Knowles Corporation · NYSE:KN
Knowles — Q1 2018 Earnings Presentation
8 slides from Knowles's earnings presentation, Apr 26, 2018
Slide 1: Q1 2018 Supplemental Information
April 26, 2018 Q1 2018 Supplemental Information
Slide 2: Non-GAAP Disclaimer
Non-GAAP Disclaimer 2 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
Slide 3: Q1 '18 Financial Results (continuing operations)
Q1 ‘18 Financial Results (continuing operations*) 3 Quarter over year ago period Q1FY18 Q1FY17 Revenues $178.5 million $168.3 million Gross profit $65.3 million $59.3 million Non-GAAP gross profit $66.7 million $65.2 million Diluted earnings per share $0.00 $(0.06) Non-GAAP diluted earnings per shar
Slide 4: Revenues (Cont. Ops.)
Revenues (Cont. Ops.) 4 $168.3 $164.4 $196.0 $215.5 $178.5 $0 $50 $100 $150 $200 $250 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18
Slide 5: Q1 '18 Revenues by Segment
Q1 ’18 Revenues by Segment Cont. Ops. (% of revenue) 5 Audio 82% Precision Devices 18%
Slide 6: Q2 '18 Projections (non-GAAP, cont. ops.)
Q2 ‘18 Projections (non-GAAP, cont. ops.)* 6 Q2FY18E Revenues $170 million - $190 million Gross margin 37 percent – 39 percent EPS (diluted) $0.12 - $0.16 *Projections as of 4/26/18; Q2 2018 GAAP results for continuing operations are expected to include approximately $0.05 per share in stock- based
Slide 7: Historical Segment Data Audio / Precision Devices
Historical Segment Data Audio / Precision Devices 7 (Cont. Ops.; in $ millions) 7 March 31, 2018 December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 March 31, 2018 December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Revenues 146.4$ 187.3$ 167.8$ 138.1$ 144.2$ 32.1$ 28.2$
Slide 8: Reconciliation of Segment EBIT to Consolidated Net Earnings
Reconciliation of Segment EBIT to Consolidated Net Earnings Audio / Precision Devices 8 (Cont. Ops.; in $ millions) 8 March 31, December 31, September 30, June 30, March 31, 2018 2017 2017 2017 2017 Earnings (loss) before interest and income taxes Audio 12.3$ 46.2$ 28.1$ (7.1)$ 8.9$ Precision Device