Knowles Corporation · NYSE:KN
Knowles — Q3 2020 Earnings Presentation
7 slides from Knowles's earnings presentation, Oct 29, 2020
Slide 1: Q3 2020 Supplemental Information
Q3 2020 October 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: Q3 '20 Financial Results (continuing operations)
Q3 '20 Financial Results (continuing operations) Quarter over year ago period Q3FY20 Q2FY20 Q3FY19 Revenues $205.8 million $152.2 million $235.9 million Gross profit $75.2 million $47.8 million $93.5 million Non-GAAP gross profit $75.6 million $49.1 million $94.7 million Diluted earnings (loss) per
Slide 4: Q4 '20 Projections (non-GAAP, cont. ops.)
Q4 '20 Projections (non-GAAP, cont. ops.)* Q4FY20 Revenues $210 million - $225 million Gross margin 36.0% - 38.0% EPS (diluted) $0.27 - $0.33 *Projections as of 10/29/20; Q4 2020 GAAP results are expected to include approximately $0.05 per share in stock-based compensation and $0.03 per share in amo
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 September 30, June 30, March 31, December 31, September 30, September 30, June 30, March 31, December 31, September 30, 2020 2020 2020 2019 2019 2020 2020 2020 2019 2019
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, 2020 2020 2020 2019 2019 Earnings (loss) before interest and income taxes Audio $ 17.8 $ (12.2) $ (6.1) $ 35.2 $
Slide 7: Free Cash Flow
Free Cash Flow Free Cash Flow (in $ millions) YTD Q3FY20 Q3FY20 Q2FY20 Q1FY20 Cash flow provided by (used in) operating activities $ 52.6 $ 27.6 $ 26.5 $ (1.5) Less: Capital expenditures (20.4) (5.8) (6.8) (7.8) Free cash flow $ 32.2 $ 21.8 $ 19.7 $ (9.3) 7