Knowles Corporation · NYSE:KN
Knowles — Q3 2017 Earnings Presentation
8 slides from Knowles's earnings presentation, Oct 25, 2017
Slide 1: Q3 2017 Supplemental Information
October 25, 2017 Q3 2017 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: Q3 '17 Financial Results (continuing operations)
Q3 ‘17 Financial Results (continuing operations) 3 Quarter over year ago period Q3FY17 Q3FY16 Revenues $221.7 million $243.1 million Gross Profit $82.5 million $94.9 million Non-GAAP Gross Profit $84.9 million $95.7 million Diluted Earnings Per Share $0.17 $0.24 Non-GAAP Diluted Earnings Per Share $
Slide 4: Revenues (Cont. Ops.)
Revenues (Cont. Ops.) 4 $243.1 $240.6 $193.7 $190.2 $221.7 $0 $50 $100 $150 $200 $250 $300 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17
Slide 5: Q3 '17 Revenues by Segment
Q3 ’17 Revenues by Segment Cont. Ops. (% of revenues) 5 Audio 76% Precision Devices 24%
Slide 6: Q4 '17 Projections (non-GAAP, cont. ops.)
Q4 ‘17 Projections (non-GAAP, cont. ops.)* 6 Q4FY17E Revenues $225 million - $260 million Gross Margin 39 percent – 41 percent EPS (diluted) $0.33 - $0.39 *Projections as of 10/25/17; Q4 2017 GAAP results for continuing operations are expected to include approximately $0.08 per share from a higher e
Slide 7: Historical Segment Data Audio / Precision Devices
Historical Segment Data Audio / Precision Devices 7 (Cont. Ops.; in $ millions) 7 September 30, 2017 June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016 September 30, 2017 June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016 Revenues 167.8$ 138.1$ 144.2$ 190.3$ 193.4$ 53.9
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 September 30, 2017 June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016 Earnings (loss) before interest and income taxes Audio 28.1$ (7.1)$ 8.9$ 38.2$ 36.5$ Precision De