Knowles Corporation · NYSE:KN
Knowles — Q3 2021 Earnings Presentation
7 slides from Knowles's earnings presentation, Oct 27, 2021
Slide 1: Q3 2021 Supplemental Information
Q3 2021 October 27, 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: Q3 '21 Financial Results
Q3 '21 Financial Results (continuing operations) Quarter over year ago period (in millions, except per share data) Q3FY21 Q2FY21 Q3FY20 Revenues $233.0 $199.8 $205.8 Gross profit $96.9 $83.7 $75.2 (as a % of revenues) 41.6% 41.9% 36.5% Non-GAAP gross profit $97.5 $84.8 $75.6 (as a % of revenues) 41.
Slide 4: Q4 '21 Projections
Q4 '21 Projections (continuing operations)* GAAP Adjustments Non-GAAP Revenues $230 million - $235 million — $230 million - $235 million Gross margin 39.0% - 41.0% 1.0% 40.0% - 42.0% EPS (diluted) $0.32 - $0.34 $0.11 $0.43 - $0.45 *Projections as of 10/27/21; Q4 2021 GAAP results are expected to inc
Slide 5: Historical Segment Data
Historical Segment Data (Cont. Ops.; in $ millions) Audio / Precision Devices Audio Precision Devices Quarter Ended Quarter Ended September 30, June 30, March 31, December 31, September 30, September 30, June 30, March 31, December 31, September 30, 2021 2021 2021 2020 2020 2021 2021 2021 2020 2020
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 September 30, June 30, March 31, December 31, September 30, 2021 2021 2021 2020 2020 Earnings before interest and income taxes Audio $ 36.6 $ 28.0 $ 30.4 $ 45.4 $ 17.8 Prec
Slide 7: Free Cash Flow
Free Cash Flow Free Cash Flow (in $ millions) YTD Q3FY21 Q3FY21 Q2FY21 Q1FY21 Cash flow provided by operating activities $ 116.6 $ 55.6 $ 21.3 $ 39.7 Less: Capital expenditures (28.2) (12.2) (10.8) (5.2) Free cash flow $ 88.4 $ 43.4 $ 10.5 $ 34.5 7