Kemet Corporation (KEM) Tops Q1 EPS by 1c

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Go back to Kemet Corporation (KEM) Tops Q1 EPS by 1c

KEMET Reports Preliminary Fiscal 2017 First Quarter Results

July 28, 2016 8:01 AM EDT

GREENVILLE, SC -- (Marketwired) -- 07/28/16 --

Net sales of $184.9 million at the high-end of the forecasted range Gross margin improved 20 basis points to 23.0% compared to 22.8% in the prior quarterCash balance at June 30, 2016 exceeds forecast

KEMET Corporation (the "Company") (NYSE: KEM), a leading global supplier of passive electronic components, today reported preliminary results for our first fiscal quarter ended June 30, 2016.

Net sales of $184.9 million for the quarter ended June 30, 2016 increased 0.5% from net sales of $183.9 million for the prior quarter ended March 31, 2016 and decreased... More