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KN NYSE· Knowles Corporation
Earnings report Q4 2023

Knowles Corporation Reports Decrease in Revenue for Latest Quarter

Segments of revenue

Knowles Corporation reported revenues of $707.6 million for the latest quarter. This represents a decrease compared to the previous year's quarter, where revenues were $764.7 million. The company's revenue for the year 2023 was $868.1 million.

Strengths

Despite the decrease in revenue, Knowles Corporation has shown resilience in its financial performance. The company's gross profit for the latest quarter was $283.4 million, which is slightly higher than the previous year's quarter. This indicates that the company has been able to effectively manage its cost of goods sold and maintain a healthy profit margin.

Challenges

The decrease in revenue for the latest quarter is a challenge for Knowles Corporation. The company's revenues have been declining over the past few years, which may be attributed to various factors such as market competition and changing customer preferences. It is important for the company to address these challenges and find ways to stimulate revenue growth.

Noteworthy

Knowles Corporation has been actively managing its expenses to improve its financial performance. The company has implemented restructuring measures, including cost-cutting initiatives, which have helped in reducing operating expenses. Additionally, the company has incurred impairment charges in the past, which may have impacted its overall financial performance.

Summary

Knowles Corporation reported a decrease in revenue for the latest quarter, reflecting the ongoing challenges faced by the company. However, the company has demonstrated strengths in managing its costs and maintaining a healthy profit margin. It is crucial for Knowles Corporation to address the challenges and find strategies to drive revenue growth in order to improve its overall financial performance.

Source documents

Form 10-K  filed on Feb 21, 2024
41 pages scanned

Reference data

Company financials Q4 revenue 215M
Analyst estimates Q4 EPS missed by 0.00%
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