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KEMET Corp (KEM.N)

KEM.N on New York Stock Exchange

28.91USD
20 Jul 2018
Change (% chg)

$-0.48 (-1.63%)
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Latest Key Developments (Source: Significant Developments)

Kemet Reports Q4 Adj. Earnings Per Share Of $0.45
Thursday, 17 May 2018 

May 17 (Reuters) - KEMET Corp ::KEMET REPORTS PRELIMINARY FISCAL YEAR AND FOURTH QUARTER 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.45.Q4 GAAP EARNINGS PER SHARE $0.04.Q4 SALES $318 MILLION VERSUS I/B/E/S VIEW $306.7 MILLION.Q4 EARNINGS PER SHARE VIEW $0.41 -- THOMSON REUTERS I/B/E/S.  Full Article

Kemet Q3 Adjusted Non-Gaap Earnings Per Share $0.52
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Kemet Corp ::KEMET REPORTS PRELIMINARY FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.52.Q3 GAAP EARNINGS PER SHARE $0.32.Q3 SALES $306.4 MILLION.PRELIMINARY QTRLY ‍GAAP GROSS MARGIN OF 30.2% UP 490 BASIS POINTS VERSUS SAME QUARTER LAST YEAR​.  Full Article

Kemet announces cost improvement actions
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Kemet Corp :Kemet announces cost improvement actions.Kemet corp - ‍within Tokin legacy group, company will take a reduction in force across various internal operational and overhead functions​.Kemet Corp sees ‍annual savings of approximately $15 million by fiscal year 2021​.Kemet Corp sees ‍annual savings beginning April 1, 2018 of approximately $11 million​.Kemet - ‍Film and Electrolytic business group will take a voluntary reduction in force in its Italian operations.  Full Article

KEMET Corp says ‍within Tokin Legacy Group, co will take a reduction in force across various internal operational and overhead functions​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - KEMET Corp :KEMET Corp - ‍within Tokin Legacy Group, co will take a reduction in force across various internal operational and overhead functions​.KEMET Corp says ‍will accrue about $5.3 million between current fiscal quarter and June 30, 2018 with savings expected to begin on April 1, 2018 - sec filing​.KEMET Corp - ‍total cost savings for next fiscal year from Tokin Legacy Group reduction​ is expected to be approximately $9.2 million.KEMET Corp - ‍solid capacitors business group to relocate tantalum powder facility equipment from Carson City, Nevada to existing Matamoros, Mexico Plant​.KEMET Corp - ‍film and electrolytic business group will take a voluntary reduction in force in its Italian operations​.KEMET Corp - ‍reduction in Italian operations will accrue about $5.0 million between current fiscal quarter & quarter ending March 31, 2018 based on reduction timing​.  Full Article

Kemet expects Q3 net sales to be within $288 mln-$300 mln range​
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Kemet Corp :Kemet provides FY18 third quarter guidance; comments on recent trading activity.Kemet Corp - ‍for Q3, Kemet expects net sales to be within $288 million to $300 million range​.  Full Article

Kemet Corp reports qtrly GAAP EPS of $0.22 per diluted share‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Kemet Corp :Kemet Corp - Qtrly GAAP EPS of $0.22 per diluted share‍​.Kemet Corp - Qtrly non-GAAP adjusted EPS of $0.45 per diluted share ‍​.Kemet Corp - ‍Net sales of $301.5 million for quarter ended Sept. 30, 2017 increased 10.0%, from net sales of $274.0 million for prior quarter ended June 30, 2017​.Q2 earnings per share view $0.45, revenue view $298.5 million -- Thomson Reuters I/B/E/S.  Full Article

Kemet reports preliminary Q2 2018 GAAP earnings per share $0.22
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Kemet Corp :Kemet reports preliminary fiscal 2018 second quarter results.Q2 adjusted non-GAAP earnings per share $0.45.Q2 GAAP earnings per share $0.22.Q2 sales $301.5 million versus I/B/E/S view $298.5 million.Q2 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.  Full Article

Kemet Corporation announces pricing of secondary offering by selling securityholder
Saturday, 9 Sep 2017 

Sept 8 (Reuters) - Kemet Corp :Kemet Corporation announces pricing of secondary offering by selling securityholder.Kemet Corp - ‍pricing of previously announced public secondary offering of 8.4 million shares of its common stock​.  Full Article

KEMET Corp Q2 GAAP loss per share $0.11
Tuesday, 1 Nov 2016 

KEMET Corp : KEMET reports preliminary fiscal 2017 second quarter results . Q2 adjusted earnings per share $0.13 . Q2 GAAP loss per share $0.11 . Q2 sales $187.3 million versus I/B/E/S view $188 million .Q2 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.  Full Article

Kemet expects to achieve annual operating cost savings of about $3.5 to $4.0 mln
Wednesday, 12 Oct 2016 

Kemet Corp : Announces additional gross margin improvement action . Says solid capacitors group will modify its vertical integration strategy by relocating its k-salt facility equipment to its existing Matamoros Mexico plant . Says expects to achieve annual operating cost savings of about $3.5 to $4.0 million . Says expects to improve annual working capital by about $8.0 million with improvements beginning in Q4 of fiscal year 2017 . Kemet corp sees non-cash impairment charges of about $2.1 million, cash severance charges of about $0.2 million, and cash charges for equipment relocation costs of about $1.2 million .Kemet corp - will incur charges in fiscal Q2 ending September 30, 2016, except equipment relocation costs that are expected to be incurred in Q3 of fiscal year 2017.  Full Article

BRIEF-Kemet Q3 Adjusted Non-Gaap Earnings Per Share $0.52

* KEMET REPORTS PRELIMINARY FISCAL 2018 THIRD QUARTER RESULTS