Kemet Corporation (KEM) Tops Q1 EPS by 3c

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Go back to Kemet Corporation (KEM) Tops Q1 EPS by 3c

KEMET Reports Preliminary Fiscal 2016 First Quarter Results

July 28, 2015 8:01 AM EDT

GREENVILLE, S.C., July 28, 2015 /PRNewswire/ -- KEMET Corporation (the "Company") (NYSE: KEM), a leading global supplier of electronic components, today reported preliminary results for our first quarter fiscal year 2016 ended June 30, 2015.

Net sales of $187.6 million for the quarter ended June 30, 2015 decreased 3.2% from net sales of $193.7 million for the prior quarter ended March 31, 2015 and decreased 11.9% compared to net sales of $212.9 million for the quarter ended June 30, 2014. 

The U.S. GAAP net loss was $37.1 million or $0.81 per basic and diluted share for the quarter ended June 30, 2015, which includes a non-cash charge of... More