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 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 ...

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 ...

Financial Contact: Sarah Cook Knowles Investor Relations Email: investorrelations@knowles.com Exhibit 99.1 Knowles Reports Q1 2024 Financial Results and Provides Outlook for Q2 2024 Q1 2024 Revenue of $196 million; above the midpoint of the Guided Range Q1 Net Cash from Operations of $17 million; above the high end of the Guided Range ITASCA, Ill., May 1, 2024 - Knowles Corporation (NYSE: KN) ("Knowles" the "Company"), a leading global supplier of high performance components and solutions, including capacit ...

Sundry Photography/iStock Editorial via Getty Images Introduction Knowles Corporation (NYSE:KN) has had a bit of an underwhelming history and indeed, the stock's been essentially flat (with minimal variability) for the past 9 years. Thanks to poor capital allocation decisions (M&A) resulting in negative value for shareholders and competitive pressures in their MEMS business, a lot of investors have been understandably disinterested in the business. But like most investors are reminded, historical returns ar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. 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 jurisdiction of incorporation or o ...

Financial Data and Key Metrics Changes - The company reported Q3 revenues of $175 million, down 2% year-over-year, driven by lower shipments in Precision Devices [28][47] - Adjusted EBIT margin was 21%, which is 520 basis points above prior year levels and above the high end of guidance [5][68] - EPS for the quarter was $0.31, $0.06 above prior year levels and $0.01 above the high end of guidance [5][28] - Cash and cash equivalents totaled $75 million at the end of Q3, with cash from operations of $40 million, exceeding guidance [35][28] - The company expects to exit 2023 with approximately $80 million in cash and a net leverage ratio of about 1.4 [6] Business Line Data and Key Metrics Changes - In the Medtech and Specialty Audio segment, revenue was $57 million, up 20% year-over-year as demand returned to normalized levels [4][67] - Consumer MEMS Microphone revenues were $68 million, up 2% year-over-year, driven by higher shipments into nonmobile applications [4][45] - Precision Devices segment revenue was $50 million, down 22% from the prior year due to weak demand and excess channel inventory [47][31] - The company expects Q4 to be the peak quarter for CMM, driven by strong shipments to mobile [32][45] Market Data and Key Metrics Changes - The company noted robust secular trends in defense, medtech, and EV markets, which are expected to support growth [2][30] - The Precision Devices segment saw a book-to-bill ratio of 1.2 for Q3, indicating improved ordering trends [47][31] - The company anticipates that the consumer electronics markets have stabilized, with expectations for year-over-year revenue growth in 2024 [32][45] Company Strategy and Development Direction - The company is focused on balancing organic investment in R&D and CapEx with accretive M&A, as evidenced by the acquisition of Cornell Dubilier [1][42] - The strategic actions taken are aimed at transforming the company into an industrial technology firm, with a focus on high-growth markets [42][46] - Future guidance will include revenue, EPS, and cash from operations metrics that reflect the Cornell Dubilier acquisition [3][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a return to growth in Precision Devices, supported by positive ordering trends and a book-to-bill ratio above one for the first time in six quarters [31][2] - The company expects significant growth in Q1 2024, aided by easy comparisons from a weak Q1 2023 [15][57] - Management highlighted that while 2023 has been challenging, the second half of the year has shown improved performance [68][67] Other Important Information - SG&A expenses were $25 million, $1 million lower than the prior year, driven by lower sales commissions and incentive compensation costs [5] - The company repurchased approximately 900,000 shares at a total cost of $15 million during the quarter [35] - The company plans to hold a virtual Investor Day to provide updates on midterm financial targets and long-term strategy [71] Q&A Session Summary Question: What is the expected revenue contribution from Cornell Dubilier? - The company anticipates roughly $20 million in revenue from Cornell Dubilier for the quarter, as it was only owned for about two months [38] Question: How does the company view the inventory situation in Precision Devices? - Management indicated that inventory is being worked down, and they feel positive about growth for 2024 in the PD business [55] Question: What are the expectations for the CMM business in Q4? - Management expects Q4 to be strong for the CMM business, with significant year-over-year growth anticipated due to a weak Q1 of 2023 [15][32] Question: How is the integration process of Cornell Dubilier progressing? - The company is making progress on the integration process and expects to see revenue synergies starting in the back half of 2024 [72][74] Question: What is the outlook for pricing and order trends in the MSA business? - Management noted that pricing has been stable in the MSA business, and they are optimistic about growth in 2024 due to strong market demand [75]

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 September 30, 2023. 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 jurisdi ...