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Knowles Corporation  (KN)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $15.0900 $-0.14 -0.919%
Day's High: $15.33 Week Perf: -5.69 %
Day's Low: $ 15.25 30 Day Perf: -7.37 %
Volume (M): 15 52 Wk High: $ 18.48
Volume (M$): $ 225 52 Wk Avg: $16.31
Open: $15.20 52 Wk Low: $12.78



 Market Capitalization (Millions $) 1,383
 Shares Outstanding (Millions) 92
 Employees 12,000
 Revenues (TTM) (Millions $) 708
 Net Income (TTM) (Millions $) 72
 Cash Flow (TTM) (Millions $) 162
 Capital Exp. (TTM) (Millions $) 17

Knowles Corporation

We are a market leader and global supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. We use our leading position in micro-electro-mechanical systems ("MEMS") microphones and strong capabilities in audio processing technologies to optimize audio systems and improve the user experience in smartphones, tablets and wearables. We are also the leader in acoustics components used in hearing aids and have a strong position in high-end oscillators (timing devices) and capacitors. Our focus on our customers, combined with our unique technology, proprietary manufacturing techniques, rigorous testing and global scale, enables us to deliver innovative solutions that optimize the user experience.

We are committed to growing market leadership in our current business segments and expanding into attractive adjacent markets. This will be accomplished by leveraging our core high performance, miniature, low power acoustic expertise, increasing the audio content in mobile communications products with disruptive solutions and software and focusing our investments on the segments that we believe will provide significant opportunities. We will concentrate our research and development resources on opportunities that exhibit the greatest potential for optimal long-term returns and by expanding our technology platforms. We remain focused on delivering high quality products and maintaining operational excellence across our business segments. We will measure our success through revenue growth, margin expansion, market share gains, stockholder return and stakeholder satisfaction.

The markets served by MCE continue to be driven by trends in mobile handset and consumer device innovation and demand. Today, mobile device OEMs face challenges to differentiate their products in the global marketplace while managing growing cost pressures and time-to-market expectations. In addition, consumers expect better quality voice calls, audio and video conferencing, sound capture and playback, media content consumption and gaming, as well as extended battery life. To enable smart mobile devices to handle more demanding audio use cases, OEMs are increasingly adopting more intelligent active audio components (audio chipset) and higher performance passive acoustic components. Trends impacting the smartphone market today include:


Smartphone growth from feature phone substitution. The smartphone segment within the mobile handset device market has exhibited unit growth over the past several years. There continues to be a positive mix shift from the proliferation of lower-end smartphone devices and the further cannibalization of feature phones (i.e., non-smartphones). The average smartphone continues to drive higher audio content including more microphones and higher value speakers than its feature phone counterpart, compounding the growth of acoustic content as mobile phone sales rise.

High-end consumer elasticity. Consumers are reluctant to downgrade from a high-end smartphone to a low-end smartphone in most circumstances. This is especially true as high-end smartphones will likely continue to offer significant performance advantages and new functionality compared to low-end smartphones.

Proliferation of premium acoustics and multiple microphone adoption. Consumers are seeking improved acoustics solutions, regardless of the country they live in or the type of device they are using. As a result, acoustic dollar content is generally expanding per device for two primary reasons. First, many of the solutions we are introducing are higher performance and command higher value. Second, a majority of OEMs are increasing the number of acoustic components per device. Over the past several years, we have seen an increase in the number of microphones used in high end smartphones. The benefits to the user are substantial, including reduced background noise, improved voice recognition, better hands-free communication and enhanced audio recording and playback capabilities. OEMs and their customers recognize the importance of these features in their next-generation products. We believe an additional opportunity exists for these trends to expand to mid-range phones and tablets, as well as emerging wearable devices. Knowles can capitalize on these market demands by leveraging our acoustics and audio processing expertise, as well as our proprietary process technologies, to deliver solutions that improve the performance of our OEM customers’ devices.

Smartphone OEM market share shifts are likely to remain volatile for some time. Over the past several years, Nokia, Blackberry and Samsung have lost significant market share to other United States and Asian-based OEMs who have released smartphones that have been more readily accepted due to, among other factors, perceived feature sets and price points. We expect the OEM market to continue to be dynamic over time, characterized by rapid market share shifts driven by new product introductions, price points and feature sets.

Shortened smartphone upgrade plans at U.S. carriers. Several U.S. carriers offer smartphone plans which provide consumers the option of paying for their phone in monthly installments with no upfront lump sum payment and the ability to upgrade again in 12 months. Plans such as these could drive greater-than-expected unit growth (turnover) at the high end, as they are most likely to appeal to high-income consumers seeking to upgrade their phone more frequently.

Our Specialty Components products are sold across diverse end markets. Portions of this segment face much greater exposure to capital investment cycles and government spending, both direct and indirect, as some of these end markets are largely dependent on project upgrades, expansion and government contracts. The end markets served by Specialty Components consist primarily of the following:


Medical and life sciences (i.e., transducers, hearing aids, capacitors). Sales are largely driven by aging demographics, healthcare spending, the rise of a middle class in emerging markets and government subsidies.

Aerospace and defense communications (i.e., capacitors, filters, oscillators). Aerospace and defense spending and automation (largest end market), telecom regional coverage and bandwidth expansion and growing industrial power supply requirements are a few of the end market trends driving the product sales in this sector.

Telecom infrastructure (i.e., capacitors, filters, oscillators). Sales are typically levered to the expansion of large telecom companies, looking to increase wireless signal in new or existing territories, although these products are also sold to aerospace and defense companies (i.e., airplane radio frequencies).



   Company Address: 1151 Maplewood Drive, Itasca 60143 IL
   Company Phone Number: 250-5100   Stock Exchange / Ticker: NYSE KN
   


Customers Net Income grew by KN's Customers Net Profit Margin grew to

10.58 %

10.03 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GNSS   -5.67%    
KOSS   -1.58%    
CRUS   -4.4%    
• View Complete Report
   



Knowles Corporation

Headline: Knowles Corporation Sees Strong Earnings Boosted by $37.20 Million Income Tax Refund



Knowles Corporation, a global leader in high-performance components and solutions, recently announced its financial results for the fourth quarter and fiscal year 2023. The company demonstrated a remarkable performance, with a positive bottom-line, improved income per share, and a modest increase in revenue. These results, along with the company's focus on innovation and expertise, position Knowles Corporation for a bright future.
Positive Earnings and Income Improvement:
In the fourth quarter of the 2023 earnings season, Knowles Corporation saw its bottom-line turn positive at $0.52 per share, marking a significant improvement from a loss of $-2.28 per share in the previous year. Moreover, income per share increased by an impressive 188.74% from $0.18 per share in the previous reporting period. These positive numbers indicate a turnaround for the company and highlight favorable market conditions.

Product Service News

Knowles Corporation Unveils Game-Changing Innovations at CES 2024, Solidifying its Competitive Edge

Published Wed, Jan 3 2024 2:00 PM UTC

Knowles Corporation, a leading global provider of high-performance components and solutions, is all set to showcase its latest state-of-the-art audio and voice technologies at CES 2024. The event will take place in ITASCA, Ill., and attendees are invited to visit the Knowles demo room in the Venetian Resort Toscana Suite 3805 to experience the company's groundbreaking innova...

Product Service News

Uncompromising Sound Unleashed: JLab and Knowles Join Forces to Shape the Ultimate True Wireless Earbuds

Published Tue, Nov 7 2023 5:00 PM UTC

Knowles Corporation Teams Up With JLab to Bring Premium Sound to the Epic Lab Edition True Wireless Earbuds
ITASCA, Ill. ? Knowles Corporation (NYSE: KN), a renowned global supplier of high-performance components and solutions, has joined forces with consumer audio brand JLab to deliver an extraordinary audio experience through the Epic Lab Edition true wireless earbuds....

Knowles Corporation

Knowles Corporation's Stock Soars by 23.57%: Achieving Promising Growth for Investors

Knowles Corporation, a leading global supplier of high-performance components and solutions, has experienced a significant increase in its stock value over the past week. With a rise of 23.57%, the company's stock has shown promising growth.
Furthermore, when compared to the previous year, Knowles Corporation experienced a 13.2% increase in its stock value. This positive trend indicates that the company is performing well and attracting investors.

Stock Transactions

NeoBuds Pro 2 by Edifier and Knowles: Revolutionizing TWS Audio Performance and Navigating Market Dynamics

Published Fri, Oct 20 2023 1:00 PM UTC



Edifier, a renowned consumer audio brand, has partnered with Knowles Corporation to introduce the groundbreaking NeoBuds Pro 2 True Wireless Stereo (TWS) earbuds. Knowles Corporation, a leader in advanced micro-acoustic microphones and speakers, has provided its expertise in audio solutions along with high-performance capacitors and RF products to elevate the TWS a...






 

Knowles's Segments
 
 
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  Revenue Outlook
Knowles does not provide revenue guidance.

Earnings Outlook
Knowles Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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