Form 8-K KEMET CORP For: May 03

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Go back to Form 8-K KEMET CORP For: May 03

Kemet Corporation (KEM) Misses Q4 EPS by 3c; NEC TOKIN Joint Venture Reaches Class Action Settlement

May 3, 2016 8:20 AM EDT

Kemet Corporation (NYSE: KEM) reported Q4 EPS of $0.04, $0.03 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $183.9 million versus the consensus estimate of $180.81 million.

Kemet also announced that NEC TOKIN Corporation, a joint venture between KEMET Electronics Corporation and NEC Corporation, reached a preliminary settlement with plaintiffs in two related U.S. antitrust class action suits.

"A significant hurdle to our acquisition of NEC TOKIN has been cleared," stated Per Loof, KEMET's Chief Executive Officer. "This settlement helps to open... More