KEMET Corp. (KEM) Misses Q4 EPS by 13c

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Go back to KEMET Corp. (KEM) Misses Q4 EPS by 13c

KEMET Reports Preliminary Fourth Quarter And Fiscal Year 2015 Results

May 5, 2015 8:11 AM EDT

GREENVILLE, S.C., May 5, 2015 /PRNewswire/ -- KEMET Corporation (the "Company") (NYSE: KEM), a leading global supplier of electronic components, today reported preliminary results for the fourth quarter and fiscal year ended March 31, 2015.

Net sales of $193.7 million for the quarter ended March 31, 2015 decreased 3.8% from net sales of $201.3 million for the prior quarter ended December 31, 2014, and decreased 10.2% compared to net sales of $215.8 million for the quarter ended March 31, 2014.  For the fiscal year ended March 31, 2015 net sales were $823.2 million compared to $833.7 million for the fiscal year ended March 31, 2014.

The U.S. GAAP net loss... More