secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001587523-23-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles Q2 revenue $173M, Non-GAAP EPS $0.23; Q3 outlook lowered on soft demand
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- Q2 revenue $173.0M, down from $188.0M YoY; GAAP diluted EPS $0.15, Non-GAAP $0.23.
- Q2 gross margin 42.6% GAAP (42.0% Non-GAAP) exceeded guided range high-end.
- MSA segment beat expectations as customer inventories declined; PD missed due to channel inventory and defense timing.
- Q3 guidance: revenue $170–180M, Non-GAAP EPS $0.26–$0.30, below prior expectations.
- CEO cites extended softness in PD and smartphone challenges; expects MSA YoY growth in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000070/0001587523-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000070/kn-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001587523-23-000070

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