secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001587523-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles Q2 revenue $204.7M (+18% YoY); non-GAAP EPS $0.24, in line; Q3 guidance $210-220M
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- Q2 revenue $204.7M (+18% YoY); GAAP diluted EPS -$2.90 includes $2.77 goodwill impairment for Consumer MEMS Microphones unit.
- Non-GAAP diluted EPS $0.24 (Q2 2023: $0.23); net cash from operations $24.9M, within guided range.
- Company repurchased shares and reduced debt in Q2; cash generation remained strong.
- Q3 2024 guidance: revenue $210-220M, non-GAAP EPS $0.29-$0.33, net cash from ops $35-45M.
- CEO cites portfolio shift to higher-value markets; expects sequential revenue growth in Medtech/Specialty Audio and Precision Devices in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752324000070/0001587523-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752324000070/kn-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001587523-24-000070

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