Knowles (KN) 2025 Earnings Call Presentation

Knowles' Strategic Transformation and Financial Performance - Knowles is transitioning into an industrial technology company with over 95% of revenue from MedTech, Defense & Industrial markets[10] - From 2017 to 2024, Knowles achieved an 8% revenue CAGR and an 11% adjusted EBITDA CAGR from continuing operations[12, 219, 221] - Knowles' adjusted EBITDA margin expanded by 400 bps from 19% in 2017 to 23% in 2024[12, 223] Segment Performance and Market Focus - In 2024, Precision Devices contributed $300 million in revenue with 20% adjusted EBITDA margins[48] - MedTech & Specialty Audio generated $254 million in revenue in 2024 with 44% adjusted EBITDA margins[167] - MedTech accounted for 48% of Knowles' total revenue in 2024[22, 33] - Defense & Aerospace represented 21% of Knowles' total revenue in 2024[22, 40] - Industrial made up 27% of Knowles' total revenue in 2024[22, 42] - Electrification/Energy contributed 4% of Knowles' total revenue in 2024[22, 44] Future Outlook and Growth Strategy - Knowles projects a revenue CAGR of 8-10% and an adjusted EBITDA CAGR of 10-14% over the next 5 years[12, 226, 231, 232] - The company anticipates organic revenue growth of 4-6% and aims for 4% growth through acquisitions[226, 229] - Knowles targets cash from operations to be 16-20% of revenue[226]