Knowles Corporation reported a notable increase in its financial performance for the third quarter and the first nine months of 2025, as detailed in its latest 10-Q filing. For the three months ended September 30, 2025, the company generated revenues of $152.9 million, a 7.3% increase from $142.5 million in the same period of 2024. The gross profit for the quarter rose to $69.9 million, up 11.1% from $62.9 million year-over-year. Net earnings from continuing operations were $18.0 million, or $0.21 per diluted share, compared to $9.2 million, or $0.10 per diluted share, in the prior year.
In the nine-month period ending September 30, 2025, Knowles reported revenues of $431.0 million, reflecting a 4.9% increase from $411.0 million in the same period of 2024. The gross profit for this period was $183.8 million, up from $173.9 million, while net earnings from continuing operations reached $25.4 million, or $0.29 per diluted share, compared to $13.0 million, or $0.14 per diluted share, in the previous year. The company attributed these improvements to increased demand in its Precision Devices segment, particularly in defense, electrification, and medtech markets, as well as higher average pricing.
Significant operational changes included the completion of the sale of the Consumer MEMS Microphones (CMM) segment to Syntiant Corp. on December 27, 2024, for approximately $141.9 million. This strategic divestiture is part of Knowles' transformation into an industrial technology company focused on its Precision Devices and MedTech & Specialty Audio segments. The company has also undertaken restructuring efforts, incurring $0.3 million in charges during the third quarter of 2025, primarily related to headcount reductions following the sale of CMM.
In terms of operational metrics, Knowles reported an increase in customer engagement, with the Precision Devices segment experiencing a rise in bookings and backlog for capacitor products over the past four quarters. The company’s total assets decreased to $1,088.2 million as of September 30, 2025, down from $1,118.2 million at the end of 2024, largely due to cash reductions and changes in inventory levels. The company’s cash and cash equivalents stood at $92.5 million, a decrease from $130.1 million at the end of the previous year.
Looking ahead, Knowles anticipates continued growth driven by its focus on high-demand markets and operational efficiencies. The company is committed to optimizing its cost structure and leveraging its existing programs to mitigate potential impacts from global economic conditions, including tariffs and supply chain challenges. The outlook remains cautiously optimistic as Knowles navigates the post-divestiture landscape while aiming to enhance its market position in specialty electronic components.
About Knowles Corp
Knowles Corporation is a global manufacturer of specialty electronic components, including high-performance capacitors, RF filters, microphones, and speakers. Serving markets such as medtech, defense, and industrial, it provides custom-engineered solutions that enable advanced technologies. With a focus on innovation, reliability, and scalable manufacturing, Knowles supports original equipment manufacturers worldwide, emphasizing product quality, intellectual property protection, and strategic growth through R&D and acquisitions.
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