Knowles Corp Files 2024 10-K

TL;DR

Knowles Corp dropped its 2024 10-K. Full year financials are in.

AI Summary

Knowles Corporation filed its 2024 10-K on February 13, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Itasca, IL, operates in the Household Audio & Video Equipment sector. The filing provides comprehensive financial statements and disclosures as required by the SEC.

Why It Matters

This filing provides investors and analysts with the official year-end financial health and operational details of Knowles Corp, crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags or unusual disclosures.

Key Players & Entities

• Knowles Corp (company) — Filer of the 10-K
• 0001587523-25-000010 (dollar_amount) — Accession Number for the filing
• 20241231 (date) — Fiscal year end date
• 20250213 (date) — Filing date
• Itasca, IL (location) — Company headquarters

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value per share KN New York Stock E
• $10,000 — high school years. Knowles has pledged $10,000 annually to provide a PEAK student the

Filing Documents

• kn-20241231.htm (10-K) — 2746KB
• exhibit191.htm (EX-19.1) — 26KB
• a20241231exhibit211.htm (EX-21.1) — 24KB
• a20241231exhibit231.htm (EX-23.1) — 4KB
• a20241231exhibit311.htm (EX-31.1) — 11KB
• a20241231exhibit312.htm (EX-31.2) — 11KB
• a20241231exhibit321.htm (EX-32.1) — 7KB
• exhibit971.htm (EX-97.1) — 7KB
• exhibit191001.jpg (GRAPHIC) — 143KB
• exhibit191002.jpg (GRAPHIC) — 180KB
• exhibit191003.jpg (GRAPHIC) — 171KB
• exhibit191004.jpg (GRAPHIC) — 200KB
• exhibit191005.jpg (GRAPHIC) — 132KB
• exhibit191006.jpg (GRAPHIC) — 177KB
• exhibit191007.jpg (GRAPHIC) — 122KB
• exhibit191008.jpg (GRAPHIC) — 164KB
• exhibit191009.jpg (GRAPHIC) — 172KB
• exhibit191010.jpg (GRAPHIC) — 208KB
• exhibit191011.jpg (GRAPHIC) — 183KB
• exhibit191012.jpg (GRAPHIC) — 58KB
• exhibit971001.jpg (GRAPHIC) — 247KB
• exhibit971002.jpg (GRAPHIC) — 248KB
• kn-20241231_g1.jpg (GRAPHIC) — 122KB
• 0001587523-25-000010.txt ( ) — 19835KB
• kn-20241231.xsd (EX-101.SCH) — 77KB
• kn-20241231_cal.xml (EX-101.CAL) — 167KB
• kn-20241231_def.xml (EX-101.DEF) — 737KB
• kn-20241231_lab.xml (EX-101.LAB) — 1254KB
• kn-20241231_pre.xml (EX-101.PRE) — 1088KB
• kn-20241231_htm.xml (XML) — 2599KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 17 Item 1C. Cybersecurity 17 Item 2.

Properties

Properties 19 Item 3.

Legal Proceedings

Legal Proceedings 19 Item 4. Mine Safety Disclosures 19 Information about our Executive Officers 19 PART II 20 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 20 Item 6. [Reserved] 21 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 43 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 87 Item 9A.

Controls and Procedures

Controls and Procedures 87 Item 9B. Other Information 88 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 88 PART III 89 Item 10. Directors, Executive Officers, and Corporate Governance 89 Item 11.

Executive Compensation

Executive Compensation 89 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 89 Item 13. Certain Relationships and Related Transactions, and Director Independence 90 Item 14. Principal Accountant Fees and Services 90 PART IV 91 Item 15. Exhibits and Financial Statement Schedules 91 Item 16. Form 10-K Summary 94

SIGNATURES

SIGNATURES 95 2 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS Unless the context otherwise requires, references in this Annual Report on Form 10-K to "Knowles," the "Company," "we," "our," or "us" refer to Knowles Corporation and its consolidated subsidiaries. Our Company We are a leading manufacturer of specialty electronic components. We design parts that perform unique, critical functions for innovative technologies. Through extreme reliability, custom engineering, and scalable manufacturing, we enable businesses to succeed in the most demanding applications across medtech, defense, and industrial markets. Our high-performance capacitors, radio frequency ("RF") and microwave filters, advanced medtech microphones, balanced armature speakers, and miniaturization products enable and enhance the performance of technologies with the power to change, improve, and save lives. Knowles, founded in 1946 and headquartered in Itasca, Illinois, has grown into a global organization with approximately 5,500 employees at facilities located in 11 countries around the world. Our Strategy The Company is focused on delivering high value, differentiated solutions to a diverse set of end markets. In our Precision Devices ("PD") segment, our high-performance capacitors and RF filtering solutions enable some of the most demanding applications in the defense, medtech, and electrification markets. Our capacitor portfolio includes products with highly specialized requirements including high voltage, high temperature, and high reliability. We also deliver RF filtering solutions across a broad range of applications and frequencies primarily serving the defense market. We continue to focus on sales growth and improved margins by expanding our presence in profitable markets through organic initiatives and acquisitions. In our Medtech & Specialty Audio ("MSA") segment, our primary focus is to deliver high reliability and industry leading balanced armature speakers and microphones to leading hearing health manufacturers and p

RISK FACTORS

ITEM 1A. RISK FACTORS Cautionary Statement Concerning Forward-Looking Statements This Annual Report on Form 10-K contains certain statements regarding business strategies, market potential, future financial performance, future action, results, and any other statements that do not directly relate to any historical or current fact which are "forward-looking" statements within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), the Exchange Act, and the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project," "estimate," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "expect," "objective," "forecast," "goal," "guidance," "outlook," "effort," "target," and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made. In particular, information included under the sections entitled "Business," "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contain forward-looking statements. Readers are cautioned that the matters discussed in these forward-looking statements are subject to risks, uncertainties, assumptions, and other factors that are difficult to predict and which could cause actual results to differ materially from those projected, anticipated, or implied in the forward-looking statements. Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will be achieved or accomplished. Many factors that could cause actual results or events to differ materially from those anticipated include those risks and uncertainties descri

View Full Filing

View this 10-K filing on SEC EDGAR