KN · Knowles Corporation Q2 FY2026 earnings call record财报电话会记录

“The company urges investors to review the risks and uncertainties in the company's SEC filings, including but not limited to the annual report on Form 10-K for the fiscal year ended December 31, 2025, periodic reports filed from time to time with the SEC, and the risks and uncertainties identified in today's earnings release.”

“We are seeing more defense customers coming to us wanting to place multi-year orders to secure capacity.”

“Orders in the PD segment were nearly $140 million in Q2, well above Q1 bookings and providing me with confidence in continued growth in the future.”

“With a very healthy backlog of existing orders, strong secular trends in the markets we serve, and accelerating book-to-bill, we now expect our revenue growth in 2026 to be between 10% and 12%, well above the high end of our organic revenue growth target of 4% to 6% that we provided at our Investor Day in May of last year.”

“EPS was $0.33 in the quarter, up $0.09, or 38% from the year-ago period, and above the high end of our guidance range.”

“Segment gross margins were 40.1%, up 140 basis points from the Q2 of 2025, largely driven by increased production volume and factory capacity utilization as we deliver on strong demand across all markets and products.”

“Interest expense for the quarter was $2 million, down $1 million from the Q2 of 2025 due to lower average debt balances.”

“Our strong growth and financial results in the first half of the year, combined with a robust backlog and increased order activity, give me confidence in our ability to deliver 2026 revenue growth of 10%-12% with adjusted EBITDA growth of 20%-24% over 2025 levels, with both metrics well above the high end of the target ranges that we provided at our May 2025 Investor Day.”

“We have a little bit of a headwind in our MSA segment in Q4, but the PD segment will continue to grow at the rates that are similar to what we said.”

“Some of the things we've now seen at the MSA segment could be closer to the 4% range, or the end mark could be closer to the 4% range.”

“The bookings were very strong in Q2, and that was up from a little over $100 million of orders in Q1.”

“The PD segment delivered gross margins about 40.1% in Q2, and that was up more than 100 basis points from the Q2 of 2025.”