Kemet Corporation (KEM) Tops Q3 EPS by 2c

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Go back to Kemet Corporation (KEM) Tops Q3 EPS by 2c

KEMET Reports Preliminary Fiscal 2017 Third Quarter Results

February 2, 2017 8:00 AM EST

GREENVILLE, SC -- (Marketwired) -- 02/02/17 -- KEMET Corporation (the "Company") (NYSE: KEM), a leading global supplier of passive electronic components, today reported preliminary results for our third fiscal quarter ended December 31, 2016.

Net sales of $188.0 million for the quarter ended December 31, 2016 increased 0.4% from net sales of $187.3 million for the prior quarter ended September 30, 2016 and increased 6.1% from net sales of $177.2 million for the quarter ended December 31, 2015.

U.S. GAAP net income was $12.3 million or $0.22 per diluted share for the quarter ended December 31, 2016. This compares to a net loss of $5.0 million or $0.11 per basic and... More