Edition:
United Kingdom

KEMET Corp (KEM.N)

KEM.N on New York Stock Exchange

18.91USD
5:46pm GMT
Change (% chg)

$0.01 (+0.05%)
Prev Close
$18.90
Open
$19.43
Day's High
$19.58
Day's Low
$18.77
Volume
121,958
Avg. Vol
338,824
52-wk High
$29.83
52-wk Low
$14.42

Latest Key Developments (Source: Significant Developments)

KEMET Announces Additional Customer-Financed Capacity Agreement
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - KEMET Corp ::KEMET ANNOUNCES ADDITIONAL CUSTOMER-FINANCED CAPACITY AGREEMENT.KEMET - ENTERED CUSTOMER AGREEMENT WHICH PROVIDES INTEREST-FREE ADVANCE PAYMENTS TOTALING $30 MILLION.  Full Article

Kemet Sets Quarterly Dividend Of $0.05/ Share
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - KEMET Corp ::KEMET ANNOUNCES INITIATING QUARTERLY DIVIDEND PROGRAM.SETS QUARTERLY DIVIDEND OF $0.05PER SHARE.DIVIDEND REPRESENTS AN ANNUAL USE OF CASH OF APPROXIMATELY $11.5 MILLION.  Full Article

Kemet Says Unit Entered Agreement With Customer For Advance Of Up To $36 Mln
Friday, 7 Sep 2018 

Sept 7 (Reuters) - KEMET Corp ::KEMET SAYS ON SEPT. 4 UNIT ENTERED AGREEMENT WITH A CUSTOMER, CUSTOMER AGREED TO MAKE ADVANCE TO CO OF UP TO $36 MILLION - SEC FILING.KEMET - TO USE ADVANCE TO FUND PURCHASE OF CERTAIN PRODUCTION EQUIPMENT, MAKE OTHER INVESTMENTS IN BUSINESS AND OPERATIONS.  Full Article

KEMET Q1 Adjusted Non-GAAP Earnings Per Share $0.55
Wednesday, 25 Jul 2018 

July 25 (Reuters) - KEMET Corp ::KEMET REPORTS PRELIMINARY FISCAL 2019 FIRST QUARTER RESULTS.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.55.Q1 GAAP EARNINGS PER SHARE $0.60.Q1 SALES $327.6 MILLION VERSUS I/B/E/S VIEW $318.2 MILLION.Q1 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.INCREASING FISCAL YEAR ANNUAL FORECAST TO A RANGE OF 11.0% TO 13.0% REVENUE GROWTH OVER PRIOR FISCAL YEAR.  Full Article

Kemet Reports Q4 Adj. Earnings Per Share Of $0.45
Thursday, 17 May 2018 

May 17 (Reuters) - KEMET Corp ::KEMET REPORTS PRELIMINARY FISCAL YEAR AND FOURTH QUARTER 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.45.Q4 GAAP EARNINGS PER SHARE $0.04.Q4 SALES $318 MILLION VERSUS I/B/E/S VIEW $306.7 MILLION.Q4 EARNINGS PER SHARE VIEW $0.41 -- THOMSON REUTERS I/B/E/S.  Full Article

Kemet Q3 Adjusted Non-Gaap Earnings Per Share $0.52
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Kemet Corp ::KEMET REPORTS PRELIMINARY FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.52.Q3 GAAP EARNINGS PER SHARE $0.32.Q3 SALES $306.4 MILLION.PRELIMINARY QTRLY ‍GAAP GROSS MARGIN OF 30.2% UP 490 BASIS POINTS VERSUS SAME QUARTER LAST YEAR​.  Full Article

Kemet announces cost improvement actions
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Kemet Corp :Kemet announces cost improvement actions.Kemet corp - ‍within Tokin legacy group, company will take a reduction in force across various internal operational and overhead functions​.Kemet Corp sees ‍annual savings of approximately $15 million by fiscal year 2021​.Kemet Corp sees ‍annual savings beginning April 1, 2018 of approximately $11 million​.Kemet - ‍Film and Electrolytic business group will take a voluntary reduction in force in its Italian operations.  Full Article

KEMET Corp says ‍within Tokin Legacy Group, co will take a reduction in force across various internal operational and overhead functions​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - KEMET Corp :KEMET Corp - ‍within Tokin Legacy Group, co will take a reduction in force across various internal operational and overhead functions​.KEMET Corp says ‍will accrue about $5.3 million between current fiscal quarter and June 30, 2018 with savings expected to begin on April 1, 2018 - sec filing​.KEMET Corp - ‍total cost savings for next fiscal year from Tokin Legacy Group reduction​ is expected to be approximately $9.2 million.KEMET Corp - ‍solid capacitors business group to relocate tantalum powder facility equipment from Carson City, Nevada to existing Matamoros, Mexico Plant​.KEMET Corp - ‍film and electrolytic business group will take a voluntary reduction in force in its Italian operations​.KEMET Corp - ‍reduction in Italian operations will accrue about $5.0 million between current fiscal quarter & quarter ending March 31, 2018 based on reduction timing​.  Full Article

Kemet expects Q3 net sales to be within $288 mln-$300 mln range​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Kemet Corp :Kemet provides FY18 third quarter guidance; comments on recent trading activity.Kemet Corp - ‍for Q3, Kemet expects net sales to be within $288 million to $300 million range​.  Full Article

Kemet Corp reports qtrly GAAP EPS of $0.22 per diluted share‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Kemet Corp :Kemet Corp - Qtrly GAAP EPS of $0.22 per diluted share‍​.Kemet Corp - Qtrly non-GAAP adjusted EPS of $0.45 per diluted share ‍​.Kemet Corp - ‍Net sales of $301.5 million for quarter ended Sept. 30, 2017 increased 10.0%, from net sales of $274.0 million for prior quarter ended June 30, 2017​.Q2 earnings per share view $0.45, revenue view $298.5 million -- Thomson Reuters I/B/E/S.  Full Article

UPDATE 2-Wooing investors, Rwanda hosts first tantalum-tracking blockchain

KIGALI/LONDON, Oct 16 Rwanda's mining boss announced on Tuesday the world's first blockchain project to track tantalum from the pit-face to the refinery, part of a push to woo investors seeking a conflict-free source of minerals.