Kemet Corporation (KEM) Misses Q3 EPS by 5c

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Kemet Reports Preliminary Fiscal 2016 Third Quarter Results

January 28, 2016 8:01 AM EST

GREENVILLE, SC -- (Marketwired) -- 01/28/16 -- KEMET Corporation (the "Company") (NYSE: KEM), a leading global supplier of electronic components, today reported preliminary results for our third fiscal quarter ended December 31, 2015.

Net sales of $177.2 million for the quarter ended December 31, 2015 decreased 4.8% from net sales of $186.1 million for the prior quarter ended September 30, 2015 and decreased 12.0% from net sales of $201.3 million for the quarter ended December 31, 2014. 

The U.S. GAAP net loss was $8.6 million or $0.19 per basic and diluted share for the quarter ended December 31, 2015, which included a non-cash gain of $0.7 million or $0.02 per... More