Last $22.98 USD
Change Today -0.08 / -0.35%
Volume 762.5K
KN On Other Exchanges
Symbol
Exchange
New York
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

knowles corp (KN) Snapshot

Open
$23.20
Previous Close
$23.06
Day High
$23.20
Day Low
$22.76
52 Week High
08/26/14 - $33.82
52 Week Low
10/22/14 - $17.23
Market Cap
2.0B
Average Volume 10 Days
1.6M
EPS TTM
$-0.14
Shares Outstanding
85.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KNOWLES CORP (KN)

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knowles corp (KN) Details

Knowles Corporation designs, manufactures, and sells products and components to the mobile consumer electronics, medical technology, telecommunications infrastructure, military/space, and other industrial markets. The company operates in two segments, Mobile Consumer Electronics and Specialty Components. The Mobile Consumer Electronics segment designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. The acoustic components comprise analog and digital microphones, micro electro mechanical systems microphones, surface mounted device microphones, receivers, speakers, speaker modules, multi-functional devices, ultrasonic sensors, and integrated audio sub-systems. The Specialty Components segment designs and manufactures electronic components used in medical and life science applications; and solutions and components used in communications infrastructure and various other markets. This segment offers transducer products used primarily in hearing aid applications in the commercial audiology markets; oscillator products primarily for the telecom infrastructure market; and capacitor products used in various applications, such as radio, radar, satellite, power supplies, transceivers, and medical implants for the defense, aerospace, telecommunication, and life sciences markets. The company sells its products to original equipment manufacturers; and to its contract manufacturers and suppliers, as well as through distributors worldwide. Knowles Corporation was incorporated in 2013 and is headquartered in Itasca, Illinois.

10,000 Employees
Last Reported Date: 03/28/14
Founded in 2013

knowles corp (KN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $970.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $476.7K
Co-President of Specialty Components - Precis...
Total Annual Compensation: $513.1K
Co-President of Mobile Consumer Electronics -...
Total Annual Compensation: $457.6K
Co-President of Specialty Components - Acoust...
Total Annual Compensation: $383.0K
Compensation as of Fiscal Year 2013.

knowles corp (KN) Key Developments

Knowles Corporation Appoints Didier Hirsch as New Member to Board of Directors, Audit, Governance and Nominating Committee

Knowles Corporation appointed Didier Hirsch to the Board of Directors effective immediately. Mr. Hirsch will stand for election at the company’s Annual Meeting of Shareholders scheduled to take place on May 5, 2015. He will also serve on the Audit Committee and the Governance and Nominating Committee. Since 2010, Mr. Hirsch has been the Senior Vice President and Chief Financial Officer of Agilent Technologies Inc. Mr. Hirsch is also a director of Logitech International S.A. and International Rectifier Corporation.

Knowles Corporation Appoints Alexis Bernard as New Chief Technology Officer

Knowles Corporation announced that it has appointed a new technology leader to help architect the company's long-term vision to deliver intelligent audio solutions. Effective October 22, Alexis Bernard will lead Knowles' global technology vision as chief technology officer. In his role, Bernard has responsibility for the technology strategy, roadmap, and partnerships. Bernard comes to Knowles with more than 15 years of experience and is a recognized leader in technology development and corporate strategy. In particular, he brings expertise in audio signal processing. He was most recently chief technology officer at Audience, where he worked closely with the CEO on technology vision, corporate strategy and M&A. Bernard will work from Knowles' newest facility in Sunnyvale, California. This office opened November 3rd and employs a group of engineers and technology managers. The Sunnyvale team will be focused on enabling the company's advanced audio strategy and solutions.

Knowles Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2014

Knowles Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, revenue was $300.8 million against $311.6 million a year ago. Operating loss was $16.1 million against earnings of $51.9 million a year ago. Loss before income taxes was $16.1 million against income before income taxes of $38.3 million a year ago. Net loss was $14.6 million against net income of $44.3 million a year ago. Diluted loss per share was $0.17 against diluted earnings per share of $0.52 a year ago. Adjusted earnings before interest and income taxes were $42.2 million against $67.5 million a year ago. Non-GAAP diluted earnings per share  were $0.38 against $0.60 a year ago. Cash flow from operating activities was $24 million and includes payments related to restructuring and production transferred cost of $19 million. Capital spending in the quarter was $27 million. For the nine months, revenue was $855.3 million against $884.5 million a year ago. Operating loss was $49.4 million against earnings of $102.6 million a year ago. Loss before income taxes was $51.8 million against income before income taxes of $66.2 million a year ago. Net loss was $85.9 million against net income of $72.8 million a year ago. Diluted loss per share was $1.01 against diluted earnings per share of $0.86 a year ago. Adjusted earnings before interest and income taxes were $95.9 million against $159.0 million a year ago. Non-GAAP diluted earnings per share  were $0.96 against $1.33 a year ago. For the quarter ending December 31, 2014, the company expects revenue in the range of $280 million to $300 million, non-gaap gross margin to be in the range of 32% to 34%, adjusted EBIT margin to be in the range of 12% to 14% with the effective tax rate in the range of 18% to 20% and non-GAAP EPS to be $0.30 to $0.38. 2014 GAAP results are expected to include approximately $3 million in stock based compensation, $10 million in amortization of intangibles, $5 million to $9 million in production transfer related costs, $2 million to $3 million in restructuring costs, and related tax effects on these items. Cash flow from operating activities to be between $35 million and $45 million with spending related to capital expenditures of approximately $25 million. For the full year, the company expects capital spending to be between $90 million and $100 million, unchanged from previous guidance. Effective tax rate will be approximately 13% for the full year.

 

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