Kemet Corporation (KEM) Tops Q1 EPS by 13c, Beats on Revenues

Kemet Corporation (NYSE: KEM) reported Q1 EPS of $0.33, $0.13 better than the analyst estimate of $0.20. Revenue for the quarter came in at $291 million versus the consensus estimate of $281.29 million.

• Pro forma quarterly sales for the Company and TOKIN of $291 million
• GAAP Gross margin of 28.0% up 280 basis points over prior quarter ending March 31, 2017
• GAAP EPS of $3.84 per diluted share and NON-GAAP EPS of $0.33 per diluted share
• Cash Balance of $225.6 million at June 30, 2017
• September 30, 2017 quarter sales forecast of $295 million to $305 million

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

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