secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001587523-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/0001587523-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000019/kn-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001587523-23-000019

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