secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001587523-22-000055
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles updates FY2021 results, targets $2.50+ Non-GAAP EPS; refines capital strategy
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- Non-GAAP diluted EPS for FY2021 was $1.53, up from $0.88 in FY2017.
- Non-GAAP gross profit margin improved to 41.7% in FY2021 from 40.3% in FY2017.
- Free cash flow increased to $133.5M in FY2021 from $41.3M in FY2017.
- Company targets $2.50+ Non-GAAP diluted EPS with focus on Ear, IoT, MedTech, EV, Defense.
- Debt reduction enables increased share repurchases; capital deployment strategy refined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752322000055/0001587523-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752322000055/kn-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001587523-22-000055

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