Knowles Corp., a manufacturer of micro-acoustic, audio processing, and precision device solutions, said second quarter 2018 sales in its audio segment helped drive overall revenues up 15 percent over the same period last year.

ITASCA - Knowles Corp., a manufacturer of micro-acoustic, audio processing, and precision device solutions, said second quarter 2018 sales in its audio segment helped drive overall revenues up 15 percent over the same period last year.

President and CEO Jeffrey Niew said audio segment sales were 10 percent higher than the year ago period, driven by strong shipments of the company's MEMS microphone. In the Precision Devices segment, revenues hit record levels for the second consecutive quarter due to strong demand for capacitors and an acquisition completed in the first quarter, Niew added.

"As we enter the second half of the year, we are seeing positive momentum in both of our business segments and expect 9 percent total company revenue growth in 2018," he said "Our microphone business continues to grow in mobile, ear, and IoT. We also expect increasing sales of intelligent audio solutions across all of our end markets. In addition, I expect continued strength in capacitor demand, and our hearing health business to remain stable throughout the rest of the year.

Niew added that, as the company moves from an acoustic component supplier to an audio solutions provider, it will expand its market and audio trends, including processing "at the edge of the network and voice as a user interface. "I continue to believe that our core capabilities in acoustics, digital signal processing and algorithms are unique and unrivaled, and we are ideally positioned to grow across all of our end markets," he said.