has presented supplemental non-GAAP gross profit, earnings before interest and income taxes, adjusted earnings before interest and income taxes, non-GAAP diluted earnings per share, free cash flow, as well as other metrics on a non-GAAP basis that exclude certain amounts that are included in the most directly comparable GAAP measure to facilitate evaluation of Knowles' operating performance. Non-GAAP results are not presented in accordance with GAAP. Non-GAAP information should be considered a supplement to, and not a substitute for, financial statements prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this press release do not have standard meanings and may vary from similarly titled non-GAAP financial measures used by other companies. Knowles believes that non-GAAP measures are useful as supplements to its GAAP results of operations to evaluate certain aspects of its operations and financial performance, and its management team primarily focuses on non-GAAP items in evaluating Knowles' performance for business planning purposes. Knowles also believes that these measures assist it with comparing its performance between various reporting periods on a consistent basis, as these measures remove from operating results the impact of items that, in Knowles' opinion, do not reflect its core operating performance including, for example, stock-based compensation, certain intangibles amortization expense, impairment charges, restructuring, production transfer costs, and other charges which management considers to be outside our core operating results. Knowles believes that its presentation of these non-GAAP financial measures is useful because it provides investors and securities analysts with the same information that Knowles uses internally for purposes of assessing its core operating performance. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, see the reconciliation table accompanying this release. Webcast and Conference Call Information Investors can listen to a live or replay webcast of the Company's quarterly financial conference call at The live webcast will begin today at 3:30 p.m. Central time. The webcast replay will be available after 7:00 p.m. Central time today. A conference call replay will be available after 7:00 p.m. Central time on July 24 through 11:59 p.m. Central time on July 31 at (800) 770-2030 (Toll-Free Dial-In); (609) 800-9909 (Toll Dial-In). The conference ID is 8193117. A webcast replay will also be accessible via the Knowles website at for a limited time. About Knowles Knowles is a leading manufacturer of specialty electronic components. We design parts that perform unique, critical functions for innovative technologies. Through extreme reliability, custom engineering, and scalable manufacturing, we enable businesses to succeed in the most demanding applications across medtech, defense, and industrial markets. Our high-performance capacitors, RF and microwave filters, advanced medtech microphones, balanced armature speakers, and miniaturization products enable and enhance the performance of technologies with the power to change, improve, and save lives. Founded in 1946 and headquartered in Itasca, Illinois, Knowles has grown into a global organization with employees spanning 11 countries. For more information, please visit Forward-Looking Statements This news release contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, such as statements about our future plans, objectives, expectations, financial performance, and continued business operations. The words "believe," "expect," "anticipate," "project," "estimate," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "objective," "forecast," "goal," "guidance," "outlook," "effort," "target," and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made. The statements in this news release are based on currently available information and the current expectations, forecasts, and assumptions of Knowles' management concerning risks and uncertainties that could cause actual outcomes or results to differ materially from those outcomes or results that are projected, anticipated, or implied in these statements. Other risks and uncertainties include, but are not limited to: the occurrence of any event, change, or other circumstance giving rise to our inability to achieve some or all of the strategic and financial benefits that we expect to achieve in connection with our CMM divestiture; fluctuations in our stock's market price; fluctuations in operating results and cash flows; our ability to prevent or identify quality issues in our products or to promptly remedy any such issues that are identified; risks associated with increasing our inventories in advance of anticipated orders by customers; global economic instability, including due to inflation, rising interest rates, negative impacts caused by pandemics and public health crises, or the impacts of geopolitical uncertainties; the impact of changes to laws and regulations that affect the Company's ability to offer products or services to customers in different regions; our ability to achieve reductions in our operating expenses; the ability to qualify our products and facilities with customers; our ability to obtain, enforce, defend or monetize our intellectual property rights; disruption caused by a cybersecurity incident, including a cyber-attack, cyber breach, theft, or other unauthorized access; increases in the costs of critical raw materials and components; availability of raw materials and components; managing new product ramps and introductions for our customers; our dependence on a limited number of large customers; our ability to maintain and expand our existing relationships with leading OEMs in order to maintain and increase our revenue; increasing competition and new entrants in the market for our products; our ability to develop new or enhanced products or technologies in a timely manner that achieve market acceptance; escalating international trade tensions, new or increased tariffs and trade wars among countries; financial risks, including risks relating to currency fluctuations, credit risks and fluctuations in the market value of the Company; a sustained decline in our stock price and market capitalization may result in the impairment of certain intangible or long-lived assets; market risk associated with fluctuations in commodity prices, particularly for various precious metals used in our manufacturing operation, changes in tax laws, changes in tax rates and exposure to additional tax liabilities; and other risks, relevant factors, and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, subsequent Reports on Forms 10-Q and 8-K and our other filings we make with the U.S. Securities and Exchange Commission. Knowles disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. KNOWLES CORPORATION (in millions, except per share amounts) (unaudited) Six Months Ended June 30, 2025 June 30, 2024 Revenues $ 278.1 $ 268.5 Cost of goods sold 160.1 156.2 Impairment charges 3.6 — Restructuring charges - cost of goods sold 0.5 1.3 Gross profit 113.9 111.0 Research and development expenses 19.7 19.0 Selling and administrative expenses 73.1 72.9 Restructuring charges 2.4 1.4 Operating expenses 95.2 93.3 Operating earnings 18.7 17.7 Interest expense, net 5.2 9.0 Other expense (income), net 1.4 (0.1 ) Earnings before income taxes and discontinued operations 12.1 8.8 Provision for income taxes 4.7 5.0 Earnings from continuing operations 7.4 3.8 Loss from discontinued operations, net (1.6 ) (260.6 ) Net earnings (loss) $ 5.8 $ (256.8 ) Earnings per share from continuing operations: Basic $ 0.08 $ 0.04 Diluted $ 0.08 $ 0.04 Loss per share from discontinued operations: Basic $ (0.01 ) $ (2.91 ) Diluted $ (0.01 ) $ (2.88 ) Net earnings (loss) per share: Basic $ 0.07 $ (2.87 ) Diluted $ 0.07 $ (2.84 ) Weighted-average common shares outstanding: Basic 87.3 89.5 Diluted 88.3 90.4 Expand KNOWLES CORPORATION (in millions, except per share amounts) (unaudited) Quarter Ended Six Months Ended June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Gross profit $ 60.6 $ 53.3 $ 57.8 $ 113.9 $ 111.0 Gross profit as % of revenues 41.5 % 40.3 % 42.8 % 41.0 % 41.3 % Stock-based compensation expense 0.3 0.5 0.4 0.8 0.8 Impairment charges 3.6 — — 3.6 — Restructuring charges — 0.5 0.3 0.5 1.3 Production transfer costs (2) 0.2 0.1 0.7 0.3 1.5 Acquisition-related costs (3) — — 0.6 — 2.0 Transition services credit (4) (0.2 ) (0.2 ) — (0.4 ) — Other (5) — 0.8 — 0.8 1.1 Non-GAAP gross profit $ 64.5 $ 55.0 $ 59.8 $ 119.5 $ 117.7 Non-GAAP gross profit as % of revenues 44.2 % 41.6 % 44.2 % 43.0 % 43.8 % Research and development expenses $ 10.0 $ 9.7 $ 9.6 $ 19.7 $ 19.0 Stock-based compensation expense (0.8 ) (1.1 ) (0.5 ) (1.9 ) (1.0 ) Intangibles amortization expense (0.7 ) (0.5 ) (0.6 ) (1.2 ) (1.2 ) Acquisition-related costs (3) — — (0.1 ) — (0.4 ) Transition services credit (4) — 0.1 — 0.1 — Other (5) 0.1 — — 0.1 — Non-GAAP research and development expenses $ 8.6 $ 8.2 $ 8.4 $ 16.8 $ 16.4 Selling and administrative expenses $ 35.9 $ 37.2 $ 35.6 $ 73.1 $ 72.9 Stock-based compensation expense (5.2 ) (8.6 ) (5.0 ) (13.8 ) (9.2 ) Intangibles amortization expense (3.4 ) (3.5 ) (3.6 ) (6.9 ) (7.4 ) Production transfer costs (2) — (0.1 ) (0.1 ) (0.1 ) (0.1 ) Acquisition-related costs (3) (0.2 ) (0.5 ) (1.3 ) (0.7 ) (3.8 ) Transition services credit (4) 0.3 0.4 — 0.7 — Other (5) 0.2 — (0.1 ) 0.2 (0.2 ) Non-GAAP selling and administrative expenses $ 27.6 $ 24.9 $ 25.5 $ 52.5 $ 52.2 Operating expenses $ 45.9 $ 49.3 $ 45.1 $ 95.2 $ 93.3 Stock-based compensation expense (6.0 ) (9.7 ) (5.5 ) (15.7 ) (10.2 ) Intangibles amortization expense (4.1 ) (4.0 ) (4.2 ) (8.1 ) (8.6 ) Restructuring charges — (2.4 ) 0.1 (2.4 ) (1.4 ) Production transfer costs (2) — (0.1 ) (0.1 ) (0.1 ) (0.1 ) Acquisition-related costs (3) (0.2 ) (0.5 ) (1.4 ) (0.7 ) (4.2 ) Transition services credit (4) 0.3 0.5 — 0.8 — Other (5) 0.3 — (0.1 ) 0.3 (0.2 ) Non-GAAP operating expenses $ 36.2 $ 33.1 $ 33.9 $ 69.3 $ 68.6 Net earnings (loss) from continuing operations $ 7.8 $ (0.4 ) $ 4.8 $ 7.4 $ 3.8 Interest expense, net 2.5 2.7 4.6 5.2 9.0 Provision for income taxes 3.5 1.2 3.0 4.7 5.0 Earnings from continuing operations before interest and income taxes 13.8 3.5 12.4 17.3 17.8 Earnings from continuing operations before interest and income taxes as % of revenues 9.5 % 2.6 % 9.2 % 6.2 % 6.6 % Stock-based compensation expense 6.3 10.2 5.9 16.5 11.0 Intangibles amortization expense 4.1 4.0 4.2 8.1 8.6 Impairment charges 3.6 — — 3.6 — Restructuring charges — 2.9 0.2 2.9 2.7 Production transfer costs (2) 0.2 0.2 0.8 0.4 1.6 Acquisition-related costs (3) 0.2 0.5 2.0 0.7 6.2 Transition services credit (4) (0.5 ) (0.7 ) — (1.2 ) — Other (5) — 1.1 (0.3 ) 1.1 0.6 Adjusted earnings from continuing operations before interest and income taxes $ 27.7 $ 21.7 $ 25.2 $ 49.4 $ 48.5 Adjusted earnings from continuing operations before interest and income taxes as % of revenues 19.0 % 16.4 % 18.6 % 17.8 % 18.1 % Net earnings (loss) from continuing operations $ 7.8 $ (0.4 ) $ 4.8 $ 7.4 $ 3.8 Interest expense, net 2.5 2.7 4.6 5.2 9.0 Provision for income taxes 3.5 1.2 3.0 4.7 5.0 Earnings from continuing operations before interest and income taxes 13.8 3.5 12.4 17.3 17.8 Non-GAAP reconciling adjustments (7) 13.9 18.2 12.8 32.1 30.7 Depreciation expense 5.0 5.0 5.1 10.0 10.3 Adjusted earnings from continuing operations before interest, income taxes, depreciation, and amortization ("Adjusted EBITDA") $ 32.7 $ 26.7 $ 30.3 $ 59.4 $ 58.8 Adjusted EBITDA as a % of revenues 22.4 % 20.2 % 22.4 % 21.4 % 21.9 % Quarter Ended Six Months Ended June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Provision for income taxes $ 3.5 $ 1.2 $ 3.0 $ 4.7 $ 5.0 Income tax effects of non-GAAP reconciling adjustments (6) 0.5 1.6 (0.8 ) 2.1 (0.9 ) Non-GAAP provision for income taxes $ 4.0 $ 2.8 $ 2.2 $ 6.8 $ 4.1 Net earnings (loss) from continuing operations $ 7.8 $ (0.4 ) $ 4.8 $ 7.4 $ 3.8 Non-GAAP reconciling adjustments (7) 13.9 18.2 12.8 32.1 30.7 Income tax effects of non-GAAP reconciling adjustments (6) 0.5 1.6 (0.8 ) 2.1 (0.9 ) Non-GAAP net earnings $ 21.2 $ 16.2 $ 18.4 $ 37.4 $ 35.4 Diluted earnings per share from continuing operations $ 0.09 $ — $ 0.05 $ 0.08 $ 0.04 Earnings per share non-GAAP reconciling adjustment (8) 0.15 0.18 0.15 0.33 0.34 Non-GAAP diluted earnings per share $ 0.24 $ 0.18 $ 0.20 $ 0.41 $ 0.38 Diluted average shares outstanding 87.6 87.8 89.9 88.3 90.4 Non-GAAP adjustment (9) 2.2 2.8 3.3 1.9 2.6 Non-GAAP diluted average shares outstanding (9) 89.8 90.6 93.2 90.2 93.0 Expand Notes: (1) In addition to the GAAP financial measures included herein, Knowles has presented certain non-GAAP financial measures that exclude certain amounts that are included in the most directly comparable GAAP measures. Knowles believes that non-GAAP measures are useful as supplements to its GAAP results of operations to evaluate certain aspects of its operations and financial performance, and its management team primarily focuses on non-GAAP items in evaluating Knowles' performance for business planning purposes. Knowles also believes that these measures assist it with comparing its performance between various reporting periods on a consistent basis, as these measures remove from operating results the impact of items that, in Knowles' opinion, do not reflect its core operating performance. Knowles believes that its presentation of non-GAAP financial measures is useful because it provides investors and securities analysts with the same information that Knowles uses internally for purposes of assessing its core operating performance. (2) Production transfer costs represent duplicate costs incurred to migrate manufacturing to facilities primarily within the United States. These amounts are included in the corresponding Gross profit and Earnings from continuing operations before interest and income taxes for each period presented. (3) These expenses are related to the acquisition of Cornell Dubilier by the Precision Devices segment. These expenses include ongoing costs to facilitate integration, the amortization of fair value adjustments to inventory, and costs incurred by the Company to carry out this transaction. (4) Transition services represent amounts charged to Syntiant in connection with post-closing transition and separation costs. (5) Other expenses include non-recurring professional service fees related to the execution of various reorganization projects and foreign currency exchange rate impacts on restructuring balances. (6) Income tax effects of non-GAAP reconciling adjustments are calculated using the applicable tax rates in the jurisdictions of the underlying adjustments. (7) The non-GAAP reconciling adjustments to reconcile Earnings from continuing operations before interest and income taxes to Adjusted earnings from continuing operations before interest and income taxes include stock-based compensation expense, intangibles amortization expense, impairment charges, restructuring charges, production transfer costs, acquisition-related costs, and other expenses, partially offset by a credit to transition services. (8) Non-GAAP diluted earnings per share includes reconciling adjustments on non-GAAP net earnings. (9) The number of shares used in the diluted per share calculations on a non-GAAP basis excludes the impact of stock-based compensation expense expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Expand KNOWLES CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except share and per share amounts) (unaudited) June 30, 2025 Current assets: Cash and cash equivalents $ 103.2 $ 130.1 Receivables, net of allowances of $0.1 101.1 105.0 Inventories 119.7 118.0 Prepaid and other current assets 10.8 8.3 Total current assets 334.8 361.4 Property, plant, and equipment, net 127.2 130.1 Goodwill 270.1 269.8 Intangible assets, net 149.3 157.4 Operating lease right-of-use assets 19.8 8.6 Investment in affiliate 77.2 77.2 Other assets and deferred charges 109.9 113.7 Total assets $ 1,088.3 $ 1,118.2 Current liabilities: Current maturities of long-term debt $ 71.0 $ 68.5 Accounts payable 38.8 58.5 Accrued compensation and employee benefits 23.1 29.4 Operating lease liabilities 3.7 3.9 Other accrued expenses 27.7 33.6 Federal and other taxes on income 2.9 3.7 Total current liabilities 167.2 197.6 Long-term debt 119.0 134.0 Deferred income taxes 1.1 1.1 Long-term operating lease liabilities 17.2 5.8 Other liabilities 37.7 23.7 Commitments and contingencies Stockholders' equity: Preferred stock - $0.01 par value; 10,000,000 shares authorized; none issued — — Common stock - $0.01 par value; 400,000,000 shares authorized; 99,262,597 and 85,887,606 shares issued and outstanding at June 30, 2025, respectively, and 98,551,188 and 87,358,659 shares issued and outstanding at December 31, 2024, respectively 1.0 1.0 Treasury stock - at cost; 13,374,991 and 11,192,529 shares at June 30, 2025 and December 31, 2024, respectively (240.4 ) (205.2 ) Additional paid-in capital 1,722.1 1,711.9 Accumulated deficit (607.8 ) (613.6 ) Accumulated other comprehensive loss (128.8 ) (138.1 ) Total stockholders' equity 746.1 756.0 Total liabilities and stockholders' equity $ 1,088.3 $ 1,118.2 Expand KNOWLES CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (unaudited) Six Months Ended June 30, 2025 2024 Operating Activities Net earnings (loss) $ 5.8 $ (256.8 ) Adjustments to reconcile net earnings (loss) to cash from operating activities: Goodwill impairment — 249.4 Depreciation and amortization 18.1 27.4 Stock-based compensation 16.5 14.1 Deferred income taxes 4.8 0.9 Fixed asset impairment 3.6 — Non-cash interest expense and amortization of debt issuance costs 2.8 4.3 Loss on sale of business 1.6 — Non-cash restructuring charges — 0.4 Gain on sale or disposal of fixed assets — (1.1 ) Gain on sale of technology — (7.2 ) Other, net 3.6 (0.4 ) Changes in assets and liabilities (excluding effects of foreign exchange): Receivables, net 2.8 (1.0 ) Inventories (0.4 ) 3.4 Prepaid and other current assets (1.7 ) (2.4 ) Accounts payable (20.8 ) 2.8 Accrued compensation and employee benefits (6.6 ) (0.6 ) Other accrued expenses (5.4 ) (2.6 ) Accrued taxes (0.9 ) 17.2 Other non-current assets and non-current liabilities 13.9 (5.6 ) Net cash provided by operating activities 37.7 42.2 Investing Activities Proceeds from the sale of technology — 7.2 Capital expenditures (9.1 ) (6.6 ) Purchase of investments (1.6 ) (0.5 ) Proceeds from the sale of investments 1.6 0.5 Proceeds from seller loan repayment 0.5 — Net cash (used in) provided by investing activities (8.6 ) 0.6 Financing Activities Payments under revolving credit facility (15.0 ) (92.0 ) Borrowings under revolving credit facility — 78.0 Repurchase of common stock (35.0 ) (25.0 ) Tax on restricted and performance stock unit vesting and stock option exercises (6.9 ) (5.9 ) Payments of finance lease obligations (0.2 ) (1.3 ) Proceeds from exercise of stock options 0.6 0.2 Net cash used in financing activities (56.5 ) (46.0 ) Effect of exchange rate changes on cash and cash equivalents 0.5 (0.1 ) Net (decrease) increase in cash and cash equivalents (26.9 ) (3.3 ) Cash and cash equivalents at beginning of period 130.1 87.3 Cash and cash equivalents at end of period $ 103.2 $ 84.0 Expand KNOWLES CORPORATION (in millions, except per share amounts) (unaudited) Quarter Ended Six Months Ended June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net cash provided by operating activities $ 36.4 $ 1.3 $ 24.9 $ 37.7 $ 42.2 Less: amounts utilized by discontinued operations 8.3 21.0 1.3 29.3 0.2 Non-GAAP net cash attributable to continuing operations 44.7 22.3 26.2 67.0 42.4 Capital expenditures (5.1 ) (4.0 ) (3.2 ) (9.1 ) (6.6 ) Less: amounts attributable to discontinued operations — — 0.2 — 0.7 Non-GAAP capital expenditures attributable to continuing operations (5.1 ) (4.0 ) (3.0 ) (9.1 ) (5.9 ) Non-GAAP net cash attributable to continuing operations 44.7 22.3 26.2 67.0 42.4 Non-GAAP capital expenditures attributable to continuing operations (5.1 ) (4.0 ) (3.0 ) (9.1 ) (5.9 ) Adjusted free cash flow $ 39.6 $ 18.3 $ 23.2 $ 57.9 $ 36.5 Adjusted free cash flow as a % of revenues 27.1 % 13.8 % 17.2 % 20.8 % 13.6 % Expand (1) In addition to measuring cash flow generation based on the operating, investing, and financing classifications included in the Consolidated Statement of Cash Flows, Knowles also measures adjusted free cash flow and adjusted free cash flow as a percentage of revenues. Adjusted free cash flow is defined as non-GAAP net cash attributable to continuing operations less non-GAAP capital expenditures attributable to continuing operations. Non-GAAP net cash attributable to continuing operations is defined as net cash provided by operating activities less amounts generated or utilized by discontinued operations. Non-GAAP capital expenditures attributable to continuing operations is defined as capital expenditures less amounts attributable to discontinued operations. Knowles believes these measures are helpful in measuring its cash generated from its continuing operations that is available to repay debt, fund acquisitions, and repurchase Knowles common stock. Adjusted free cash flow and adjusted free cash flow as a percentage of revenues are not presented in accordance with GAAP and may not be comparable to similarly titled measures used by other companies in our industry. As such, adjusted free cash flow and adjusted free cash flow as a percentage of revenues should not be considered in isolation from, or as an alternative to, any other liquidity measures determined in accordance with GAAP. Expand
Forbes
15-07-2025
- Automotive
- Forbes
Knowles Balanced Armatures Will Power Status Audio's New Pro X Premium Earbuds
A hybrid arrangement of two balanced armatures and a dynamic driver make up each earpiece in the new ... More Status Pro X true wireless earbuds. Knowles Corporation (NYSE: KN), the leading manufacturer of specialty electronic components, including high performance capacitors, radio frequency filters, advanced medtech microphones and balanced armature drivers has announced that Status Audio has selected Knowles BA drivers for its new Status Pro X true wireless earbuds. Featuring a triple-driver hybrid configuration that uses two Knowles balanced armature transducers and a dynamic driver in each earbud, this distinctive combination is designed to deliver clear sound that can rival many other hybrid true wireless stereo earbuds currently in the market. Hybrid Driver Arrangement As consumers increase their expectations of what high-definition audio can deliver, this latest collaboration showcases the technical advantages of using a hybrid driver arrangement in a pair of true wireless earbuds. The new Status Pro X premium earbuds use a tripe hybrid driver arrangement that brings together two ... More Knowles balanced armatures and a 12mm diameter dynamic driver. Status Pro X earbuds have a sophisticated acoustic system that uses two miniaturized Knowles balanced armature drivers with the raw muscle of a 12mm diameter dynamic driver. The result is a frequency response that captures subtle sonic textures and dynamic range that a single-driver configuration simply can't achieve. The Status Pro X users have the option of selecting an equalizer adjustment including the Status Signature setting or the Knowles Curve setting, based on the Knowles Preferred Listening Response Curve. More Satisfying Listening Experience. The Knowles Preferred Listening Response Curve is a breakthrough in audio engineering and is based on research that shows how listeners across all age ranges and hearing abilities prefer expanded treble response beyond 10kHz for a more satisfying listening experience. By leveraging Knowles balanced armature technology, Status Audio says it can reach the higher frequencies necessary to produce optimal audio performance which unlocks intricate musical details while preserving the natural tonal balance that most audiophiles demand. The Status Pro X earbuds use high sensitivity balanced armatures that make it possible to improve ... More hearing personalization while still maximizing power efficiency. 'Our balanced armatures represent the pinnacle of miniaturized audio engineering,' says Jon Kiachian, president of medtech and specialty audio at Knowles Corporation. 'The collaboration with Status Audio exemplifies how our BA drivers can help innovative brands deliver truly exceptional audio experiences in remarkably compact form factors. The Status Pro X showcases exactly what becomes possible when cutting-edge driver technology meets thoughtful product design—an audio experience that reveals all the nuances and details of music that conventional earbuds simply cannot reproduce.' Knowles balanced armature drivers produce an unprecedented sound performance for their size, allowing Status Audio to produce an earbud that's 21% smaller than its previous model without compromising sound quality, frequency range or battery life. The high sensitivity of the balanced armatures also makes it possible to improve hearing personalization while still maximizing power efficiency. The Status Pro X earbuds are now available for pre-order and will start shipping early September. For more information on Knowles balanced armatures, visit To find out more about the new Status Pro X, visit the company's website.
Business Wire
02-07-2025
- Business
- Business Wire
Knowles to Release Second Quarter 2025 Financial Results on July 24, 2025
ITASCA, Ill.--(BUSINESS WIRE)--Knowles Corporation (NYSE: KN) a leading manufacturer of specialty electronic components, including high performance capacitors, radio frequency ("RF") filters, advanced medtech microphones, and balanced armature speakers, today announced the date for the release of its second quarter 2025 financial results. Second Quarter 2025 Conference Call and Webcast Knowles will issue its second quarter 2025 financial results on July 24, 2025, immediately after market close followed by a conference call at 3:30 p.m. Central time (4:30 p.m. Eastern time) to discuss the results and company outlook. Analysts and investors are invited to join the conference call using the following information: Date: Thursday, July 24, 2025 Time: 3:30 p.m. Central time (4:30 p.m. Eastern time) Toll-Free Dial-In Number: (800) 715-9871 Toll Dial-In Number: (646) 307-1963 Conference ID: 8193117 Webcast: A conference call replay will be available after 7:00 p.m. Central time on July 24 through 11:59 p.m. Central time on July 31 at (800) 770-2030 (Toll-Free Dial-In); (609) 800-9909 (Toll Dial-In). The conference ID is 8193117 followed by # key. A webcast replay will also be accessible via the Knowles website at for a limited time. About Knowles Knowles is a leading manufacturer of specialty electronic components. We design parts that perform unique, critical functions for innovative technologies. Through extreme reliability, custom engineering, and scalable manufacturing, we enable businesses to succeed in the most demanding applications across MedTech, Defense, and Industrial markets. Our high-performance capacitors, RF/Microwave filters, advanced medtech microphones, balanced armatures, and miniaturization products enable and enhance the performance of technologies with the power to change, improve, and save lives. Founded in 1946 and headquartered in Itasca, Illinois, Knowles has grown into a global organization with employees spanning 11 countries. For more information, please visit
Yahoo
06-05-2025
- Business
- Yahoo
There May Be Reason For Hope In Knowles' (NYSE:KN) Disappointing Earnings
The market was pleased with the recent earnings report from Knowles Corporation (NYSE:KN), despite the profit numbers being soft. However, we think the company is showing some signs that things are more promising than they seem. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. NYSE:KN Earnings and Revenue History May 6th 2025 How Do Unusual Items Influence Profit? Importantly, our data indicates that Knowles' profit was reduced by US$8.4m, due to unusual items, over the last year. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If Knowles doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On Knowles' Profit Performance Unusual items (expenses) detracted from Knowles' earnings over the last year, but we might see an improvement next year. Because of this, we think Knowles' earnings potential is at least as good as it seems, and maybe even better! On the other hand, its EPS actually shrunk in the last twelve months. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Every company has risks, and we've spotted 1 warning sign for Knowles you should know about. Today we've zoomed in on a single data point to better understand the nature of Knowles' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
22-04-2025
- Business
- Yahoo
Knowles Corporation (KN) Fell Following a Quarterly Earnings Miss
Ariel Investments, an investment management company, released its 'Ariel Appreciation Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, investors fled to shelter as hopes for another year of U.S. outperformance, driven by economic momentum and the new administration's pro-business approach swiftly gave way to tariff fears and policy uncertainty, causing most of the major U.S. indices to close the quarter in the red. Against this backdrop, the fund returned -6.94% in the first quarter underperforming the Russell Midcap Value Index's -2.11% returns, and the Russell Midcap Index's -3.40% returns. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Ariel Appreciation Fund highlighted stocks such as Knowles Corporation (NYSE:KN). Knowles Corporation (NYSE:KN) provides capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions. The one-month return of Knowles Corporation (NYSE:KN) was -11.51%, and its shares lost 10.51% of their value over the last 52 weeks. On April 21, 2025, Knowles Corporation (NYSE:KN) stock closed at $14.30 per share with a market capitalization of $1.266 billion. Ariel Appreciation Fund stated the following regarding Knowles Corporation (NYSE:KN) in its Q1 2025 investor letter: "Leading provider of audio components and precision electrical devices, Knowles Corporation (KN), also traded lower following a quarterly earnings miss as slower than expected shipments of new specialty film products weighed on results. Meanwhile, demand from hearing aid companies for speakers/receivers is accelerating and management noted the industrial market appears to be stabilizing. Longer-term, we believe KN will benefit from a focus on niche and market leading positions in hearing health and precision devices, generating attractive revenue growth and free cash flows. At current levels, KN is trading at a meaningful discount to our estimate of private market value." A research and development lab, assembling a network of high-performance capacitors. Knowles Corporation (NYSE:KN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held Knowles Corporation (NYSE:KN) at the end of the third quarter which was 13 in the previous quarter. In the fourth quarter, Knowles Corporation (NYSE:KN) generated $143 million in revenues which was within the guided range. While we acknowledge the potential of Knowles Corporation (NYSE:KN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Knowles Corporation (NYSE:KN) and shared Madison Small Cap Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
