Knowles Q3 revenue $178.2M, down 23% YoY; EPS $0.03; Q4 revenue guide $200-220M

Knowles Corp

2022-Q3 EPS reported -$2.42 revenue$567,600,000

GAAP revenue $178.2M, down 23.5% YoY; GAAP EPS $0.03 vs $0.29 YoY.
Non-GAAP gross margin 38.5% vs guided 37-39%; non-GAAP EPS $0.25 vs $0.33 prior quarter.
Precision Devices record revenue, strong bookings; Audio MEMS restructuring on schedule for $25-30M annual savings.
Q4 revenue guidance $200-220M; non-GAAP EPS $0.31-0.35.
$19M in share repurchases in Q3.

item 2.02 item 9.01 item 5.03

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Knowles Corp: Adopted Fourth Amended and Restated By-Laws to update provisions on universal proxy rules, stockholder meetings, director elections, and other governance matters (effective 2022-10-25).

Change: bylaw amendment
Effective: 2022-10-25

Exact text from the filing

On October 25, 2022, in connection with the new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “DGCL”) and a periodic review of the Company's by-laws, the Company’s board of directors (the “Board”) unanimously adopted the Fourth Amended and Restated By-Laws of the Company (the by-laws, as so amended and restated, the “Amended and Restated By-Laws”), effective immediately.

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Knowles Corp filing history →

Source: SEC EDGAR

accession 0001587523-22-000080

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