Knowles Corporation · NYSE:KN
Knowles — Q1 2017 Earnings Presentation
8 slides from Knowles's earnings presentation, Apr 26, 2017
Slide 1: Q1 2017 Supplemental Information
April 26, 2017 Q1 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: Q1 '17 Financial Results (continuing operations)
Q1 ‘17 Financial Results (continuing operations) 3 Quarter over year ago period Q1FY17 Q1FY16 Revenue $193.7 million $185.3 million Gross Profit $67.6 million $66.8 million Non-GAAP Gross Profit $73.7 million $69.8 million Diluted Loss Per Share $(0.05) $(0.14) Non-GAAP Diluted Earnings Per Share $0
Slide 4: Revenue (Cont. Ops.)
Revenue (Cont. Ops.) 4 $185.3 $190.3 $243.1 $240.6 $193.7 $0 $50 $100 $150 $200 $250 $300 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17
Slide 5: Q1 '17 Revenue by Segment
Q1 ’17 Revenue by Segment Cont. Ops. (% of revenue) 5 Audio 74% Precision Devices 26%
Slide 6: Q2 '17 Projections (non-GAAP, cont. ops.)
Q2 ‘17 Projections (non-GAAP, cont. ops.)* 6 Q2FY17E Revenue $180 million - $200 million Gross Margin 37.5 percent – 39.5 percent EPS (diluted) $0.08 - $0.14 *Projections as of 4/26/17; Q2 2017 GAAP results for continuing operations are expected to include approximately $0.07 per share in stock- bas
Slide 7: Historical Segment Data Audio / Precision Devices
Historical Segment Data Audio / Precision Devices 7 (Cont. Ops.; in $ millions) 7 March 31, 2017 December 31, 2016 September 30, 2016 June 30, 2016 March 31, 2016 March 31, 2017 December 31, 2016 September 30, 2016 June 30, 2016 March 31, 2016 Revenues 144.2$ 190.3$ 193.4$ 140.3$ 137.9$ 49.5$ 50.3$
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, 2017 December 31, 2016 September 30, 2016 June 30, 2016 March 31, 2016 Earnings before interest and income taxes Audio 8.9$ 38.2$ 36.5$ 8.4$ 5.7$ Preci ion Devices 5.5 4.1