Knowles Corporation · NYSE:KN
Knowles — Q2 2017 Earnings Presentation
8 slides from Knowles's earnings presentation, Jul 26, 2017
Slide 1: Q2 2017 Supplemental Information
July 26, 2017 Q2 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: Q2 '17 Financial Results (continuing operations)
Q2 ‘17 Financial Results (continuing operations) 3 Quarter over year ago period Q2FY17 Q2FY16 Revenue $190.2 million $190.3 million Gross Profit $71.7 million $72.9 million Non-GAAP Gross Profit $75.0 million $75.1 million Diluted Loss Per Share $(0.34) $(0.08) Non-GAAP Diluted Earnings Per Share $0
Slide 4: Revenue (Cont. Ops.)
Revenue (Cont. Ops.) 4 $190.3 $243.1 $240.6 $193.7 $190.2 $0 $50 $100 $150 $200 $250 $300 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17
Slide 5: Q2 '17 Revenue by Segment
Q2 ’17 Revenue by Segment Cont. Ops. (% of revenue) 5 Audio 73% Precision Devices 27%
Slide 6: Q3 '17 Projections (non-GAAP, cont. ops.)
Q3 ‘17 Projections (non-GAAP, cont. ops.)* 6 Q3FY17E Revenue $205 million - $235 million Gross Margin 38 percent – 41 percent EPS (diluted) $0.23 - $0.29 *Projections as of 7/26/17; Q3 2017 GAAP results for continuing operations are expected to include approximately $0.06 per share from a higher eff
Slide 7: Historical Segment Data Audio / Precision Devices
Historical Segment Data Audio / Precision Devices 7 (Cont. Ops.; in $ millions) 7 June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016 June 30, 2016 June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016 June 30, 2016 Revenues 138.1$ 144.2$ 190.3$ 193.4$ 140.3$ 52.1$ 49.5$ 50
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 June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016 June 30, 2016 Earn ngs before interest and income taxes Au io (7.1)$ 8.9$ 38.2$ 36.5$ 8.4$ Precision Devices 5.9 5.5