Knowles Corp

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

KN$32.74-0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Earnings

(in millions, except per share amounts)

	Years Ended December 31,
	2023	2022	2021
Revenues	$707.6	$764.7	$868.1
Cost of goods sold	435.5	455.7	508.6
(Gain) loss on sale of fixed assets	(10.0)	0.5	—
Restructuring charges - cost of goods sold	(1.3)	32.2	—
Gross profit	283.4	276.3	359.5
Research and development expenses	78.5	81.7	92.8
Selling and administrative expenses	150.3	128.9	146.4
Impairment charges	—	470.9	4.0
Restructuring charges	3.5	9.6	0.5
Operating expenses	232.3	691.1	243.7
Operating earnings (loss)	51.1	(414.8)	115.8
Interest expense, net	5.4	3.9	14.2
Other expense (income), net	0.7	(0.5)	(3.0)
Earnings (loss) before income taxes and discontinued operations	45.0	(418.2)	104.6
(Benefit from) provision for income taxes	(27.4)	11.9	(45.6)
Earnings (loss) from continuing operations	72.4	(430.1)	150.2
Earnings from discontinued operations, net	—	—	0.2
Net earnings (loss)	$72.4	$(430.1)	$150.4
Earnings (loss) per share from continuing operations:
Basic	$0.80	$(4.69)	$1.63
Diluted	$0.79	$(4.69)	$1.59
Earnings per share from discontinued operations:
Basic	$—	$—	$—
Diluted	$—	$—	$—
Net earnings (loss) per share:
Basic	$0.80	$(4.69)	$1.63
Diluted	$0.79	$(4.69)	$1.59
Weighted-average common shares outstanding:
Basic	90.9	91.7	92.3
Diluted	91.6	91.7	94.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.