secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001587523-22-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01, 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Knowles Q2 revenue $188M, EPS $(2.64) GAAP / $0.33 non-GAAP; announces restructuring to cut MEMS exposure
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- Q2 revenue $188.0M, down 6% YoY; GAAP net loss $2.64/sh includes $239.8M goodwill impairment.
- Non-GAAP EPS $0.33 beats Q2 2021 $0.31; Precision Devices & Hearing Health both up 19% YoY.
- Restructuring program: $35-45M charges (cash $23-28M), $25-30M annual savings, complete Q4 2022.
- Q3 guidance: revenue $170-185M, non-GAAP gross margin 37-39%, non-GAAP EPS $0.17-0.21.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752322000069/0001587523-22-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752322000069/kn-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001587523-22-000069

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