Knowles Corporation · NYSE:KN
Knowles — Q4 2020 Earnings Presentation
7 slides from Knowles's earnings presentation, Feb 4, 2021
Slide 1: Q4 2020 Supplemental Information
February 4, 2021 Q4 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: Q4 '20 Financial Results (continuing operations)
Q4 '20 Financial Results (continuing operations) Quarter over year ago period Q4FY20 Q3FY20 Q4FY19 Revenues $243.2 million $205.8 million $233.9 million Gross profit $92.0 million $75.2 million $89.6 million Non-GAAP gross profit $92.5 million $75.6 million $90.9 million Diluted earnings per share $
Slide 4: Q1 '21 Projections (continuing operations)
*Projections as of 2/4/21; Q1 2021 GAAP results are expected to include approximately $0.05 per share in stock-based compensation and $0.03 per share in amortization of intangibles and debt discount. Q1 '21 Projections (continuing operations)* GAAP Adjustments Non-GAAP Revenues $190 million - $210 m
Slide 5: December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31,
December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 Revenues $ 201.8 $ 164.8 $ 104.5 $ 120.1 $ 190.1 $ 41.4 $ 41.0 $ 47.7 $ 43.0 $ 43.8 Gross profit $ 77.4 $ 58.9 $ 30.0 $ 40.6 $ 73.8
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 December 31, September 30, June 30, March 31, December 31, 2020 2020 2020 2020 2019 Earnings (loss) before interest and income taxes Audio $ 45.4 $ 17.8 $ (12.2) $ (6.1) $
Slide 7: Free Cash Flow
Free Cash Flow Free Cash Flow (in $ millions) YTD Q4FY20 Q4FY20 Q3FY20 Q2FY20 Q1FY20 Cash flow provided by (used in) operating activities $ 128.1 $ 75.5 $ 27.6 $ 26.5 $ (1.5) Less: Capital expenditures (31.9) (11.5) (5.8) (6.8) (7.8) Free cash flow $ 96.2 $ 64.0 $ 21.8 $ 19.7 $ (9.3) 7