secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001587523-23-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles Q1 revenue $144.3M, GAAP loss $0.06, non-GAAP EPS $0.05; Q2 outlook $165-180M
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- Q1 revenue fell 28% YoY to $144.3M; GAAP diluted EPS loss $(0.06); Non-GAAP diluted EPS $0.05.
- Gross margin 37.3% GAAP / 37.7% non-GAAP, exceeding high-end of guided range; cash from ops $21.9M.
- Q2 2023 outlook: revenue $165-180M, non-GAAP gross margin 39-41%, non-GAAP EPS $0.20-$0.24.
- CEO expects strong sequential growth; channel inventories improving; return to YoY growth in H2 2023.
- Restructuring charges $1.1M in Q1; cost-savings partially offset low factory capacity utilization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000039/0001587523-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000039/kn-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001587523-23-000039

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