Knowles Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Knowles Corporation on May 2, 2022. The filing serves as a Regulation FD disclosure to update investors on the company's business and financial outlook. It references an investor update call originally held on November 30, 2021, and provides updated estimated results for fiscal year 2021 alongside a refined capital deployment strategy.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached Exhibit 99.1 (Investor Presentation slides), which are not included in the provided text. The filing notes that non-GAAP financial measures are used in the presentation and that a reconciliation to GAAP measures is included in the exhibit.
Material Changes
- Updated Fiscal Year 2021 Results: The company has updated the estimated results for fiscal year 2021 that were previously presented in November 2021 to reflect full-year results.
- Capital Deployment Strategy: Knowles has refined its capital deployment strategy, as detailed in the attached Investor Presentation.
Guidance, Outlook, and Risks
Forward-looking statements regarding the company's outlook are contained in the updated Investor Presentation (Exhibit 99.1) and are made as of November 30, 2021. The filing explicitly states that the information in this report and the attached exhibit is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be incorporated by reference in other filings except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 (Investor Presentation slides) for specific full-year fiscal 2021 financial results.
- Examine the reconciliation of non-GAAP financial measures to GAAP measures within the attached presentation.
- Verify the details of the refined capital deployment strategy outlined in the slides.
- Confirm that the forward-looking statements are understood to be based on data as of November 30, 2021.