Knowles Corp’s SVP Robert J. Perna sells shares worth $170,353

Robert J. Perna, Senior Vice President, General Counsel, and Secretary of Knowles Corp (NYSE:KN), recently sold 10,009 shares of the company’s common stock. The shares were sold at a weighted average price of $17.02, with transaction prices ranging from $17.01 to $17.04. Following this transaction, Perna holds 75,773 shares in the company. The total value of the sale amounted to $170,353. Notably, while this insider sale occurred, InvestingPro data shows management has been actively buying back shares, and the stock typically demonstrates low price volatility. For deeper insights into insider trading patterns and comprehensive valuation metrics, explore the detailed Pro Research Report available on InvestingPro.

In other recent news, Knowles Corporation reported its fourth-quarter 2024 earnings, which fell short of analysts’ expectations. The company posted an earnings per share (EPS) of $0.27, slightly below the forecast of $0.28, and reported revenue of $142.5 million, missing the anticipated $146 million. Despite the misses, Knowles saw a 21% revenue growth from continuing operations for the full year. Additionally, the company completed the sale of its consumer MEMS microphone business and secured a $75 million order in the energy sector. Knowles has set its first-quarter 2025 revenue guidance between $124 million and $134 million, with an EPS range of $0.16 to $0.20. The company also disclosed a performance-based stock award for CEO Jeffrey S. Niew, contingent on achieving specific earnings per share and revenue milestones by 2027. The award aligns with Knowles’ strategic goals and could vary significantly based on the company’s performance. Furthermore, Knowles continues to focus on niche applications in medtech, defense, and industrial sectors, indicating confidence in its strategic direction and future growth potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.