Knowles Corp
Business
Knowles Corporation is a leading manufacturer of specialty electronic components including high-performance capacitors, RF filters, advanced microphones, and balanced armature speakers. The company serves medtech, defense, industrial, and electrification/energy markets through two segments: Precision Devices (custom capacitors and RF solutions) and Medtech & Specialty Audio (hearing health and specialty audio components). Knowles sells directly to OEMs and through distributors with manufacturing and support facilities across North America, Europe, and Asia.
Summary from 10-K filed 2026-02-09
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 593 | 554 | 457 | 479 | 868 | |
| Cost of goods sold | 333 | 317 | 252 | 252 | 509 | |
| Other Asset Impairment Charges | 4 | 0 | 0 | — | — | |
| Restructuring charges - cost of goods sold | 800,000 | 2 | 1 | 0 | 0 | |
| Gross Profit, Total | 256 | 235 | 204 | 227 | 360 | |
| Research and development expenses | 40 | 40 | 32 | 29 | 93 | |
| Selling and administrative expenses | 143 | 142 | 126 | 106 | 146 | |
| Restructuring charges | 3 | 2 | 2 | 600,000 | 500,000 | |
| Operating expenses | 186 | 183 | 160 | 136 | 244 | |
| Operating earnings | 70 | 52 | 43 | 91 | 116 | |
| Interest expense, net | 9 | 16 | 5 | 4 | 14 | |
| Investment Income, Dividend | −6 | 0 | 0 | — | — | |
| Other Nonoperating Income (Expense) | 3 | 800,000 | 700,000 | −400,000 | −3 | |
| (Loss) earnings before income taxes | 64 | 35 | 37 | 88 | 105 | |
| Provision for (benefit from) income taxes | 13 | 11 | −28 | 21 | −46 | |
| Earnings from continuing operations | 51 | 23 | 66 | 66 | 150 | |
| Earnings (loss) from discontinued operations, net | −7 | −261 | 7 | −497 | 200,000 | |
| Net earnings (loss) | 44 | −238 | 72 | −430 | 150 | |
| Income (Loss) from Continuing Operations, Per Basic Share | 0.59 | 0.26 | 0.72 | 0.72 | 1.63 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | 0.58 | 0.26 | 0.72 | 0.72 | 1.59 | |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share | −0.08 | −2.93 | 0.08 | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share | −0.08 | −2.9 | 0.07 | −5.35 | 0 | |
| Earnings Per Share, Basic | 0.51 | −2.67 | 0.8 | −4.69 | 1.63 | |
| Earnings Per Share, Diluted | 0.5 | −2.64 | 0.79 | −4.63 | 1.59 | |
| Basic (in shares) | 86 | 89 | 91 | 92 | 92 | |
| Diluted (in shares) | 88 | 90 | 92 | 93 | 95 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 54 | 130 | 87 | 48 | 69 | |
| Accounts Receivable, after Allowance for Credit Loss, Current | 103 | 105 | 91 | 135 | 147 | |
| Inventories | 125 | 118 | 127 | 170 | 153 | |
| Prepaid and other current assets | 10 | 8 | 7 | 10 | 12 | |
| Total current assets | 291 | 361 | 429 | 362 | 380 | |
| Property, plant, and equipment, net | 140 | 130 | 143 | 162 | 201 | |
| Goodwill | 270 | 270 | 271 | 201 | 941 | |
| Intangible assets, net | 141 | 157 | 176 | 85 | 97 | |
| Operating Lease, Right-of-Use Asset | 19 | 9 | 13 | 13 | 17 | |
| Investment, Affiliated Issuer, Noncontrolled | 83 | 77 | 0 | — | — | |
| Other assets and deferred charges | 106 | 114 | 114 | 91 | 95 | |
| Total assets | 1,051 | 1,118 | 1,463 | 1,184 | 1,732 | |
| Long-term Debt, Current Maturities | 0 | 69 | 47 | 0 | 0 | |
| Accounts payable | 43 | 59 | 36 | 41 | 91 | |
| Accrued compensation and employee benefits | 30 | 29 | 25 | 27 | 43 | |
| Operating Lease, Liability, Current | 4 | 4 | 5 | 8 | 11 | |
| Other accrued expenses | 28 | 34 | 22 | 20 | 19 | |
| Federal and other taxes on income | 1 | 4 | 3 | 3 | 2 | |
| Total current liabilities | 106 | 198 | 165 | 99 | 166 | |
| Long-term debt | 114 | 134 | 224 | 45 | 70 | |
| Deferred Income Tax Liabilities, Net | 1 | 1 | 700,000 | 900,000 | 600,000 | |
| Operating Lease, Liability, Noncurrent | 16 | 6 | 8 | 7 | 15 | |
| Other Liabilities, Noncurrent | 38 | 24 | 29 | 39 | 21 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Preferred Stock, Value, Issued | 0 | 0 | 0 | 0 | 0 | |
| Common Stock, Value, Issued | 1 | 1 | 1 | 1 | 1 | |
| Treasury Stock, Common, Value | −271 | −205 | −151 | −103 | — | |
| Additional paid-in capital | 1,740 | 1,712 | 1,690 | 1,666 | 1,639 | |
| Accumulated deficit | −569 | −614 | −376 | −448 | −18 | |
| Accumulated other comprehensive loss | −125 | −138 | −130 | −122 | −100 | |
| Total stockholders' equity | 776 | 756 | 1,034 | 993 | 1,460 | |
| Total liabilities and stockholders' equity | 1,051 | 1,118 | 1,463 | 1,184 | 1,732 | |
| Preferred stock, par value (in dollars per share) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Preferred stock, shares authorized (in shares) | 10 | 10 | 10 | 10 | 10 | |
| Preferred stock, shares issued (in shares) | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value (in dollars per share) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Common stock, shares authorized (in shares) | 400 | 400 | 400 | 400 | 400 | |
| Common stock, shares issued (in shares) | 100 | 99 | 97 | 96 | 95 | |
| Common Stock, Shares, Outstanding | 85 | 87 | 89 | 91 | 92 | |
| Treasury Stock, Common, Shares | 15 | 11 | 8 | 5 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investment Income, Dividend | −6 | 0 | 0 | — | — | |
| Goodwill, Impairment Loss | 0 | 263 | 0 | 471 | — | |
| Depreciation and amortization | 36 | 50 | 47 | 54 | 63 | |
| Stock-based compensation | 28 | 23 | 29 | 29 | 32 | |
| Deferred income taxes | 9 | 10 | −40 | 2 | −61 | |
| Non-cash interest expense and amortization of debt issuance costs | 5 | 8 | 2 | 700,000 | 8 | |
| Restructuring Costs | 0 | 700,000 | −2 | 14 | 0 | |
| Gain (Loss) on Disposition of Intangible Assets | 0 | 7 | 0 | 0 | — | |
| Gain (Loss) on Disposition of Business | −3 | 7 | 0 | 0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | 100,000 | −1 | −10 | 500,000 | 0 | |
| Other, net | 9 | 2 | −900,000 | −6 | 0 | |
| Receivables, net | 1 | 4 | 13 | 11 | −12 | |
| Inventories | −5 | 2 | 12 | −23 | −21 | |
| Prepaid and other current assets | −700,000 | 1 | −400,000 | 2 | −3 | |
| Accounts payable | −18 | 25 | 6 | −41 | 17 | |
| Accrued compensation and employee benefits | −200,000 | 4 | 4 | −15 | 12 | |
| Other accrued expenses | −6 | −3 | −2 | −300,000 | 2 | |
| Accrued taxes | −2 | 2 | −400,000 | 1 | −1 | |
| Other non-current assets and non-current liabilities | 14 | −7 | −6 | 18 | −8 | |
| Net cash provided by operating activities | 114 | 130 | 123 | 86 | 182 | |
| Proceeds from CMM Sale Seller Loan Repayment | 500,000 | 0 | 0 | — | — | |
| Proceeds from Sales of Business, Affiliate and Productive Assets | 0 | 58 | 0 | 0 | — | |
| Payment to Finance CMM Sale Seller Loan | 0 | −6 | 0 | 0 | — | |
| Proceeds from Sale of Intangible Assets | 0 | 7 | 0 | 0 | — | |
| Acquisitions of business (net of cash acquired) | 0 | 0 | −137 | −700,000 | −79 | |
| Payments to Acquire Assets, Investing Activities | 0 | 0 | −300,000 | 0 | 0 | |
| Additions to property, plant, and equipment | −32 | −14 | −17 | −32 | −49 | |
| Proceeds from the sale of property, plant, and equipment | 0 | 0 | 13 | 100,000 | 600,000 | |
| Payments for (Proceeds from) Investments | −2 | −500,000 | −400,000 | −400,000 | −4 | |
| Proceeds from Sale of Short-term Investments | 2 | 500,000 | 400,000 | 400,000 | 400,000 | |
| Net cash (used in) provided by investing activities | −32 | 45 | −142 | −33 | −130 | |
| Payments under revolving credit facility | −55 | −166 | −35 | −48 | 0 | |
| Payments Under CD Seller Note | −73 | −50 | 0 | 0 | — | |
| Borrowings under revolving credit facility | 35 | 140 | 150 | 23 | 70 | |
| Payments for Repurchase of Common Stock | −65 | −54 | −48 | −44 | −45 | |
| Payments of debt issuance costs | 0 | 0 | −2 | 0 | 0 | |
| Proceeds from Stock Options Exercised | −7 | −6 | −2 | −8 | 26 | |
| Tax on restricted and performance stock unit vesting and stock option exercises | 7 | 7 | 6 | 7 | −8 | |
| Payments of finance lease obligations | −500,000 | −2 | −3 | −5 | −2 | |
| Net cash (used in) provided by financing activities | −159 | −132 | 58 | −73 | −131 | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 600,000 | −500,000 | −200,000 | −1 | 0 | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | −76 | 43 | 39 | −21 | −79 | |
| Income taxes | 8 | 15 | 11 | 6 | 16 | |
| Interest | 8 | 12 | 5 | 4 | 7 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Knowles Corp's CIK number?
Knowles Corp's SEC CIK number is 0001587523 (1587523). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Knowles Corp's SEC filings?
All of Knowles Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Knowles Corp last report earnings?
Knowles Corp (KN) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001587523-26-000016). This is Knowles Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Knowles Corp's most recent earnings 8-K?
Knowles Corp's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001587523-26-000016. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Knowles Corp's latest earnings 8-K →
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