Knowles Corporation · NYSE:KN
Knowles — Q2 2020 Earnings Presentation
7 slides from Knowles's earnings presentation, Jul 29, 2020
Slide 1: Q2 2020 Supplemental Information
Q2 2020 July 29, 2020 Supplemental Information
Slide 2: Non-GAAP Disclaimer
Non-GAAP Disclaimer The financial results disclosed in this presentation include certain measures calculated and presented in accordance with GAAP. In addition to the GAAP results included in this presentation, Knowles has presented supplemental, non-GAAP gross profit, earnings before interest and i
Slide 3: Q2 '20 Financial Results (continuing operations)
Q2 '20 Financial Results (continuing operations) Quarter over year ago period Q2FY20 Q2FY19 Revenues $152.2 million $205.2 million Gross profit $47.8 million $76.4 million Non-GAAP gross profit $49.1 million $78.1 million Diluted (loss) earnings per share ($0.21) $0.06 Non-GAAP diluted (loss) earnin
Slide 4: Q3 '20 Projections (non-GAAP, cont. ops.)
Q3 '20 Projections (non-GAAP, cont. ops.)* Q3FY20 Revenues $185 million - $200 million Gross margin 35.0% - 38.0% EPS (diluted) $0.17 - $0.23 *Projections as of 7/29/20; Q3 2020 GAAP results are expected to include approximately $0.05 per share in stock-based compensation and $0.03 per share in amor
Slide 5: Historical Segment Data Audio / Precision Devices
Historical Segment Data Audio / Precision Devices (Cont. Ops.; in $ millions) Audio Precision Devices Quarter Ended Quarter Ended June 30, March 31, December September June 30, June 30, March 31, December September June 30, 2020 2020 31, 2019 30, 2019 2019 2020 2020 31, 2019 30, 2019 2019 Revenues $
Slide 6: Reconciliation of Segment EBIT to Consolidated Net Earnings
Reconciliation of Segment EBIT to Consolidated Net Earnings Audio / Precision Devices (Cont. Ops.; in $ millions) Quarter Ended June 30, March 31, December 31, September 30, June 30, 2020 2020 2019 2019 2019 Earnings (loss) before interest and income taxes Audio $ (12.2) $ (6.1) $ 35.2 $ 39.1 $ 21.2
Slide 7: Free Cash Flow
Free Cash Flow Free Cash Flow (in $ millions) YTD Q2FY20 Q2FY20 Q1FY20 Cash flow provided by (used in) operating activities $ 25.0 $ 26.5 $ (1.5) Less: Capital expenditures (14.6) (6.8) (7.8) Free cash flow $ 10.4 $ 19.7 $ (9.3) 7