Kemet Corporation (KEM) Tops Q1 EPS by 1c

Kemet Corporation (NYSE: KEM) reported Q1 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $184.9 million versus the consensus estimate of $183.13 million.

"We reported another quarter of consistent performance, meeting our forecast, and once again improving our GAAP gross margin as well as posting an improvement in our GAAP earnings as compared to the prior quarter", stated Per Loof, KEMET's Chief Executive Officer. "This marks the fifth straight quarter of positive non-GAAP earnings throughout a period that has been volatile on the macro-economic and political front. We believe this is the direct result of our successes in stabilizing the overall business, specifically the distribution channel, and focus on continuous improvement within our operating units," continued Loof.

For earnings history and earnings-related data on Kemet Corporation (KEM) click here.

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