Knowles (KN) Announces Restructuring Program; Reports Q2

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Go back to Knowles (KN) Announces Restructuring Program; Reports Q2

Knowles Reports Q2 2022 Financial Results and Announces Restructuring Program

August 2, 2022 4:05 PM EDT

Q2 Gross Margin of 41.3% and Non-GAAP Gross Margin of 41.5%, at the midpoint of guidance range

Q2 Precision Devices and Hearing Health Revenue both up 19% year-over-year

Restructuring Program expected to accelerate achievement of mid-term financial targets

ITASCA, Ill.--(BUSINESS WIRE)-- Knowles Corporation (NYSE: KN) ("Knowles" or the "Company"), a market leader and global provider of advanced micro-acoustic microphones and balanced armature speakers, audio solutions, and high performance capacitors and radio frequency (RF) products, today announced results for the quarter ended... More