Knowles Announces Preliminary Q4 2020 Results and Sets Date for Q4 Earnings Call - Seite 2

Webcast and Conference Call Information

The Company will provide a more detailed review of its financial results and business when it reports its fourth quarter and full year 2020 results on February 4, 2021.

Investors can listen to a live or replay webcast of the Company’s quarterly financial conference call at http://investor.knowles.com. The live webcast will begin on February 4, 2021 at 3:30 p.m. Central time. The webcast replay will be available after 7:00 p.m. Central time that day.

Investors can also listen to the conference call at 3:30 p.m. Central time on February 4, 2021 by calling [phone] (United States) or [phone] (International). The conference call replay will be available after 7:00 p.m. Central time February 4, 2021 through 11:59 p.m. Central time on February 11, 2021 at [phone] (United States) or [phone] (International). The access code is 6778685. A webcast replay will also be accessible via the Knowles website at http://investor.knowles.com.

Preliminary Financial Information

Preliminary financial results included in this press release represent the most current information available to management. The Company has not completed its customary financial closing procedures for the quarter ended December 31, 2020, nor have the financial results been audited, and the company’s actual results could vary materially from the preliminary estimates. As a result, investors should exercise caution in relying on this information and should not draw any inferences from this information regarding financial or operating data not provided. These preliminary estimates are not meant to be a comprehensive statement of our financial results for the fourth quarter ended December 31, 2020 and should not be viewed as a substitute for full financial statements prepared in accordance with GAAP. The Company anticipates filing a more detailed press release regarding its fourth quarter and fiscal year 2020 financial results on Form 8-K on February 4, 2021, as well as filing its Form 10-K for the fiscal year ended December 31, 2020 shortly thereafter.

Non-GAAP Financial Measures

In addition to the expected GAAP results included in this press release, Knowles has presented expected non-GAAP revenue, gross profit, and diluted earnings per share on a non-GAAP basis that exclude certain amounts that would be included in the most directly comparable GAAP measure. Expected non-GAAP results are not presented in accordance with GAAP. Expected non-GAAP information should be considered a supplement to, and not a substitute for, expected results presented in accordance with GAAP. In addition, the expected non-GAAP financial measures included in this press release do not have standard meanings and may vary from similarly titled non-GAAP financial measures used by other companies. Knowles believes that non-GAAP measures are useful as supplements to its GAAP results of operations to evaluate certain aspects of its operations and financial performance, and its management team primarily focuses on non-GAAP items in evaluating Knowles’ performance for business planning purposes. Knowles also believes that these measures assist it with comparing its performance between various reporting periods on a consistent basis, as these measures remove from operating results the impact of items that, in Knowles’ opinion, do not reflect its core operating performance including, for example, stock-based compensation, certain intangibles amortization expense, impairment charges, restructuring, production transfer costs, and other charges which management considers to be outside our core operating results. Knowles believes that its presentation of these expected non-GAAP financial measures is useful because it provides investors and securities analysts with the same information that Knowles uses internally for purposes of assessing its core operating performance.