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Stock impact report

Knowles Reports Q1 2020 Financial Results

Knowles Corporation (KN) 
Last knowles corporation earnings: 2/4 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.knowles.com
Company Research Source: Business Wire
ITASCA, Ill.--(BUSINESS WIRE)--Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic, audio processing, and precision device solutions, today announced results for the quarter ended March 31, 2020.“We reported first quarter revenues and earnings that were in line with our updated guidance,” said Jeffrey Niew, president and CEO of Knowles. “Audio sales were lower than the year ago period partially offset by higher Precision Devices sales. While Q1 Audio demand was weaker than our original projections due to COVID-19, much of the weakness hit later in the quarter. We are anticipating sequentially lower Audio sales driven by significantly weaker hearing health demand in Q2. We also experienced disruptions within Knowles’ manufacturing operations across Asia, which negatively impacted plant productivity within our Audio segment during the first quarter. We have made progress in returning our China facilities to more normalized operations but ex Show less Read more
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