Knowles Corporation is a market leader and global provider of advanced micro-acoustic, audio processing, and precision device solutions, serving the mobile consumer electronics, communications, medtech, defense, automotive, and industrial markets. Knowles uses its leading position in MEMS (micro-electro-mechanical systems) microphones and strong capabilities in audio processing technologies to optimize audio systems and improve the user experience in mobile, ear, and IoT applications. Knowles is also the leader in acoustic components, high-end capacitors, and mmWave RF solutions for a diverse set of markets. Knowles' focus on the customer, combined with unique technology, proprietary manufacturing techniques, rigorous testing, and global scale, enables it to deliver innovative solutions that optimize the user experience. Founded in 1946 and headquartered in Itasca, Illinois, Knowles is a global organization with employees in 12 countries. The company continues to invest in high value solutions to diversify its revenue and increase exposure to high growth markets.
Company profile
Ticker
KN
Exchange
Website
CEO
Jeffrey Niew
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Integrated Microwave Corporation • Knowles Capital Holdings, Inc. • Knowles Cazenovia Inc. • Knowles Electronics Holdings, Inc. • Knowles Electronics, LLC • Knowles Intermediate Holding, Inc. • Novacap, LLC • Sensor Platforms, Inc. • Audience Communications Systems India Private Limited • Audience International, Inc. ...
KN stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
28 Nov 22
8-K
Regulation FD Disclosure
16 Nov 22
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Knowles Reports Q3 2022 Financial Results and Provides Outlook for Q4
27 Oct 22
8-K
Regulation FD Disclosure
9 Aug 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Knowles Reports Q2 2022 Financial Results and Announces Restructuring Program
2 Aug 22
8-K
Departure of Directors or Certain Officers
27 Jul 22
SD
Conflict minerals disclosure
26 May 22
8-K
Electronics Experience 10 Years 24 Years 25 Years 18 Years 19 Years 28 Years 16 Years 29 Years 25 Years 26 Years In-House Counsel Experience
2 May 22
Transcripts
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Earnings call transcript
2022 Q3
27 Oct 22
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Earnings call transcript
2022 Q2
3 Aug 22
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Earnings call transcript
2022 Q1
30 Apr 22
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Earnings call transcript
2021 Q4
10 Feb 22
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Earnings call transcript
2021 Q3
28 Oct 21
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Earnings call transcript
2021 Q2
29 Jul 21
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Earnings call transcript
2021 Q1
23 Apr 21
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Earnings call transcript
2020 Q3
5 Feb 21
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Earnings call transcript
2020 Q3
1 Nov 20
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Earnings call transcript
2020 Q2
29 Jul 20
Latest ownership filings
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 41.50 mm | 41.50 mm | 41.50 mm | 41.50 mm | 41.50 mm | 41.50 mm |
| Cash burn (monthly) | 2.07 mm | 8.21 mm | 4.87 mm | 14.15 mm | (no burn) | (no burn) |
| Cash used (since last report) | 8.18 mm | 32.51 mm | 19.27 mm | 56.04 mm | n/a | n/a |
| Cash remaining | 33.32 mm | 8.99 mm | 22.23 mm | -14.54 mm | n/a | n/a |
| Runway (months of cash) | 16.1 | 1.1 | 4.6 | -1.0 | n/a | n/a |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 231 |
| Opened positions | 39 |
| Closed positions | 42 |
| Increased positions | 75 |
| Reduced positions | 82 |
| 13F shares | Current |
|---|---|
| Total value | 1.14 bn |
| Total shares | 100.05 mm |
| Total puts | 182.80 k |
| Total calls | 38.30 k |
| Total put/call ratio | 4.8 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 16.52 mm | $201.09 mm |
| Vanguard | 10.73 mm | $130.61 mm |
| BEN Franklin Resources | 10.17 mm | $123.81 mm |
| Franklin Mutual Advisers | 9.22 mm | $0.00 |
| Dimensional Fund Advisors | 6.84 mm | $83.20 mm |
| Caligan Partners | 4.32 mm | $89.00 mm |
| Ariel Investments | 4.27 mm | $51.96 mm |
| Thrivent Financial For Lutherans | 2.82 mm | $34.34 mm |
| Aristotle Capital Boston | 2.23 mm | $27.17 mm |
| William Blair Investment Management | 2.20 mm | $26.82 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Jan 23 | Daniel J. Giesecke | Common Stock | Payment of exercise | Dispose F | No | No | 17.37 | 38,593 | 670.36 k | 97,887 |
| 6 Jan 23 | Daniel J. Giesecke | Common Stock | Option exercise | Acquire M | No | No | 11.02 | 47,872 | 527.55 k | 136,480 |
| 6 Jan 23 | Daniel J. Giesecke | NQSO Common Stock | Option exercise | Dispose M | No | No | 11.02 | 47,872 | 527.55 k | 0 |
| 6 Jan 23 | Daniel J. Giesecke | Common Stock | Payment of exercise | Dispose F | No | No | 17.73 | 38,240 | 678.00 k | 98,240 |
| 5 Jan 23 | Jeffrey Niew | Common Stock | Payment of exercise | Dispose F | No | No | 16.92 | 187,352 | 3.17 mm | 602,437 |
| 5 Jan 23 | Jeffrey Niew | Common Stock | Option exercise | Acquire M | No | No | 11.02 | 231,915 | 2.56 mm | 789,789 |
| 5 Jan 23 | Jeffrey Niew | NQSO Common Stock | Option exercise | Dispose M | No | No | 11.02 | 231,915 | 2.56 mm | 0 |
| 5 Jan 23 | Jeffrey Niew | Common Stock | Payment of exercise | Dispose F | No | No | 17.29 | 185,542 | 3.21 mm | 604,247 |
| 14 Dec 22 | John S. Anderson | Common Stock | Payment of exercise | Dispose F | No | No | 16.7 | 36,217 | 604.82 k | 144,346 |
| 14 Dec 22 | John S. Anderson | Common Stock | Option exercise | Acquire M | No | No | 11.02 | 44,681 | 492.38 k | 180,563 |
News
Knowles Says Will Rename And Realign Its Reporting Structure Into 3 Segments Precision Devices, Medtech & Specialty Audio, Consumer Mems Microphones; New Segment Reporting Structure Will Provide Enhanced Transparency Into The Company's Performance
16 Nov 22
Knowles Earnings Perspective: Return On Invested Capital
2 Nov 22
Press releases
Knowles to Release Fourth Quarter and Full Year 2022 Financial Results on February 9, 2023
24 Jan 23
Knowles Debuts Trio of SiSonic MEMS Microphones for High-Performance Ear & Wearable Solutions
4 Jan 23
Knowles Releases Balanced Armatures, MEMS for Over-The-Counter Hearing Aids
21 Dec 22
Knowles, Trillbit Team Up to Simplify Setup of Voice-Integrated Smart Devices for OEMs and Consumers
20 Dec 22
Matterport Announces Executive Leadership Team Hires
13 Dec 22