---
schema_version: "secwatch.filing_event.v1"
accession: "0001587523-23-000019"
form_type: "8-K"
ticker: "KN"
cik: "0001587523"
company_name: "Knowles Corp"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:19:52.163574+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Knowles posts $2.28 GAAP loss on $231M goodwill impairment; Q4 rev down 16% YoY; Q1 outlook weak

## Summary
- Q4 revenue $197.1M vs $234.3M YoY; GAAP diluted EPS $(2.28) includes $231.1M goodwill impairment in Consumer MEMS segment.
- Non-GAAP diluted EPS $0.33; non-GAAP gross margin 40.4% above guided high end (39.5%).
- Q1 2023 guidance: revenue $140-155M, non-GAAP EPS $0.01-0.07; cited weak consumer demand and inventory adjustments.
- Precision Devices and MedTech & Specialty Audio delivered record full-year Adj. EBIT (+29% and +10% YoY).
- $400M senior secured revolving credit facility amended and extended to Feb 2028, replacing prior Jan 2024 maturity.

## SEC filing metadata
- accession: 0001587523-23-000019
- form_type: 8-K
- ticker: KN
- cik: 0001587523
- company_name: Knowles Corp
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/0001587523-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/kn-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587523-23-000019
- JSON: https://secwatch.observer/filing/0001587523-23-000019.json
- Plain text: https://secwatch.observer/filing/0001587523-23-000019.txt

## Key facts
- Debt Financings
  Knowles Corp amended credit facility of US$400,000,000 with JPMorgan Chase Bank, N.A. and a syndicate of other financial institutions at Term SOFR, Daily Simple Sonia, or EURIBOR plus Applicable Margin, or ABR plus Ap maturing February 8, 2028.
  - Instrument: credit facility
  - Principal: US$400,000,000
  - Counterparty: JPMorgan Chase Bank, N.A. and a syndicate of other financial institutions
  - Rate: Term SOFR, Daily Simple Sonia, or EURIBOR plus Applicable Margin, or ABR plus Ap
  - Maturity: February 8, 2028
  - Event: amendment
  source text: the lenders party thereto, and provides for a senior secured revolving credit facility with borrowings in an aggregate principal amount at any time outstanding not to exceed US$400,000,000 (the “Credit Facility”). The New Credit Agreement, among other things, extends the maturity date of the Credit Facility from January 2024 to February 2028, replaces the London
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/0001587523-23-000019-index.htm
- Earnings Releases
  Knowles Corp reported financial results for for the fourth quarter and year ended December 31, 2022.
  - Period: for the fourth quarter and year ended December 31, 2022
  - Result: reported results
  source text: On February 9, 2023, Knowles Corporation issued a press release announcing its results of operations for the year and quarter ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/0001587523-23-000019-index.htm
- Material Agreements
  Knowles Corp amended New Credit Agreement with JPMorgan Chase Bank, N.A. valued at US$400,000,000 (effective 2023-02-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: US$400,000,000
  - Effective: 2023-02-08
  source text: On February 8, 2023, Knowles Corporation (the “Company”) entered into an Amended and Restated Credit Agreement (the “New Credit Agreement”) among the Company and one or more of its subsidiaries designated from time to time by the Company (together with the Company, the “Borrowers”), JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent (the “Administrative Agent”), and a syndicate of other financial institutions (the “Lenders”) named in the New Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/0001587523-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.