Knowles Targets 30% Margins as Specialty Components Support Growth
Knowles says its non-commodity capacitor businesses delivered 8% revenue and 11% EBITDA compound annual growth from 2017 to 2025, including acquisitions. Management projects 8% to 10% revenue growth and 10% to 14% EBITDA growth, with organic growth above 10%. It expects EBITDA margins around 24% to exceed 25% this year and a path to 30% over 36 months, supported by gross-margin gains at Precision Devices, and plans higher capacity spending as capex may rise toward 5%. RF filters total about $85 million, largely tied to defense.