Knowles (NYSE: KN ) continues to largely see stability in their end markets following softness over the past 12 months. Assuming most of this demand decline is indeed a reflection of market trends rather than competitive issues, the Analyst's Disclosure: I/we have a beneficial long position in the shares of KN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I ...

IRVINE, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low power edge AI deployments, today announced it has signed a definitive agreement to acquire certain assets of Knowles Corporation's (NYSE: KN) Consumer MEMS Microphones (CMM) business. Knowles' CMM division is an industry-leading manufacturer and supplier of high performance SiSionic™ micro-electro-mechanical systems (MEMS) microphones that are essential for voice and audio applications in smartphones, smart speak ...

The company's ceramic capacitors will also appear on the U.S. Department of Defense's Qualified Products List (QPL) ITASCA, Ill., Aug. 14, 2024 /PRNewswire/ -- Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic microphones and speakers, audio solutions, and high-performance capacitors and RF products, today announced they will manufacture and test MIL-PRF-55681 capacitors in the United States. Developed by the Defense Logistics Agency (DLA), MIL-PRF-55681 is a cri ...

The QAS Series reduces early failures in relays, switch contacts, and solid-state components ITASCA, Ill., Aug. 8, 2024 /PRNewswire/ -- Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic microphones and speakers, audio solutions, and high-performance capacitors and RF products, today announced the QAS Series, a new line of RC-type Arc Suppressor/Snubber components that extend the operating life of electronic and electro-mechanical devices. Knowles' Cornell Dubilie ...

Knowles Corporation (NYSE:KN) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Sarah Cook - Vice President-Investor Relations Jeffrey Niew - President and Chief Executive Officer John Anderson - Senior Vice President and Chief Financial Officer Conference Call Participants Christopher Rolland - Susquehanna Anthony Stoss - Craig-Hallum Tyler Bomba - Baird Bob Labick - CJS Securities Operator Thank you for standing by. My name is Kaylin. I will be your conference operator today. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36102 Knowles Corporation (Exact name of registrant as specified in its charter) Delaware 90-1002689 (State o ...

Exhibit 99.1 Financial Contact: Sarah Cook Knowles Investor Relations Email: investorrelations@knowles.com Knowles Reports Q2 2024 Financial Results and Provides Outlook for Q3 2024 Second Quarter Revenues increased 18% on a year over year basis to $205M, in line with guidance Net Cash from Operations of $25 million; at the mid-point of the Guided Range ITASCA, Ill., July 31, 2024 - Knowles Corporation (NYSE: KN) ("Knowles" the "Company"), a leading global supplier of high performance electronics for demand ...

Financial Data and Key Metrics Changes - The company reported Q1 2024 revenue of $196 million, exceeding the midpoint of guidance and up 36% year-over-year [5][31] - Earnings per share (EPS) for the quarter was $0.20, at the high end of guidance and $0.15 above the prior year [5][31] - Cash from operations was $17 million, surpassing the high end of guidance, driven by higher customer collections and lower inventory levels [12][31] - Gross margins were 36.1%, down 1,100 basis points from the previous year due to lower factory capacity utilization and the acquisition of Cornell [32] Business Line Data and Key Metrics Changes - Precision Devices revenue increased by 38% year-over-year to $74 million, primarily due to the acquisition of Cornell [6][10] - MedTech and specialty audio segment revenue was $57 million, up 26% year-over-year, with gross margins improving to 54.8% [10][27] - Consumer MEMS microphone revenue reached $65 million, a 44% increase from the previous year, attributed to increased consumer demand and market share gains [32] Market Data and Key Metrics Changes - The company noted robust demand in the hearing health market, driven by favorable market dynamics such as aging populations and improved hearing aid penetration [27] - The industrial and distribution end markets faced challenges with elevated inventory levels, impacting shipments [10][28] Company Strategy and Development Direction - The company is focused on high-growth end markets with differentiated solutions, indicating a strategic transformation [26] - Management expressed excitement about the synergistic opportunities and market expansion brought by the Cornell acquisition [7][18] - The company plans to explore acquisition opportunities, repurchase shares, and maintain manageable debt levels [9][40] Management Comments on Operating Environment and Future Outlook - Management anticipates a recovery in the second half of 2024, with expectations of double-digit revenue and adjusted EBIT growth in the Precision Devices segment [29] - The company remains cautiously optimistic about sequential growth in the MedTech and specialty audio segment, particularly in Q4 [37][63] - Management highlighted the stable pricing environment in the MedTech and defense markets, which supports their pricing power [44][68] Other Important Information - The company is progressing towards a conclusion regarding strategic alternatives, considering all stakeholders involved [8][58] - The projected adjusted EBIT margin for Q2 2024 is expected to be between 14% and 16% [13] Q&A Session Summary Question: Insights on back half recovery expectations - Management expects sequential growth in the Precision Devices segment from Q1 to Q2 and continuing into Q3 and Q4, with cautious optimism regarding industrial and distribution growth [15][16] Question: Update on CMM business and M&A - Management indicated that the CMM business is performing well, with expectations for continued revenue growth, and they are exploring M&A opportunities [38][60] Question: Competitive environment and pricing dynamics - Management noted stable pricing in the MedTech and specialty audio segments, with some pricing increases expected in the Precision Devices segment [44][67] Question: Revenue expectations for Cornell acquisition - Management projected revenue for the Cornell acquisition to be slightly below previous expectations, estimating between $135 million and $140 million for the year [65][66]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36102 Knowles Corporation (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Safe Harbor Non-GAAP Disclaimer Q1 2024 Year-over-Year 144.3 196.4 +300.0% +36.1% -21.0% 21.9 17.3 1Q231Q24 0.05 0.20 1Q231Q24 • Non-GAAP Diluted EPS increased from Q1 2023 as shipment volumes were significantly higher driving increased gross profit. Earnings Release Supplemental Information May 1, 2024 This presentation 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 futu ...