Slide 1: Quarter 2022 Earnings Release Supplemental Information
nd 2 Quarter 2022 Earnings Release Supplemental Information August 2, 2022
Slide 2: Safe Harbor: Forward Looking Statements
Safe Harbor Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, such as statements about our future plans, objectives, expectations, financial performa
Slide 3: Continued execution on our margin focused strategy delivered strong EPS
Q2 2022 Year-over-Year Continued execution on our margin focused strategy delivered strong EPS • Strong profitability REVENUE Non-GAAP ADJUSTED EBIT Non-GAAP DILUTED GROSS PROFIT MARGIN* MARGIN* EPS* metrics despite ($M) (%) (%) ($) macroeconomic 199.8 42.4 41.5 20.0 0.33 headwinds 188.0 0.31 17.9 •
Slide 4: Q2 2022 Segment Performance: Precision Devices
Q2 2022 Segment Performance Precision Devices REVENUE Non-GAAP • Broad-based growth across GROSS PROFIT MARGIN* ($M) (%) end markets, highlighted by defense, industrial, and medtech 46.7 59.5 43.2 • Gross Profit Margin 50.0 expansion driven by favorable product and customer mix, productivity gains a
Slide 5: Q2 2022 Segment Performance: Audio
Q2 2022 Segment Performance Audio • Revenue declined due to REVENUE Non-GAAP weak consumer electronic GROSS PROFIT MARGIN* demand, partially offset by ($M) (%) strong growth in Hearing Health 42.4 39.4 149.8 • Gross margin declined year- 128.5 over-year on temporary lower factory capacity utilizatio
Slide 6: Outlook: Q3 2022 Guidance
Outlook Q3 2022 Guidance GAAP ADJUSTMENTS NON-GAAP Revenue $170 to $185 million — $170 to $185 million Gross Profit Margin 16.0% to 18.0% 21.0 % 37.0% to 39.0% Diluted EPS $(0.37) to $(0.33) $0.54 $0.17 to $0.21 Q3 2022 GAAP results are expected to include approximately $0.42 per share in restructur
Slide 7: Appendix
« knowles Appendix
Slide 8: Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures Quarter Ended June 30, (in millions, except per share amounts) 2022 2021 Gross profit $ 77.7 $ 83.7 Gross profit margin 41.3 % 41.9 % Stock-based compensation expense 0.4 0.4 Notes: Other (1) — 0.7 (1) In 2022, Other expenses r
Slide 9: Historical Segment Data
Historical Segment Data Audio Precision Devices Quarter Ended Quarter Ended June 30, March 31, December 31, September 30, June 30, June 30, March 31, December 31, September 30, June 30, (Continuing operations, in millions) 2022 2022 2021 2021 2021 2022 2022 2021 2021 2021 Revenues $ 128.5 $ 145.7 $
Slide 10: Reconciliation of Segment EBIT to Consolidated Net Earnings
Reconciliation of Segment EBIT to Consolidated Net Earnings Quarter Ended June 30, March 31, December 31, September 30, June 30, (Continuing operations, in millions) 2022 2022 2021 2021 2021 (Loss) earnings before interest and income taxes Audio $ (216.2) $ 22.2 $ 42.0 $ 36.6 $ 28.0 Precision Device