Knowles Corp

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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.

FY2024 · Filed Feb 13, 2025

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

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

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Contents

Consolidated Statements of Earnings

(in millions, except per share amounts)

	Years Ended December 31,
	2024	2023	2022
Revenues	$553.5	$456.8	$478.8
Cost of goods sold	316.8	251.9	251.8
Restructuring charges - cost of goods sold	1.9	1.1	—
Gross profit	234.8	203.8	227.0
Research and development expenses	39.5	32.4	29.3
Selling and administrative expenses	142.0	125.8	106.3
Restructuring charges	1.5	2.2	0.6
Operating expenses	183.0	160.4	136.2
Operating earnings	51.8	43.4	90.8
Interest expense, net	16.3	5.4	3.5
Other expense (income), net	0.8	0.7	(0.4)
Earnings before income taxes and discontinued operations	34.7	37.3	87.7
Provision for (benefit from) income taxes	11.3	(28.3)	21.3
Earnings from continuing operations	23.4	65.6	66.4
(Loss) earnings from discontinued operations, net	(261.2)	6.8	(496.5)
Net (loss) earnings	$(237.8)	$72.4	$(430.1)
Earnings per share from continuing operations:
Basic	$0.26	$0.72	$0.72
Diluted	$0.26	$0.72	$0.72
(Loss) earnings per share from discontinued operations:
Basic	$(2.93)	$0.08	$(5.41)
Diluted	$(2.90)	$0.07	$(5.35)
Net (loss) earnings per share:
Basic	$(2.67)	$0.80	$(4.69)
Diluted	$(2.64)	$0.79	$(4.63)
Weighted-average common shares outstanding:
Basic	88.9	90.9	91.7
Diluted	90.1	91.6	92.8

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.