Slide 1: 1st Quarter 2022 Earnings Release Supplemental Information
1st Quarter 2022 Earnings Release Supplemental Information April 28, 2022
Slide 2: Safe Harbor
Safe Harbor Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, such as statements about our future plans, objectives, expectations, financial performa
Slide 3: Continued execution on our margin focused strategy delivered strong EPS
Q1 2022 Year-over-Year Continued execution on our margin focused strategy delivered strong EPS • Revenues in-line with REVENUE Non-GAAP ADJUSTED EBIT Non-GAAP DILUTED GROSS PROFIT MARGIN* MARGIN* EPS* expectations despite ($M) (%) (%) ($) macroeconomic headwinds 201.0 201.4 0.35 • Adjusted EBIT marg
Slide 4: Q1 2022 Segment Performance: Precision Devices
Q1 2022 Segment Performance Precision Devices REVENUE Non-GAAP GROSS PROFIT MARGIN* • Strong organic growth in defense, ($M) (%) industrial, and medtech markets 55.7 • Record quarterly bookings 45.6 • Gross Profit Margin expansion driven by favorable product and 37.9 customer mix, productivity gains
Slide 5: Q1 2022 Segment Performance: Audio
Q1 2022 Segment Performance Audio • Revenue declined due to our REVENUE Non-GAAP continued focus on higher value GROSS PROFIT MARGIN* ($M) (%) MEMS Microphones, weak computing and mobile market 163.1 demand, and supply chain headwinds, partially offset by increased shipments into the 145.7 40.3 Hear
Slide 6: Q2 2022 Guidance
Outlook Q2 2022 Guidance GAAP ADJUSTMENTS NON-GAAP Revenue $195 to $205 million — $195 to $205 million Gross Profit Margin 40.7% to 41.7% 0.3% 41.0% to 42.0% Diluted EPS $0.20 to $0.24 $0.10 $0.30 to $0.34 Q2 2022 GAAP results are expected to include approximately $0.07 per share in stock-based comp
Slide 7: Appendix
« knowles Appendix
Slide 8: Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
Reconciliation of GAAP Financial Measures to Non- GAAP Financial Measures Quarter Ended March 31, Notes: (in millions, except per share amounts) 2022 2021 (1) Other expenses represent the ongoing net lease cost related to facilities not used in operations. Gross profit $ 83.3 $ 78.0 (2) Gross profit
Slide 9: Historical Segment Data
Historical Segment Data Audio Precision Devices Quarter Ended Quarter Ended March 31, December 31, September 30, June 30, March 31, March 31, December 31, September 30, June 30, March 31, (Continuing operations, in millions) 2022 2021 2021 2021 2021 2022 2021 2021 2021 2021 Revenues $ 145.7 $ 176.4
Slide 10: Reconciliation of Segment EBIT to Consolidated Net Earnings
Reconciliation of Segment EBIT to Consolidated Net Earnings Quarter Ended March 31, December 31, September 30, June 30, March 31, (Continuing operations, in millions) 2022 2021 2021 2021 2021 Earnings before interest and income taxes Audio $ 22.2 $ 42.0 $ 36.6 $ 28.0 $ 30.4 Precision Devices 12.3 15