Knowles Corp - Understand $kn stock

$KN Market Cap: $1.746 Billion

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Financial Snapshot

Revenue

$758.8M

TTM

Gross Margin

38.56%

TTM

Net Earnings

-$208.9M

TTM

Current Assets

$436.0M

Q3 2024

Current Liabilities

$185.9M

Q3 2024

Current Ratio

234.53%

Q3 2024

Total Assets

$1.171B

Q3 2024

Total Liabilities

$393.9M

Q3 2024

Book Value

$777.4M

Q3 2024

Cash

$92.60M

Q3 2024

P/E

-8.356

Nov 29, 2024 EST

Free Cash Flow

$139.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$707.6M	$764.7M	$868.1M	$764.3M	$854.8M	$826.9M	$744.2M	$755.7M	$753.6M	$915.0M	$1.215B	$1.118B	$983.3M	$730.4M
YoY Change	-7.47%	-11.91%	13.58%	-10.59%	3.37%	11.11%	-1.52%	0.28%	-17.64%	-24.68%	8.66%	13.7%	34.62%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$707.6M	$764.7M	$868.1M	$764.3M	$854.8M	$826.9M	$744.2M	$755.7M	$753.6M	$915.0M	$1.215B	$1.118B	$983.3M	$730.4M
Cost Of Revenue	$435.5M	$456.2M	$508.6M	$490.8M	$525.1M	$503.9M	$452.8M	$458.2M	$465.8M	$551.8M	$775.5M	$710.6M	$605.3M	$395.8M
Gross Profit	$272.1M	$276.3M	$359.5M	$271.2M	$328.0M	$322.6M	$286.0M	$295.7M	$281.8M	$355.5M	$427.9M	$407.0M	$378.0M	$334.6M
Gross Profit Margin	38.45%	36.13%	41.41%	35.48%	38.37%	39.01%	38.43%	39.13%	37.39%	38.85%	35.22%	36.4%	38.44%	45.81%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$150.3M	$128.9M	$146.4M	$131.5M	$145.7M	$142.5M	$126.6M	$149.9M	$149.7M	$156.9M	$193.0M	$188.1M	$229.9M	$192.9M
YoY Change	16.6%	-11.95%	11.33%	-9.75%	2.25%	12.56%	-15.54%	0.13%	-4.59%	-18.7%	2.6%	-18.18%	19.18%
% of Gross Profit	55.24%	46.65%	40.72%	48.49%	44.42%	44.17%	44.27%	50.69%	53.12%	44.14%	45.1%	46.22%	60.82%	57.65%
Research & Development	$78.50M	$81.70M	$92.80M	$92.90M	$96.80M	$100.6M	$93.40M	$92.00M	$83.20M	$64.10M	$82.60M	$77.30M
YoY Change	-3.92%	-11.96%	-0.11%	-4.03%	-3.78%	7.71%	1.52%	10.58%	29.8%	-22.4%	6.86%
% of Gross Profit	28.85%	29.57%	25.81%	34.26%	29.51%	31.18%	32.66%	31.11%	29.52%	18.03%	19.3%	18.99%
Depreciation & Amortization	$46.50M	$53.90M	$62.50M	$60.60M	$54.40M	$52.40M	$57.30M	$73.70M	$135.7M	$151.6M	$130.9M	$114.9M	$84.80M	$54.40M
YoY Change	-13.73%	-13.76%	3.14%	11.4%	3.82%	-8.55%	-22.25%	-45.69%	-10.49%	15.81%	13.93%	35.5%	55.88%
% of Gross Profit	17.09%	19.51%	17.39%	22.35%	16.59%	16.24%	20.03%	24.92%	48.15%	42.64%	30.59%	28.23%	22.43%	16.26%
Operating Expenses	$228.8M	$691.1M	$243.7M	$242.0M	$246.8M	$244.8M	$246.1M	$250.7M	$246.8M	$220.9M	$284.1M	$270.9M	$229.8M	$192.9M
YoY Change	-66.89%	183.59%	0.7%	-1.94%	0.82%	-0.53%	-1.83%	1.58%	11.72%	-22.25%	4.87%	17.89%	19.13%
Operating Profit	$43.30M	-$414.8M	$115.8M	$29.20M	$81.20M	$77.80M	$39.90M	$45.00M	$35.00M	$134.6M	$143.8M	$136.1M	$148.2M	$141.7M
YoY Change	-110.44%	-458.2%	296.58%	-64.04%	4.37%	94.99%	-11.33%	28.57%	-74.0%	-6.4%	5.66%	-8.16%	4.59%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	-$5.400M	-$3.900M	-$14.20M	-$16.40M	-$14.50M	-$16.00M	-$20.60M	-$20.40M	-$12.70M	-$6.600M	-$42.00M	-$56.50M	-$39.90M	-$20.30M
YoY Change	38.46%	-72.54%	-13.41%	13.1%	-9.38%	-22.33%	0.98%	60.63%	92.42%	-84.29%	-25.66%	41.6%	96.55%
% of Operating Profit	-12.47%		-12.26%	-56.16%	-17.86%	-20.57%	-51.63%	-45.33%	-36.29%	-4.9%	-29.21%	-41.51%	-26.92%	-14.33%
Other Income/Expense, Net	-$700.0K	$500.0K	$3.000M	-$1.500M	-$400.0K	-$700.0K	$100.0K	$3.500M	-$1.700M	$4.500M	-$300.0K	-$700.0K	-$1.000M	-$4.500M
YoY Change	-240.0%	-83.33%	-300.0%	275.0%	-42.86%	-800.0%	-97.14%	-305.88%	-137.78%	-1600.0%	-57.14%	-30.0%	-77.78%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$45.00M	-$418.2M	$104.6M	$11.30M	$66.30M	$61.10M	$19.40M	$28.10M	$20.60M	$132.5M	$101.5M	$78.90M	$105.6M	$116.8M
YoY Change	-110.76%	-499.81%	825.66%	-82.96%	8.51%	214.95%	-30.96%	36.41%	-84.45%	30.54%	28.64%	-25.28%	-9.59%
Income Tax	-$27.40M	$11.90M	-$45.60M	$8.400M	$16.60M	-$4.500M	$12.90M	$8.300M	$3.200M	$12.90M	-$4.300M	-$200.0K	$7.100M	$7.500M
% Of Pretax Income	-60.89%		-43.59%	74.34%	25.04%	-7.36%	66.49%	29.54%	15.53%	9.74%	-4.24%	-0.25%	6.72%	6.42%
Net Earnings	$72.40M	-$430.1M	$150.4M	$6.600M	$49.10M	$67.70M	$68.30M	-$42.30M	-$233.8M	-$87.00M	$105.8M	$79.10M	$98.50M	$109.3M
YoY Change	-116.83%	-385.97%	2178.79%	-86.56%	-27.47%	-0.88%	-261.47%	-81.91%	168.74%	-182.23%	33.75%	-19.7%	-9.88%
Net Earnings / Revenue	10.23%	-56.24%	17.33%	0.86%	5.74%	8.19%	9.18%	-5.6%	-31.02%	-9.51%	8.71%	7.08%	10.02%	14.96%
Basic Earnings Per Share	$0.80	-$4.69	$1.63	$0.07	$0.54	$0.75	$0.76	-$0.48	-$2.69	-$1.02	$1.24	$0.93
Diluted Earnings Per Share	$0.79	-$4.69	$1.59	$0.07	$0.53	$0.74	$0.75	-$0.47	-$2.69	-$1.02	$1.24	$0.93	$1.159M	$1.286M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$87.30M	$48.20M	$68.90M	$147.8M	$78.40M	$73.50M	$111.7M	$63.40M	$63.30M	$55.20M	$105.6M	$10.30M	$26.30M
YoY Change	81.12%	-30.04%	-53.38%	88.52%	6.67%	-34.2%	76.18%	0.16%	14.67%	-47.73%	925.24%	-60.84%
Cash & Equivalents	$87.30M	$48.20M	$68.90M	$147.8M	$78.40M	$73.50M	$111.7M	$63.40M	$63.30M	$55.20M	$105.6M	$10.30M	$26.30M
Short-Term Investments
Other Short-Term Assets	$9.800M	$10.00M	$11.70M	$10.30M	$8.600M	$11.10M	$19.90M	$10.30M	$9.200M	$20.50M	$22.50M	$16.00M	$22.00M
YoY Change	-2.0%	-14.53%	13.59%	19.77%	-22.52%	-44.22%	93.2%	11.96%	-55.12%	-8.89%	40.63%	-27.27%
Inventory	$196.4M	$169.5M	$153.1M	$130.1M	$141.8M	$140.1M	$125.6M	$90.80M	$118.4M	$162.0M	$149.2M	$133.6M	$116.5M
Prepaid Expenses
Receivables	$135.3M	$134.7M	$146.6M	$131.4M	$159.6M	$140.3M	$137.7M	$126.4M	$145.2M	$236.3M	$224.6M	$217.5M	$194.4M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$40.00M
Total Short-Term Assets	$428.8M	$362.4M	$380.3M	$419.6M	$388.4M	$365.0M	$394.9M	$290.9M	$336.1M	$474.0M	$501.8M	$377.3M	$399.3M
YoY Change	18.32%	-4.71%	-9.37%	8.03%	6.41%	-7.57%	35.75%	-13.45%	-29.09%	-5.54%	33.0%	-5.51%
Property, Plant & Equipment	$188.5M	$174.4M	$218.2M	$214.8M	$240.1M	$211.7M	$183.0M	$172.9M	$215.3M	$315.9M	$361.0M	$362.4M	$273.7M
YoY Change	8.08%	-20.07%	1.58%	-10.54%	13.42%	15.68%	5.84%	-19.69%	-31.85%	-12.49%	-0.39%	32.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$115.4M	$91.00M	$94.50M	$31.80M	$24.50M	$26.60M	$33.50M	$105.8M	$122.3M	$23.60M	$27.10M	$20.50M	$7.000M
YoY Change	26.81%	-3.7%	197.17%	29.8%	-7.89%	-20.6%	-68.34%	-13.49%	418.22%	-12.92%	32.2%	192.86%
Total Long-Term Assets	$1.034B	$821.5M	$1.351B	$1.235B	$1.266B	$1.183B	$1.155B	$1.224B	$1.360B	$1.525B	$1.668B	$1.674B	$1.601B
YoY Change	25.87%	-39.21%	9.39%	-2.44%	7.04%	2.42%	-5.65%	-10.02%	-10.76%	-8.62%	-0.33%	4.52%
Total Assets	$1.463B	$1.184B	$1.732B	$1.655B	$1.655B	$1.548B	$1.550B	$1.515B	$1.697B	$1.999B	$2.170B	$2.051B	$2.001B
YoY Change
Accounts Payable	$51.30M	$41.40M	$90.90M	$70.30M	$87.70M	$77.20M	$85.60M	$65.50M	$77.20M	$172.1M	$143.8M	$171.4M	$132.4M
YoY Change	23.91%	-54.46%	29.3%	-19.84%	13.6%	-9.81%	30.69%	-15.16%	-55.14%	19.68%	-16.1%	29.46%
Accrued Expenses	$66.20M	$47.50M	$69.80M	$53.80M	$58.80M	$62.60M	$59.10M	$49.80M	$56.90M	$73.00M	$57.00M	$55.00M	$54.20M
YoY Change	39.37%	-31.95%	29.74%	-8.5%	-6.07%	5.92%	18.67%	-12.48%	-22.05%	28.07%	3.64%	1.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$47.10M	$2.500M	$2.700M	$167.7M	$2.400M		$0.00	$9.700M	$29.60M	$15.00M
YoY Change	1784.0%	-7.41%	-98.39%	6887.5%			-100.0%	-67.23%	97.33%
Total Short-Term Liabilities	$164.6M	$99.10M	$166.2M	$297.3M	$151.5M	$141.8M	$151.6M	$132.2M	$175.4M	$288.6M	$210.0M	$233.4M	$188.6M
YoY Change	66.09%	-40.37%	-44.1%	96.24%	6.84%	-6.46%	14.67%	-24.63%	-39.22%	37.43%	-10.03%	23.75%
Long-Term Debt	$224.1M	$46.40M	$73.60M	$5.500M	$163.7M	$168.2M	$230.8M	$301.7M	$414.6M	$385.0M	$0.00	$528.8M	$1.419B
YoY Change	382.97%	-36.96%	1238.18%	-96.64%	-2.68%	-27.12%	-23.5%	-27.23%	7.69%		-100.0%	-62.74%
Other Long-Term Liabilities	$39.30M	$44.60M	$31.70M	$46.60M	$48.70M	$24.20M	$35.30M	$51.10M	$81.30M	$39.50M	$27.10M	$32.30M	$27.30M
YoY Change	-11.88%	40.69%	-31.97%	-4.31%	101.24%	-31.44%	-30.92%	-37.15%	105.82%	45.76%	-16.1%	18.32%
Total Long-Term Liabilities	$263.4M	$91.00M	$105.3M	$52.10M	$212.4M	$192.4M	$266.1M	$352.8M	$495.9M	$424.5M	$27.10M	$561.1M	$1.447B
YoY Change	189.45%	-13.58%	102.11%	-75.47%	10.4%	-27.7%	-24.57%	-28.86%	16.82%	1466.42%	-95.17%	-61.22%
Total Liabilities	$428.7M	$191.0M	$272.1M	$351.4M	$366.1M	$336.3M	$417.7M	$506.6M	$689.7M	$762.3M	$283.0M	$863.0M	$1.714B
YoY Change	124.45%	-29.81%	-22.57%	-4.02%	8.86%	-19.49%	-17.55%	-26.55%	-9.52%	169.36%	-67.21%	-49.65%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	90.90M shares	91.70M shares	92.30M shares	91.70M shares	91.20M shares	90.05M shares	89.33M shares	88.67M shares	86.80M shares	85.05M shares	85.02M shares	85.02M shares
Diluted Shares Outstanding	91.60M shares	91.70M shares	94.70M shares	92.90M shares	93.40M shares	91.19M shares	90.49M shares	89.18M shares	86.99M shares	85.29M shares	85.02M shares	85.02M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.7455 Billion

About Knowles Corp

Knowles Corp. supplies advanced micro-acoustic, audio processing and precision device solutions. The company is headquartered in Itasca, Illinois and currently employs 7,100 full-time employees. The company went IPO on 2014-02-14. The Company’s segments include Precision Devices (PD), Medtech & Specialty Audio (MSA) and Consumer MEMS Microphones (CMM). The PD segment specializes in the design and delivery of high-performance capacitor products and RF solutions primarily serving the defense, medtech, electric vehicle, and industrial markets. The MSA segment designs and manufactures balanced armature speakers and microphones used in applications that serve the hearing health and premium audio markets. The CMM segment designs and manufactures micro-electro-mechanical systems (MEMS) microphones and audio solutions used in applications that primarily serve the ear, Internet of things (IoT), computing, and smartphones markets. The company sells its products directly to OEMs, their contract manufacturers, and others.

Industry: Household Audio & Video Equipment Peers: AIRGAIN INC Akoustis Technologies, Inc. AMPHENOL CORP /DE/ BEL FUSE INC /NJ BELDEN INC. COHERENT CORP. Lightwave Logic, Inc. LITTELFUSE INC /DE ROGERS CORP VISHAY INTERTECHNOLOGY INC