Knowles Corporation · NYSE:KN
Knowles — Q1 2021 Earnings Presentation
7 slides from Knowles's earnings presentation, Apr 22, 2021
Slide 1: Q1 2021 Supplemental Information
April 22, 2021 Q1 2021 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: Q1 '21 Financial Results (continuing operations)
Q1 '21 Financial Results (continuing operations) Quarter over year ago period Q1FY21 Q4FY20 Q1FY20 Revenues $201.0 million $243.2 million $163.1 million Gross profit $78.0 million $92.0 million $56.2 million Non-GAAP gross profit $78.4 million $92.5 million $58.2 million Diluted earnings (loss) per
Slide 4: Q2 '21 Projections (continuing operations)
*Projections as of 4/22/21; Q2 2021 GAAP results are expected to include approximately $0.06 per share in stock-based compensation and $0.03 per share in amortization of intangibles and debt discount. Q2 '21 Projections (continuing operations)* GAAP Adjustments Non-GAAP Revenues $185 million - $205
Slide 5: March 31, December 31, September 30, June 30, March 31, March 31, December 31,
March 31, December 31, September 30, June 30, March 31, March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020 2021 2020 2020 2020 2020 Revenues $ 163.1 $ 201.8 $ 164.8 $ 104.5 $ 120.1 $ 37.9 $ 41.4 $ 41.0 $ 47.7 $ 43.0 Gross profit $ 64.8 $ 77.4 $ 58.9 $ 30.0 $ 40.6 $ 13.7
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 March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020 Earnings (loss) before interest and income taxes Audio $ 30.4 $ 45.4 $ 17.8 $ (12.2) $ (6.1
Slide 7: Free Cash Flow
Free Cash Flow Free Cash Flow (in $ millions) Q1FY21 Cash flow provided by operating activities $ 39.7 Less: Capital expenditures (5.2) Free cash flow $ 34.5 7