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An update from Knowles ( (KN) ) is now available.
On February 13, 2025, Knowles Corporation announced that its Board of Directors has approved an additional $150 million to its stock repurchase program, totaling approximately $194 million available for repurchases. The company reported a 21% increase in full-year revenue for 2024 and has completed the divestiture of its Consumer MEMS Microphone business, aligning its focus on industrial technology. The addition to the stock repurchase program is seen as a step toward enhancing shareholder value, while the company anticipates revenue growth in the Medical and Defense markets and benefits from a large order in the energy sector.
More about Knowles
Knowles Corporation is a leading manufacturer of specialty electronic components, including capacitors, radio frequency filters, advanced medtech microphones, and balanced armature speakers, focusing on innovative technologies in higher value markets.
YTD Price Performance: -9.70%
Average Trading Volume: 601,065
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.59B
See more insights into KN stock on TipRanks’ Stock Analysis page.
